Is this stock the next Amazon?

Amazon’s stock was priced at $18 when it went public in 1997. Today, the stock trades for more than $3,600 as the tech behemoth has cashed in on surging markets such as cloud services and online retail.  Veteran tech analyst Mark Mahaney of Evercore ISI thinks Uber (UBER) could be the next Amazon-like investment as it capitalizes on its own expanding market known as the on-demand economy.  “To me, Uber fits the bill of a still early stage company that has massive TAMs [total addressable… Source link

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Google needs to defund misinformation.

One of the latest chapters in the Facebook Files shows that despite large investments and improving technology, Facebook’s A.I. consistently fails to detect harmful content. Perhaps most strikingly, Facebook employees estimated that a whopping 99.4 percent of the content that violates the company’s policies against violence and incitement remains on the platform. The reason is that there is far too much to monitor by hand, so A.I. detection is essential—even though it… Source link

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Canadians ‘hesitant’ to jump back into Black Friday: Yahoo/Maru poll

One in five Canadians plan to take advantage of Black Friday sales this year, a new Yahoo/Maru public opinion poll shows, with the younger cohort driving most of the shopping.  The survey found that 21 per cent of Canadians intend to purchase goods this upcoming Black Friday, which would be a pullback in shoppers versus last year, amid the uncertainty of the COVID-19 pandemic. According to the poll, 25 per cent of Canadians made a purchase in relation to Black Friday in 2020.  Younger… Source link

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‘I’ve never quite seen it this bad’ in 30 years, analyst says

Supply chain woes continue to paint an increasingly bleak the picture for the trucking industry, said Jason Seidl, Cowen managing director of industrials — airfreight and surface transportation. Finding workers to drive trucks has increasingly been an issue in the industry, according to Seidl. “Clearly, we’ve had some problems hiring truckers lately,” he said in a segment with Yahoo Finance Live on Wednesday. “I’ve been around the trucking industry almost 30 years, and I’ve never… Source link

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Google will finally let you preorder the new 23W Pixel Stand for $79

Despite more than a few issues with the preorder process and shipping, Google’s Pixel 6 and Pixel 6 Pro have made their way into the world, and now the company is ready to sell an upgraded version of its Pixel Stand for wireless charging on your desk or side table. This new stand costs $79, just like the first-gen model did when it launched in 2018 with the Pixel 3. Like the original, it automatically adjusts the phone’s UI for docked use to pull up photo frames or shortcuts to your… Source link

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Google to pay AFP for news after charged nearly $600M fine

Google has agreed to pay Agence France-Presse for news content following a nasty legal and regulatory battle that saw the tech giant fined nearly $600 million by French authorities.  The deal comes after years of complaints by news publishers around the world about Google and Facebook using stories in search results without paying them. Some advertisers that used to support newspapers and magazines have also increasingly gravitated toward the tech giants,… Source link

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Google signs 5-year deal to pay for news from AFP

The Google logo displayed on a smartphone screen. Kirill Kudryavtsev | AFP | Getty Images Alphabet Inc’s Google will begin paying Agence France-Presse for its news content as part of broad five-year partnership announced Wednesday that marks one of the biggest licensing deals struck by a tech giant under a new French law. News organizations, which have been losing ad revenue to online aggregators such as Google and Facebook, have complained for years about the tech companies using stories in… Source link

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Another 268,000 individuals filed new unemployment claims last week

New weekly jobless claims came in slightly higher than expected but still eked out a new pandemic-era low, with the weekly rate of those rendered newly out-of-work coming closer to pre-virus levels.  The Labor Department released its jobless claims report Thursday. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg: Initial unemployment claims, week ended November 13: 268,000 vs. 260,000 expected and an upwardly revised 269,000 during prior… Source link

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US government could default ‘as soon as mid-December’ without action: Analysts

Treasury Secretary Janet Yellen meets with President Joe Biden to discuss the federal debt limit in October. (Chip Somodevilla/Getty Images) On Tuesday, Treasury Secretary Janet Yellen set Dec. 15 as the latest deadline for when the U.S. could default on government debt. Today, an independent group of analysts at the Bipartisan Policy Center (BPC) have confirmed the deadline, projecting a debt limit “X Date” of when the U.S. will no longer be able to pay its bills as a possibility… Source link

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