Tag: Media & Big Tech

Big Tech Bill Approved by Senate Panel Despite Opposition From Lobbyists

January 22, 2022
Big TechBusiness & EconomyCompaniescongresseconomyMedia & Big TechPoliticsTechTech NewsUSUS Congress
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The U.S. Senate Judiciary Committee on Jan. 20 voted 16-6 to move forward with a bill that defies the powerful lobbyists of Silicon Valley, including pleas from top executives like Apple Chief Executive Tim Cook. If passed, the proposed bill would bar tech giants like Amazon.com from giving preferential treatment to their products. The approval of…

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Big Tech Bill Approved by Senate Panel Despite Lobbyists’ Opposition

January 22, 2022
Big TechBusiness & EconomyCompaniescongresseconomyMedia & Big TechPoliticsTechTech NewsUSUS Congress
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The U.S. Senate Judiciary Committee on Jan. 20 voted 16-6 to advance legislation that would bar tech giants such as Amazon.com from giving preferential treatment on platforms they own to their products and services, in defiance of powerful Silicon Valley lobbyists and pleas from top executives such as Apple CEO Tim Cook. The approval of the American…

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Google Asks Judge to Dismiss Most of Texas Antitrust Lawsuit

January 22, 2022
antitrustBusiness & EconomyCompaniesGooglelawsuitLocal NewsMedia & Big TechRegional-Local NewsTexasUSUS News
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WASHINGTON—Alphabet Inc.’s Google asked a federal judge on Friday to dismiss the majority of an antitrust lawsuit filed by Texas and other states that accused the search giant of abusing its dominance of the online advertising market. Google said in its court filing that the states failed to show that it illegally worked with Facebook,…

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More Than 300 Twitter Accounts Suspended for Promoting Philippines’ Presidential Front Runner

January 22, 2022
Asia & PacificBusiness & EconomyCompaniesFerdinand Marcos JrMedia & Big Techthe philippinesWorld
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Twitter on Friday suspended over 300 accounts linked to Philippines presidential election candidate Ferdinand Marcos Jr’s support network, following an investigative report by local media alleging that Marcos-related accounts and hashtags were dominating the platform. Veteran politician Marcos, 64, popularly known as “Bongbong,” is the son of the late dictator overthrown in a 1986 “people…

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Google Launches Fresh Appeal to Overturn $2.8 Billion Fine at Top EU Court

January 22, 2022
appealBusiness & EconomyCompaniesEuropeGoogleMargrethe VestagerMedia & Big TechSocial MediaTechTech NewsWorld
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Google is filing an appeal at the European Union’s top court against an earlier decision to uphold a $2.8 billion (2.47 billion euros) antitrust fine, a spokesperson for the Alphabet unit said late on Thursday, the company’s second bid to overturn the penalty. EU Competition Commissioner Margrethe Vestager fined the world’s most popular internet search engine…

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Twitter Debuts Hexagon-Shaped NFT Profile Pictures

January 22, 2022
Business & EconomyCompaniesMedia & Big TechNFTSocial MediaTechTwitter
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PALO ALTO—Twitter Inc. on Thursday announced the launch of a tool through which users can showcase non-fungible tokens (NFTs) as their profile pictures, tapping into a digital collectibles craze that has exploded over the past year. The feature, available on iOS to users of the company’s Twitter Blue subscription service, connects their Twitter accounts to…

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Twitter Says Two Security Team Leaders Leaving Company

January 22, 2022
Business & EconomyCompaniesMedia & Big TechsecurityTechTech NewsTwitter
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Twitter Inc. said on Friday its head of security is no longer at the company and its chief information security officer will depart in the coming weeks. The shakeup comes after Twitter co-founder Jack Dorsey stepped down as chief executive in November, handing the reins to top deputy Parag Agrawal, who has since reorganized the…

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Francisco Partners to Buy IBM’s Healthcare Data and Analytics Assets for Undisclosed Sum

January 21, 2022
AcquisitionBusiness & EconomyCompaniesIBMMedia & Big Tech
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Francisco Partners agreed to acquire healthcare data and analytics assets from International Business Machines Corp. that are currently part of the Watson Health business. The financial terms of the transaction remain undisclosed. Francisco Partners is a global investment firm specializing in partnering with technology businesses. The assets acquired by Francisco Partners include extensive and diverse data sets and…

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Here’s Why Wells Fargo Bumped Up Apple’s Price Target by 24 Percent

January 21, 2022
appleBusiness & EconomyCompaniesInvestmentMarketsMedia & Big Techstockstocks
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Wells Fargo analyst Aaron Rakers raised the price target on Apple Inc. to $205 from $165 and reiterated an Overweight rating on the shares ahead of Apple’s earnings on January 27. The price target implies an upside of 24.6 percent. Rakers increased Q1 revenue/EPS estimates to $117.8 billion/ $1.85 from $116.4 billion/$1.83. Rakers expects a focus on…

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Bears Grab Ahold of Amazon Stock as Market Falls Into Turmoil: What’s Next?

January 21, 2022
AmazonBusiness & EconomyCompaniesInvestmentMarketsMedia & Big Techstockstocks
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Amazon.com Inc. gapped down under a key psychological upper level at the $3,000 mark on Friday morning and then slid about 3 percent lower before bouncing temporarily and dropping toward the low-of-day again. The tech giant has plummeted almost 10 percent this week and is down more than 21 percent off its all-time high of $3,773.08….

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