Tag Archives: Reiterates

Google reiterates: CCI is ‘bad’ for Android smartphone users in India

Google reiterates: CCI is ‘bad’ for Android smartphone users in India

Google recently approached the Supreme Court against the Rs 1,337 crore fine imposed by the Competition Commission of India (CCI) on the tech giant for misusing its dominant position in the Android ecosystem. The company has been arguing that the move by the antitrust watchdog will not only stall Android growth in India but also hurt consumers by endangering their device’s security. To further highlight its case, Google has listed how CCI order risks safety, affordability and more of the… Source link

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SEC Chair Gensler reiterates concern over investor protection, despite bitcoin ETF optimism

The hot demand for investment securities linked to bitcoin does not appear to be moving the U.S. Securities and Exchange Commission’s stance toward other products more directly linked to the cryptocurrency. SEC Chair Gary Gensler said he still has concerns about investor protection in the $2.5 trillion market for crypto assets. “Investors aren’t protected the way they are, whether they go into the stock or bonds markets that we’ve overseen so long,” said Gensler at Yahoo Finance’s… Source link

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Crypto analyst who called ethereum’s climb to $3,400 reiterates a $10,000 call

Despite pulling back a bit from its all-time high earlier this year, ethereum (ETH-USD) still has a shot to hit $10,000 by year’s end, according to one analyst who has been right so far this year.  Magnetic Managing Director Megan Kaspar, who called ether’s tripling to top $3,000 back when it was still closer to $1,000 in January, told Yahoo Finance Friday that the second-largest cryptocurrency by market cap could still hit her $8,000 to $10,000 price target in 2021. “Investors are still… Source link

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Sofi Tanks as it Posts Higher Than Estimated Q2 Loss; Reiterates Outlook

By Dhirendra Tripathi Investing.com – SoFi Technologies stock (NASDAQ:SOFI) slumped 14% Friday after a second quarter loss that was wider than expected. The fintech reiterated its 2021 outlook. For the full-year, it forecasts adjusted net revenue of $980 million and adjusted earnings before interest, taxes, depreciation and amortization of $27 million. The company has already logged $453.25 million in revenue in the first six months of the year. Its second-quarter adjusted net revenue jumped… Source link

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