India’s competition watchdog on Jan. 7 ordered a probe into Alphabet Inc, the parent company of Google, over complaints that the company has allegedly “abused its dominant position” in news aggregation and imposed “unfair conditions” on news publishers. “In a well-functioning democracy, the critical role played by news media cannot be undermined, and it needs…
India Orders Probe Into Google Over Alleged ‘Abuse of Dominant Position’ in News Aggregation
Wall Street Set for Weaker Start After Mixed Payrolls Data
January 7, 2022
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LONDON—Wall Street headed for a lower start on Friday as investors sought to interpret a ‘mixed bag’ of payrolls numbers before the final session of a rollercoaster first trading week of the year. U.S. employment rose by a less-than-expected 199,000 jobs last month as the impact of a resurgent pandemic bites, well below the 400,000…
New York Times Acquiring Subscription-Based Sports Site The Athletic in $550 Million Cash Deal
The New York Times Company is set to acquire subscription-based sports site The Athletic, the company announced on Thursday. In a statement announcing the deal, the Times said it was acquiring The Athletic for an all-cash purchase price of $550 million and expects to close the deal in the first quarter of 2022. The Athletic, which was founded…
Stocks of Trump SPAC Digital World Acquisition Corp Soar After Social Media App Set to Launch Feb. 21
January 7, 2022
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Big Tech, Censorship, and SocialismBusiness & EconomyCompaniesDonald TrumpFeatured TopicsMedia & Big TechSocial MediaTrumpTruth SocialUSUS News
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Shares of the company which is taking former President Donald Trump’s social media platform public rose nearly 20 percent on Thursday after a listing on Apple’s app store showed an expected start date of Feb. 21—the U.S. Presidents’ Day holiday. Trump Media and Technology Group and Digital World Acquisition Corp., a Special Purpose Acquisition Vehicle (SPAC), announced in October…
Stocks of Trump SPAC Digital World Acquisition Corp Soar After Social Media App Sets Launch Date
January 7, 2022
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Big Tech, Censorship, and SocialismBusiness & EconomyCompaniesDonald TrumpFeatured TopicsMedia & Big TechSocial MediaTechTrumpTruth SocialUSUS News
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Shares of the company which is taking former President Donald Trump’s social media platform public rose nearly 20 percent on Thursday after a listing on Apple’s app store showed an expected start date of Feb. 21—the U.S. Presidents’ Day holiday. Trump Media and Technology Group and Digital World Acquisition Corp., a Special Purpose Acquisition Vehicle (SPAC), announced in October…
Jefferies Bumps Up Price Target on This Tech Giant by 7%; Remains Bullish
Jefferies analyst Brent Thill raised the price target on Microsoft Corp. to $400 from $375 and kept a Buy rating on the shares. The price target implies a 26.7 percent upside. Despite a “massive 39 percent outperformance” versus the iShares Expanded Tech-Software Sector ETF in 2021 from Microsoft, he continues to see the potential in the stock as valuation…
Macquarie Slashes Price Targets on Disney, Viacom, Fox, AMC, Comcast as ‘Streaming Wars Go Global’
Macquarie analyst Tim Nollen lowered the price target on multiple media network companies. Nollen lowered the price target on The Walt Disney Co. to $185 from $195 and kept an Outperform on the shares. Nollen lowered the price target on ViacomCBS Inc. to $32 from $40 and kept a Neutral. Nollen lowered the price target on Fox Corp. to $37 from $40…
New York Times Accused of Illegal Interference with Union Activism
The New York Times has been accused of illegal interference in employees’ union activism, according to a legal complaint by federal labor officials. In a complaint dated Dec. 29th, an acting director of the National Labor Relations Board (NLRB) alleged that members of The New York Times management told employees during a Zoom call last…
France Fines Google, Facebook Millions Over Tracking Consent
LONDON—French regulators on Thursday fined Google and Facebook a total of more than 200 million euros ($226 million) for not making it as easy for people to opt out of online tracking as it is for them to accept it. The CNIL data privacy watchdog said its investigations found that while the U.S. online giants…
Facebook-Owner Meta Sets out Grounds for UK Appeal on Giphy
LONDON—Facebook-owner Meta has applied to appeal a British competition watchdog ruling that it must sell Giphy on grounds that include challenging the finding that the deal removed a potential competitor in display advertising. Meta said last month it had lodged an appeal against the decision by the Competition and Markets Authority (CMA) to block its…
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