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France’s data protection regulator, the Commission Nationale de l’Informatique et des Libertés or CNIL, has fined Google and Amazon a total of €135 million (around $163 million) between them for violating the country’s data protection laws. Google was fined a total of €100 million (around $121 million), while Amazon was fined €35 million (around $42 million). In both cases, CNIL’s complaints were similar. It said that in the past, when users visited either company’s… Source link

Food delivery app DoorDash (DASH) hit the public market on Wednesday, and closed the day up 86% from its IPO price of $102. That means a market cap of $72 billion for a seven-year-old startup that lost $667 million in 2019, and lost $149 million in the first nine months of 2020. David Trainer, CEO of market research firm New Constructs, calls it “the most ridiculous IPO of 2020.” Last year, his firm gave that title to the WeWork IPO, which was ultimately shelved. Why ridiculous? Lack of… Source link

Getty Images; Chris Ratcliff | Bloomberg | Getty Images LONDON — France’s data protection regulator, the Commission nationale de l’informatique et des libertés, issued Google and Amazon with substantial fines on Thursday for breaking rules on online advertising trackers, known as cookies. The watchdog ordered Google to pay 100 million euros ($121 million) and Amazon to pay 35 million euros. The CNIL said both companies had breached Article 82 of the French Data Protection Act, with Google… Source link

TipRanks 3 “Strong Buy” Stocks That Could Reach New Highs The markets have been on a tear of late despite the headwinds presented by the novel coronavirus pandemic. The question is how long this will last?Writing from Goldman Sachs, the firm’s chief US equity strategist David Kostin says that the markets will outperform both other investments and analyst expectations over the next two years. He sees the S&P 500 hitting 4,600 by the end of 2022, which would represent a 25% gain.Backing… Source link

Thursday, December 11, 2020 Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe History says stocks can keep going up The stock market’s 2020 plunge and rebound to new record highs has been truly impressive. But it’s also been far from unprecedented. And as investors look ahead to next year, they should keep in mind that further gains would not be unprecedented either. Even with stocks trading near record highs. In a new 2021 market outlook,… Source link

TipRanks 3 “Strong Buy” Stocks That Could Reach New Highs The markets have been on a tear of late despite the headwinds presented by the novel coronavirus pandemic. The question is how long this will last?Writing from Goldman Sachs, the firm’s chief US equity strategist David Kostin says that the markets will outperform both other investments and analyst expectations over the next two years. He sees the S&P 500 hitting 4,600 by the end of 2022, which would represent a 25% gain.Backing… Source link

France’s data protection agency, the CNIL, has slapped Google and Amazon with fines for dropping tracking cookies without consent. Google has been hit with a total of €100 million ($120M) for dropping cookies on Google.fr and Amazon €35M (~42M) for doing so on the Amazon .fr domain under the penalty notices issued today. The regulator carried out investigations of the websites over the past year and found tracking cookies were automatically dropped when a user visited the… Source link

TipRanks 2 Stocks That Are Flirting With a Bottom; Analysts Say ‘Buy’ Investing is all about profits, and part of generating profits is knowing when to start the game. The old adage says to buy low and sell high, and while it’s tempting just to discount cliches like that, they’ve passed into common currency because they embody a fundamental truth. Buying low is always a good start in building a portfolio.The trick, however, is recognizing the right stocks to buy low. Prices fall for a… Source link

While several businesses continue to succumb to an unprecedented pandemic, certain semiconductor companies are seeing strong growth driven by demand in end markets like cloud computing, gaming and PCs. Also, the industry’s growth prospects look strong based on tremendous opportunities in 5G technology, AI and data centers. Shares of chip makers like AMD, Nvidia, Qualcomm and Taiwan Semiconductor have rallied significantly this year. But then, investors are now wondering if there is room for… Source link

Google is launching new vaccine information panels in its search results to counter misinformation and educate people about what’s available in their location, the company announced today. The panels are rolling out starting in the United Kingdom, where the BioNTech/Pfizer vaccine is approved and is being administered, and will be introduced in more countries as local health authorities begin authorizing vaccines. The panels include information on each individual vaccine, and aim to… Source link