The tech space has spearheaded the market sell-off seen since the start of the year, as evident from the more than 20 percent drop for The Invesco QQQ Trust in the year-to-date period. A host of negative catalysts have worked in unison to plot the downfall of this market-leading sector. It now appears that the negative…
Tech Under Pressure? Samsung Warns of Macro Risks Persisting Through the Year
Apple Predicts Lower Q3 Performance Owing to Supply Constraints, Material Shortages
April 30, 2022
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apple shareBusiness & EconomyCompaniesGlobal supply chain disruptionMedia & Big TechTechTech NewsTim CookUS
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Tech giant Apple is predicting a slump in performance for its fiscal Q3, 2022 term ending in June even as the company showcased better results, on a yearly basis, during the second quarter. Apple said its forecast is based on persistent global supply chain disruptions. “We believe our year-over-year revenue performance during the June quarter…
FBI Accused of Doctoring Evidence in Child Sex Trafficking Case
A convicted child sex trafficker has accused the FBI of doctoring evidence in his case, which is under appeal. Keith Raniere, the former leader and founder of NXIVM, was sentenced to 120 years in October 2020 after a federal jury found him guilty of sex trafficking, forced labor conspiracy, and racketeering. Raniere’s alleged crimes have been the subject of multiple…
Elon Musk Says Democratic Party Has Been ‘Hijacked by Extremists’
Elon Musk drew criticism from left-wing Twitter users after he posted that the Democrat Party has been “hijacked by extremists.” On Thursday, Musk posted a meme image that showed a timeline from 2008 to 2021. The picture showed both conservatives and liberals were near the center of the political spectrum, with Musk depicting himself slightly…
Roger Stone Says He Was Banned Again From Twitter After Creating New Account
April 29, 2022
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Big Tech, Censorship, and SocialismBusiness & EconomyCompaniesFeatured TopicsMedia & Big TechRoger StoneSocial MediaTechTwitterUSUS News
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Roger Stone says he was banned again from Twitter after reappearing on the social media website following an announcement that Elon Musk would purchase the company. “Well [expletive] I’m back on Twitter,” Stone wrote on Telegram on Thursday morning. “I’m anxious to see how strong Elon Musk’s commitment to free speech is.” A Daily Beast article…
Amazon Declines to Describe Search-Algorithm Data: Australian Regulator
SYDNEY—Amazon.com Inc. has declined to describe its product-search system to an Australian competition regulator that has heard complaints of large marketplace platforms giving preference to in-house wares. The company’s withholding of the information sets the scene for a possible repeat of Australia’s 2021 showdown with Facebook Inc. and Alphabet Inc.’s Google, which resulted in those…
Global Tax Overhaul Will Not Slow Google’s Investment in Ireland, CEO Says
DUBLIN—A global tax deal will make “no difference” to Alphabet Google’s operations in Ireland as the company remains committed to investing and adding staff to its European hub there, Chief Executive Sundar Pichai said on Thursday. Last year 136 countries agreed the first major overhaul in a generation of the rules for taxing multinationals, with…
Meta Expanding Massive $1 Billion Illinois Data Center, Set to Power Everything From Facebook to Instagram Beginning Next Year
April 29, 2022
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By Robert Channick From Chicago Tribune Meta, the social media giant formerly known as Facebook, is expanding its massive $1 billion data center under construction in DeKalb to nearly 2.4 million square feet, putting the college town west of Chicago at the center of its metaverse. Slated to open next year, the five-building complex filled…
Trump Posts on Truth Social Signaling His Return to Social Media
Former President Donald Trump has posted on his Truth Social account signaling his return to social media. “I’M BACK! #COVFEFE,” Trump wrote on the platform, which he founded and is owned by Trump Media & Technology Group. In the same post, he also shared a photo of himself appearing to use a phone while standing in…
Twitter Reports User Bump in Quarterly Report
Just days after Elon Musk’s $44 billion buyout of Twitter, the company released its Q1 earnings report on Thursday, attesting to a bump in users and a simultaneous decline in revenue. At the close of the quarter, Twitter reported monetizable daily active usage (mDAU) of 229 million, surpassing quarterly expectations for 226.9 million mDAU. This…
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