Spotify has said it has no plans to “silence” its top-rated podcaster Joe Rogan or remove him from its platform after a heavily edited video compilation surfaced over the weekend that showed him saying the “N-word” several times. “There are no words I can say to adequately convey how deeply sorry I am for the way ‘The…
Spotify Has No Plans to ‘Silence’ or Drop Joe Rogan After Edited Video Compilation Shows Him Saying N-Word
February 7, 2022
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Meta Says It Might Have to Pull Facebook and Instagram in Europe Over Data Transfer Rules
February 7, 2022
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Meta, formerly known as Facebook, might have to entirely stop operating Instagram and Facebook in Europe, the company warned in its filings with the U.S. Securities and Exchange Commission. The EU has strict data protection requirements regarding the transfer of personal data from Europe to the United States and in 2016, the EU and United States agreed…
Australian Government Ends Funding Freeze for Public Broadcasters ABC and SBS
February 6, 2022
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The Australian government has ended its $84 million (US$59.4 million), three-year funding freeze of the country’s two public broadcasters in the run-up to the next federal election. Communications Minister Paul Fletcher made the surprise announcement on Feb. 7, which will unlock $4.2 billion (US$2.8 billion) of extra funding until 2025. Fletcher, however, cautioned the Australian…
Here’s Why Analysts Are Bullish on Amazon Post-Q4
Analysts bumped up price targets on Amazon.com Inc. following fourth-quarter results. Piper Sandler analyst Thomas Champion raised the price target to $3,900 from $3,875 (40.4 percent upside) and reiterated an Overweight rating. The headline results were mixed with revenue 1 percent below Piper’s forecast and EBITDA better. However, the analyst notes that Web Services growth…
Facebook-Owner Meta Says It Will Pay New $2 Million UK Fine
LONDON—Britain’s competition regulator said on Friday it had fined Facebook-owner Meta 1.5 million pounds ($2 million) over fresh issues regarding its purchase of Giphy, a sanction that the U.S. firm said it would accept. Britain’s Competition and Markets Authority (CMA) has taken a tough line with major tech groups in recent years, investigating their dominance…
Apple, Broadcom Win New Trial in $1.1 Billion Caltech Patent Case
A U.S. appeals court on Friday rejected a jury verdict ordering Apple Inc. and Broadcom Inc. to pay $1.1 billion to the California Institute of Technology for infringing its Wi-Fi technology patents, and ordered a new trial on damages. The U.S. Court of Appeals for the Federal Circuit said the January 2020 award by the…
Google to Work With Ford on Detroit Research Hub
DETROIT—Ford Motor Co. announced Friday that Google is joining the automaker’s effort to transform a once-dilapidated Detroit train station into a research hub focused on electric and self-driving vehicles. Also, Detroit and the state of Michigan have agreed to provide infrastructure and other support for the Michigan Central Innovation District that will include the defunct…
This Day in Market History: Mark Zuckerberg Launches Facebook
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On Feb. 4, 2004, Mark Zuckerberg launched Facebook Inc. Where Was the Market? The S&P 500 was trading at 1,126.52 and the Dow Jones Industrial Average was at 10,470.74. What Else Was Going On in the World?…
Judge Dismisses Lawsuit over Apple iPhone Water Resistance Claims
NEW YORK—A federal judge on Wednesday dismissed a proposed class-action lawsuit accusing Apple Inc. of misleading consumers about how resistant its iPhones are to water exposure. Apple’s advertisements had made various claims about the iPhone’s resistance to damage when submerged or otherwise exposed to water, including that some models could survive depths of 4 meters…
Snap Shares Surge After First-Ever Quarterly Profit
Snap Inc. saw its shares surge by nearly 60 percent after the company reported its first-ever quarterly profit, defying analysts’ predictions that the messaging platform would post another loss. The California-based company said in a Feb. 3 earnings report that its fourth-quarter profit was $22.6 million, or 1 cent per share. The report came as…
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