Tag Archives: Big

After a controversial new social media law went into effect Wednesday in Texas, the Supreme Court began weighing Big Tech’s emergency request to put it on hold as the tech industry fights the legislation. Texas statute HB 20 requires large platforms like Twitter (TWTR), Meta’s Facebook and Instagram (FB), TikTok, and YouTube (GOOG, GOOGL) to publish all user posts that express a “viewpoint.” Their industry lobbyists are challenging the statute on First Amendment and other grounds, and… Source link

Wells Fargo thinks this one asset may be ‘the next big play’ — for nervous investors, it could also serve as a much-needed safe haven According to Wells Fargo, the rest of 2022 looks good for the price of gold. Thanks to hot inflation, geopolitical uncertainty and a crashing stock market, the banking giant sees gold as the next big opportunity for investors — particularly in relation to bitcoin. “On the store-of-value front, bitcoin has been getting much of the attention lately, but we… Source link

Even pizza prices are headed higher amid elevated inflation. Papa John’s said this week that the company increased prices 7% in the first quarter to help offset inflationary pressures. Despite the price increase, Papa John’s still saw North America same-store sales gain 1.9%. “We have got great demand for our products [and] positive comparable sales in the first quarter despite the most challenging operating environment we have ever seen,” said Papa John’s CEO Rob Lynch on Yahoo Finance Live… Source link

Adreian Payne, the former Michigan State big man and 2014 first-round pick of the Atlanta Hawks, has died at age 31. According to a press release from the Orange County Sheriff’s Office in Orlando, Fla., Payne was shot early Sunday morning and was pronounced dead on arrival at a local hospital. The alleged shooter, Lawrence Dority, stayed at the scene of the crime and cooperated with police. After questioning, he was arrested and jailed on a charge of first-degree murder. Payne, originally… Source link

In Q1 2022, Meta’s (FB) metaverse business — known as Reality Labs — operated at a loss of nearly $3 billion, causing skepticism in the market about whether the metaverse truly has a place in the digital future. Meta CEO Mark Zuckerberg noted that costs in the present are “laying the groundwork” for this technology to hit the mainstream. In spite of the skepticism, Qualcomm (QCOM) CEO Cristiano Amon agrees that the best has yet to come for metaverse adoption and investment. “It’s… Source link

(Bloomberg) — U.S. stocks rose as dip-buyers emerged ahead of a busy week for Big Tech earnings. Most Read from Bloomberg The S&P 500 gained in a choppy afternoon session, while the tech-heavy Nasdaq 100 climbed more than 1%. Twitter Inc. extended gains after billionaire entrepreneur Elon Musk agreed to buy the social networking platform. Alphabet Inc., Apple Inc., Amazon.com Inc. and Meta Platforms Inc. are all due to report. “This week may easily be a fork in the road of equities,” JC… Source link

The pharmaceutical industry has drawn strong criticism over the past decade for driving up the prices of prescription drugs. Although Big Pharma executives and supporters argue that these price hikes are necessary in order to sustain research and development (R&D), i.e. innovation to help the development of new medications, not everyone agrees with that rationalization. According to Rep. Katie Porter (D-CA), the money from increased pricing isn’t being used for the right reasons. “The facts… Source link

TikTok’s massive popularity is shaping trends among social media companies, including Snap (SNAP), which reported earnings last week, said Ygal Arounian, an analyst at Wedbush (video above). “Snap and the others are moving kind of further deeper into this creator economy world, which TikTok has done a great job capturing,” he said. “So there’s a lot of focus on creating platforms that are similar to TikTok. Copycatting TikTok is a big trend right now.” Snap’s earnings were mixed…. Source link

At the New York Auto Show this week, car fans, journalists, and industry watchers were treated to a feast for the eyes, with all the new car designs and plush interiors on display. Under the skin of these cars, however, is a different beast — and it’s not the engine. It’s all the data these cars generate. McKinsey estimates a car produces around 25 gigabytes of data per hour, which is an astounding amount. And this data is worth big money. “The car has really turned into a modern… Source link

Google is testing some significant changes to featured snippets. Both will give searchers a more diverse set of sources in the coveted featured snippet position.  From the web. A typical featured snippet features text from, and a link to, one website. In this From the web test, Google shows brief excerpts from two or three different websites, linking to each source separately. Google also includes the site’s favicon. Here’s an example screenshot (shared via Twitter by @vladrpt):  Other… Source link