Digital media war heats up: More countries could target Facebook, Google over news

Facebook has turned the news back on. In Australia, the websites that were previously blocked by Facebook are now accessible and sharable once again. But the battle involving social networks and news is just beginning. Last week Australia’s government passed a law this week that offered a glimpse at the future for Facebook and media consumers around the world. The News Media Bargaining Code, passed Wednesday, effectively forces big tech platforms to pay publishers for news… Source link

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SOS Limited Responds to Misleading “Short and Distort” Allegations

QINGDAO, China, March 1, 2021 /PRNewswire/ — SOS Limited (NYSE: SOS) (the “Company” or “SOS”) was recently attacked by short sellers with distorted, misleading, and unsubstantiated claims regarding the Company. The Company also believes certain social media accounts of some Company board members may have been impersonated or disabled for short periods of time. The Company believes these attacks were purposefully designed to manipulate the price of the Company’s shares, with the aim of… Source link

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SPACs turn to ‘stonks’ as amateur traders take on more risk

By Joshua Franklin and Krystal Hu (Reuters) – For Jonny Coreson, $4 billion is worth $5 billion. The 32-year-old test prep business owner from Denver invested $100,000 in shares of veteran hedge fund manager Bill Ackman’s special purpose acquisition company (SPAC), Pershing Square Tontine Holdings Ltd, after they soared 25% in December with no imminent deal in sight. This valued the blank-check acquisition firm at $5 billion, when on paper it was worth only the $4 billion it had raised in an… Source link

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Facebook and Google are prolonging the pandemic

Created by well-funded anti-vaccine groups and spread by misguided but dedicated activists on social media, vaccine misinformation could lengthen the COVID-19 pandemic and literally kill people. The First Amendment prevents governments from silencing speech, but it doesn’t compel private companies to enable, promote and support harmful speech: Nobody is owed a social media service. Social media companies must limit anti-vaccine groups’ power to harm people through their services. For… Source link

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Bitcoin at ‘Tipping Point’ as Institutions Come on Board

Bitcoin is at the “tipping point of its existence” thanks to large institutional investment and growing regulatory groundwork, according to a new report by Citi obtained by CoinDesk. While the perception of the cryptocurrency varies greatly, it is undoubtedly the inspiration for a blockchain-based economy and has created a new decentralized cryptocurrency market, according to the paper by Citi Global Perspectives and Solutions (GPS), the bank’s “thought leadership” arm. Citi… Source link

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Yahoo Japan operator, Line merge to take on foreign tech giants

Z Holdings Corp., operator of Yahoo Japan online services, and messaging app provider Line Corp. merged on Monday to expand their online services globally as they aim to better compete with U.S. and Chinese tech giants. With a combined user base of about 150 million in Japan, the merger of Z Holdings, a SoftBank Group Corp. subsidiary, and Line will make it one of the biggest information technology companies in the country. Kentaro Kawabe (L), president of Z Holdings… Source link

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The truth about Warren Buffett’s investment track record : Morning Brief

Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, March 1, 2021 Warren Buffett has had years of underperformance and a lot of bad stock picks Warren Buffett, the billionaire head of Berkshire Hathaway (BRK-A, BRK-B), will probably go down as the greatest investor in history. For more than half a century, he’s been responsible for the performance of Berkshire and its legendary stock portfolio, which have long track records of… Source link

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Bitcoin rises 6% as risk assets rally; Citi says at a "tipping point" – Yahoo Finance

The New York Times Sexual Harassment Claims Against Cuomo: What We Know So Far Gov. Andrew M. Cuomo of New York is confronting one of the most tumultuous moments of his three terms in office after two women who once worked for his administration accused him of sexually harassing them. Under immense public and political pressure, the governor’s office asked the state attorney general to appoint someone to conduct an outside investigation into the sexual harassment claims against Cuomo, a… Source link

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Google Workspace Announces Innovations to Enhance Collaboration Equity in Hybrid Future of Work

SUNNYVALE, Calif., March 1, 2021 /PRNewswire/ — Google Workspace today launched new tools and features to help users make the most of their time, collaborate equally, and deliver more impact—wherever they are. According to Gartner, 90% of survey respondents plan to allow employees to work remotely at least part of the time, even after the Covid-19 vaccine is widely adopted. The future of work has many organizations implementing a hybrid work model, or a mix of both at-home and… Source link

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