Yearly Archives: 2021

Why Turkey’s Regulators Became Such a Problem for Google

Type “running shoes,” “best laptop” or “camping equipment” into Google from just about anywhere in the world and the top of the screen will show a carousel of ads from websites promoting products to browse and compare. Not in Turkey. Google eliminated those advertisements last year after Turkish antitrust officials ordered the company to make it easier for competing shopping websites to appear more prominently in the ads. The Turkish demands went further to crack down on Google’s… Source link

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Google to require workers get vaccinated, a first for big tech

In a note to employees announcing the changes, Google CEO Sundar Pichai said the company has seen high vaccination rates for Google employees so far, which is why it is comfortable bringing workers back into the office. Currently, there are some early volunteers who are already working at various Google campuses. Workers will have to start reporting back to the office on Oct. 18. Source link

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Google Responded to Workplace Complaints With Counseling

Another Google employee, who asked to remain anonymous because she still works at the company, recalled that when she complained about a racist and toxic manager, she was told that perhaps she needed resilience training. She was also offered the same options: counseling or paid medical leave. She chose the latter. A former Google employee based in London said she was also offered counseling when she came forward with sexual assault claims. When Timnit Gebru, a former co-leader of Google’s… Source link

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Stock futures mixed after earnings, Fed decision

Stock futures searched for direction Wednesday evening amid a mixed batch of corporate earnings results and a Federal Reserve decision that signaled the central bank was still looking for the U.S. economy to recover further before adjusting its monetary policies. Contracts on the S&P 500 edged slightly lower. The index ended the regular session in the red but hovered less than 0.5% below its recent all-time closing high. Contracts on the Dow rose, while those on the Nasdaq dipped. Shares of… Source link

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Google and Facebook will require vaccinations for employees returning to the office

In an email to staff, Google (GOOGL) CEO Sundar Pichai said the policy would roll out in the United States in the coming weeks, and in other regions in the following months as vaccines become more widely available. It’s not clear how Google plans to enforce the policy. “Getting vaccinated is one of the most important ways to keep ourselves and our communities healthy in the months ahead,” Pichai said. Later Wednesday, Facebook (FB) Vice President of People Lori Goler said that any employees… Source link

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Tilray CEO sees marijuana legalization in America ‘over the next 18 to 24 months’

Tilray CEO Irwin Simon expects marijuana legalization in the U.S. to happen within the next two years. Citing the recent legislative push to end the federal prohibition of marijuana, “I see over the next 18-to-24 months that cannabis in some format will have legalization,” Simon told Yahoo Finance Live (video above), later adding: “Trust me: When legalization does happen, we will be ready… to be a part of it.” The Canadian cannabis company — listed on both the Nasdaq (TLRY) and the… Source link

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Online ad spending recovery drives sales, profit beat

Facebook (FB) reported second-quarter earnings after market close on Wednesday, with the recovery across the internet advertising industry helping lift the social media company’s results beyond Wall Street’s expectations.  However, Facebook flagged an expected slowdown in revenue growth, and said that decreased ad targeting abilities following an Apple iOS update would negatively impact results going forward. Shares slid more than 3.5% in late trading.  Here were the main metrics from… Source link

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Robinhood IPO is ‘effectively selling investors on exploiting other investors,’ New Constructs CEO argues

As Robinhood (HOOD) prepares for its IPO on July 29 in a bid for a $35 billion valuation, some analysts warn that the company’s business model — specifically its reliance on payment for order flow (PFOF) — is an unseemly practice that won’t last. “This IPO is effectively selling investors on exploiting other investors,” David Trainer, CEO of New Constructs, said on Yahoo Finance Live (video above). “The whole payment-for-order-flow business model is probably not going to be long for… Source link

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