Tag Archives: tech

Tech stocks have plummeted in 2022 so far

Amazon is among the big tech stocks losing ground so far this year. (Source: AP) Stock market-listed technology companies the world over have seen their share prices plummet in the first few weeks of 2022, as concerns over rising inflation scare off investors. The NASDAQ 100 Technology index, which includes gigantic names like Apple, Microsoft and Google’s owner Alphabet, shed 12 per cent of its value in the first 21 days of 2022. The unusually sluggish start to the year for technology stocks… Source link

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Google U.S. lobbying jumps 27% as lawmakers aim to rein in Big Tech

The logo for Google LLC is seen at their office in Manhattan, New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly WASHINGTON, Jan 20 (Reuters) – Alphabet Inc’s (GOOGL.O) Google reported 27% higher U.S. lobbying expenditures for 2021 compared to 2020, spending $9.6 million for the year, according to the Senate lobbying disclosure database. That’s far below the more than $20 million it spent in 2018 but more than the $7.53 million that went to lobbying in 2020. Google spent… Source link

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Fox News host Dan Bongino suspended on YouTube over COVID-19 misinformation – Yahoo Tech

Fox News host and right-wing commentator Dan Bongino won’t be able to upload anything to his YouTube channel for a week, according to Forbes and The Hill. The website has temporarily suspended his account over COVID-19 misinformation, specifically for saying masks are useless in preventing the coronavirus’ spread. YouTube updated its rules in 2020 to prohibit “content about COVID-19 that poses a serious risk of egregious harm.” It doesn’t permit videos with medical misinformation that… Source link

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Stock futures edge higher after tech selloff

Stock futures rose Thursday evening to steady after a tech-driven selloff during the regular trading day. Contracts on the Nasdaq gained after the Nasdaq Composite sank by 2.5% during the earlier session.  Investors this week have been weighing concerning signs of lingering price pressures across the U.S. economy against assertions from key central bank officials that the Federal Reserve is ready to take action to bring down inflation.  In Fed Governor Lael Brainard’s hearing before the… Source link

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Big Tech has an IP piracy problem – TechCrunch

Adam Mossoff is a patent law expert at George Mason University who has testified before Congress on the STRONGER Patent Act and a senior fellow at the Hudson Institute. The U.S. International Trade Commission ruled on January 6 that Google infringed Sonos’ patented innovations in wireless speaker technology. This may sound like an obscure legal ruling about a complicated fight over intellectual property. But it confirms a problem that threatens America’s innovation… Source link

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Apple's Tim Cook made $98M in 2021 — how that compares to other tech CEOs – Yahoo Finance

Apple (AAPL) CEO Tim Cook is flush with cash. The head of the world’s first company to reach a $3 trillion market cap took home a staggering $98.7 million in stock and cash in 2021. That’s a 571% increase in his compensation compared to 2020. Cook, of course, has seen Apple through a slew of firsts including hitting a market cap of $1 trillion in 2018. Oh, and he also oversaw the release of everything from new versions of the Apple Watch to the company’s expansion into streaming… Source link

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Google in last-ditch lobbying attempt to influence incoming EU tech rules

Google is making a last-ditch effort to change the EU’s incoming laws on Big Tech with a flurry of advertising, emails and targeted social media posts aimed at politicians and officials in Brussels. As EU policymakers put the finishing touches to the Digital Markets Act (DMA), executives at Google’s headquarters in Silicon Valley are stepping up their efforts to water down parts of the legislation that they fear may have a severe impact on their business. “Top executives in… Source link

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Big tech is selling off, with households more exposed than ever

Tech and internet stocks came up for air on Monday afternoon amid a recent sell-off in high growth stocks. The declines came amid a rising 10-year treasury yield (^TNX).  Microsoft (MSFT) ended the session flat after being down earlier this morning. The stock is down more than 6% over the last five session.  Amazon ended .66% lower, recuperating much of the earlier morning losses. The stock had declined more than 3% on Monday, reaching intraday levels it hasn’t seen since May. Alphabet ( Source link

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