BERLIN—Germany’s cartel office said it was examining Google’s use of personal data and its Google News Showcase product under its new powers to regulate internet companies, and was also considering cases involving Amazon, Apple, and Facebook owner Meta. The regulator said on Wednesday it had determined that Google’s owner Alphabet met the scale threshold required…
German Watchdog Puts Google Under Closer Antitrust Scrutiny
January 5, 2022
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LONDON—Germany’s antitrust watchdog paved the way Wednesday for extra scrutiny of Google by designating it a company of “paramount significance,” the first to get that label since regulators got more power to curb abusive practices by big digital companies. The Bundeskartellamt said its decision comes after rules were introduced last year that allow it “to…
Dr. Robert Malone, After Twitter Ban, Has ‘No Choice but to Carry On’
January 5, 2022
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Dr. Robert Malone, a virologist and immunologist who has worked on the development of mRNA vaccines, reacted to recent bans handed down by Twitter and LinkedIn. “I felt compelled by my own ethics, that I needed to speak about what I was observing,” Malone told EpochTV’s “American Thought Leaders” program on Wednesday in reference to…
Read Why This Fund Manager Sees ViacomCBS Cheaper Compared to Netflix, Roku
Satori Fund founder and portfolio manager Dan Niles contended that ViacomCBS Inc., which currently trades at 8x CY22 PE, is “incredibly cheap compared to streaming leaders” Netflix Inc. and Roku Inc. These streaming leaders are growing their streaming revenues slower than VIAC yet fetch much higher multiples. In addition to VIAC’s asymmetric growth versus valuation profile, VIAC’s $1.1 billion…
Bloomberg Media CEO Justin Smith Steps Down
Bloomberg Media Chief Executive Officer Justin Smith is stepping down, effective immediately, to start a new media firm, Smith wrote in a tweet on Tuesday. “After 8 years at Bloomberg Media, and more than 25 years in quality journalism, I’ve decided to pursue a personal dream, and a market opportunity, to launch a new kind…
Rep. Marjorie Taylor Greene Says Facebook Censoring Her After Twitter Ban
January 4, 2022
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Rep. Marjorie Taylor Greene (R-Ga.) on Monday alleged Facebook censored her personal account after she was banned by Twitter. According to screenshots of Facebook’s messages to her, it appears that Facebook prevented Greene from posting or commenting for 24 hours. “Facebook has joined Twitter in censoring me. This is beyond censorship of speech,” Greene said…
Treasury Office Settles With Airbnb For Violating Cuban Embargo
January 4, 2022
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The U.S. Treasury Department has reached a settlement with Airbnb for apparent violations of sanctions against Cuba by the company that included unauthorized processing of payments and failure to maintain specific Cuba-related records. Airbnb agreed to remit $91,172.29 and settle its potential civil liability with the U.S. Department of the Treasury’s Office of Foreign Assets…
Apple Becomes First Company to Hit $3 Trillion Market Value, Then Slips
Apple Inc. on Monday became the first company to hit a $3 trillion stock market value, before ending the day a hair below that milestone, as investors bet the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and virtual reality. On the first day of trading in…
Facebook Reverses Course After Backlash for Permanently Locking Account of Conservative Children’s Book Publisher
January 4, 2022
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Facebook on Monday allowed a children’s book publisher access to its account after claiming it was permanently blocked from the social media platform. Facebook told Heroes of Liberty, the publishing company, that because of the “disruptive content” they posted, the account was locked for good. But Andy Stone, a communications officer for Facebook parent company…
Nunes Formally Resigns From Congress to Lead Trump Media Group
January 3, 2022
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Rep. Devin Nunes (R-Calif.) officially put forward his long-anticipated resignation on Monday after he announced his intention in December to help lead former President Donald Trump’s new media platform. The next step in Nunes’s career will be as the CEO of Trump Media and Technology Group (TMTG), an organization founded by Trump in February 2021 with…
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