The stock market saw an overall plunge on Friday after a discouraging November jobs report coupled with COVID-19 Omicron variant concerns. Technology stocks were among the most notable losers on Friday as Tesla Inc. fell 6.4 percent. With that, Tesla CEO Elon Musk’s net worth fell by $15.2 billion. That leaves Musk’s fortune at $268.9…
Elon Musk’s Wealth Declines by $15B as Tech Stocks Plunge
December 5, 2021
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AMERICABusiness & EconomyCCP VirusCompanieseconomyElon MuskInvestmentLocal NewsMarket WatchMarketsMedia & Big TechNorthern CaliforniaRegional-Local NewsstocksTechUSUS NewswealthWorld
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Grab’s Nasdaq Debut Highlights Mixed Views on Southeast Asia’s Startup Scene
December 5, 2021
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Asia & PacificBusiness & EconomyCompaniesgrabInvestmentMarketsMedia & Big TechSingaporeSoutheast AsiaWorld
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Singapore-based tech company Grab’s shares have tumbled more than 30 percent since it was first traded on the Nasdaq on Dec. 2, 2021. Reaping proceeds of $4.5 billion, its high-profile debut on the Nasdaq attracted much attention, marking the largest U.S. public listing by a company from Southeast Asia. The listing came after Grab agreed…
Trump Says Investors Will Invest $1 Billion in His Social Media Group
December 4, 2021
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Business & EconomyCompaniesDonald TrumpMedia & Big TechPatrick OrlandoSocial MediaTechTech NewsUSUS News
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Former President Donald Trump has secured agreements from investors for $1 billion as he works to establish a social media platform to rival the Big Tech companies that deplatformed him. Trump announced Saturday that the pledges from unnamed investors will turn into investments once Digital World Acquisition Corp., a blank-check firm, and the social media group…
North Carolina Senate Passes ‘Zuck Bucks’ Bill to End Private Donations to Local Election Boards
December 4, 2021
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2020 Election2022 Midterm ElectionsBusiness & EconomyCenter for Tech and Civic LifeElection IntegrityFeatured TopicsLocal NewsMedia & Big TechNorth CarolinaNorthern CaliforniaPoliticsRegional-Local NewsSocial MediaTechUSUS NewsZuck Bucks
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The North Carolina Senate passed a bill that proposes to ban private funding of state and county election boards. The push for Senate Bill 724, also known as “Zuck Bucks,” came from what some have described as a record amount of private funds flooding into the 2020 election. If the bill is not signed or…
Twitter Slaps ‘Unsafe’ Label on Abstract in American Heart Association Journal
December 4, 2021
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AMERICAAmerican Heart AssociationBusiness & EconomyCCP VirusHealth NewsMedia & Big TechMind & BodyPUBLIC HEALTH INFORMATIONUSUS News
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On Thursday, Twitter applied a warning label to a post of a study abstract from the American Heart Association website AHA Journals that expresses concern over mRNA vaccines and heart disease. The abstract, published Nov. 8, is titled “Abstract 10712: mRNA COVID Vaccines Dramatically Increase Endothelial Inflammatory Markers and ACS Risk as Measured by the…
Narrowing Equity Market Breadth May Signal a ‘Market Top’: BofA
December 3, 2021
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BofABusiness & EconomyBusinesses in COVID-19Companieseconomic policieseconomyequityinflationInflowsInternationalInvestmentLocal NewsmarketMarket WatchMarketsMedia & Big TechNew YorkRegional-Local NewsUSUS NewsWorld
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LONDON—Narrowing equity market breadth, rising volatility, and the prospects of rate hikes are the classic signs of a market top, BofA said in a weekly report on Thursday. Just five of the biggest U.S. technology stocks accounted for 71 percent of the nearly 20 percent gains in U.S stocks, BofA analysts noted of the performance…
Russia Files Court Cases for Fines on Annual Turnover of Google, Meta
December 3, 2021
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MOSCOW—Russia’s state communications regulator Roskomnadzor has filed cases against U.S. tech firms Google and Meta that could see fines imposed on their annual turnover in Russia, a Moscow court said on Friday. Roskomnadzor in October threatened both Alphabet’s Google and Meta’s Facebook with fines based on a percentage of their annual turnover for a repeated…
Facebook Owner Meta Relaxes Rules on Cryptocurrency Adverts
December 2, 2021
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Meta, formerly known as Facebook, updated its ad platform criteria for cryptocurrencies on Wednesday, by expanding the number of accepted regulatory licenses from three to 27, citing an increase in regulations as well as the stability achieved in the industry. “Over the years the cryptocurrency landscape has matured and stabilized and experienced an increase in…
Facebook Could Be Sued by Consumer Groups, EU Court Adviser Says
December 2, 2021
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Business & EconomyconsumereconomyEUEuropeFacebookgamingGermanyLocal NewsMedia & Big TechNorthern CaliforniaprivacyRegional-Local NewsSocial MediasueTechUSUS NewsWorld
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BRUSSELS—Facebook could be sued by consumer groups for privacy violations, an adviser to Europe’s top court said on Thursday, in a German online gaming case that could pave the way for similar action across the EU. The case started in 2012 and is one of several privacy and antitrust headaches facing Facebook in Europe, where…
Chinese State Media Orders US Workers to Maintain ‘Political Purity,’ Not Practice Falun Gong: Internal Document
December 2, 2021
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ArchivedAsia & PacificBusiness & EconomyCGTNChinaChinese RegimeFalun GongMedia & Big TechNewsreligious freedomSpecial Topicsstate mediaUSUS NewsUS-China relationsWorld
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The international arm of the Chinese regime’s state broadcaster ordered some of its contracted American workers to distance themselves from persecuted faith group Falun Gong, an internal document supplied to The Epoch Times shows. The Washington bureau of CGTN, a state-run English language television network, earlier this year instructed several contract workers to pledge to…
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