An increasing number of Democratic presidential candidates are calling for tougher scrutiny of Facebook. Former Vice President Joe Biden told the Associated Press on May 13 that breaking up the social-media company is"something we should take a really hard look at," echoing comments made by U.S. Senator Kamala Harris of California.
U.S. Senator Bernie Sanders praised an opinion piece by Facebook co-founder Chris Hughes, who wrote an op-ed in the New York Times on May 9 arguing that Chief Executive Mark Zuckerberg has too much power and that his firm should be broken up. Senator Elizabeth Warren has already released a plan to dismantle Facebook and other tech giants like Amazon and Google parent Alphabet.
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Pinterest plunges after earnings but Wall Street analysts are sticking with the stockWall Street analysts are sticking by the stock in the wake of the company's big miss. For how long? It’s not profitable and it hasn’t proven it will become profitable.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks bounce back as trade rhetoric coolsU.S. stocks on Tuesday reclaimed some of the ground lost in the prior day's... Anyone else think Trump's China talk is designed to shape the market so that Trump and Co. can make some quick cash? We will never know. Olha o itau na capa
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Wall St. pressured as Huawei fallout worries spark tech sell-offShares of chipmakers plunge amid worries the suppliers of Huawei may suspend shipments to the Chinese telecom giant via ReutersTV TV TV mozzeph
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Andrew Yang says big tech companies would be 'well served' if broken upDemocratic presidential candidate Andrew Yang says big technology conglomerates like Facebook, Google and Amazon would be 'well served' if broken up into smaller companies as some of his Democratic opponents have proposed. Google IS the government Is it better that one large and corrupt team of software engineers can access our DMs and see our junk, or multiple smaller ones? Only time will tell. He does not have the right to dictate how other people run their companies. He does not have the right to dictate how other people do anything.
Source: ABC - 🏆 471. / 51 Read more »
Wall St. slides as Huawei fallout hits tech sharesU.S. stocks fell as Washington’s crackdown on China’s Huawei stoked fears about a hit to the broader technology sector via ReutersTV And US tech will fill the vacancy and increase in value.. Buy American tech stocks It is a temporary disruption, and a stalling time for a new order is necessary. This news ...Hmmm
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EU presidential candidate Vestager wants global push on digital taxesThe competion commissioner has already issued big fines to tech firms over antitrust concerns. When they are good. They never needed taxes. Now they know they was so stupid didn't collect taxes before. Ha ha. Too late to change but better than nothing. Of course they do. Their running out of people to tax.
Source: CNBC - 🏆 12. / 72 Read more »
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'The winner's curse': 3 reasons why the stock-market dominance of Facebook, Google, Amazon, and the rest of the mega-cap tech elite may soon be overOne Wall Street expert lays out a compelling case for why the sheer and utter dominance of the stock market's tech elite could be on its last legs.
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