Amazon got more heat from the White House this week, and former Twitter CEO Dick Costolo said it’s sending shivers down the spines of CEOs across the technology sector. “Your hackles are certainly up about things like the word ‘monopoly,’ and worrying that general political views could be used against you to artificially constrain your […]
Read moreUber wants to respond better to drivers’ complaints. It has been on a campaign to retain its drivers and recruit new ones, and last month, the company started by rolling out an in-app tipping feature in addition to things like paying drivers for the time they wait for passengers after two minutes. This time, the […]
Read moreAdobe on Tuesday said it will stop updating and distributing the Flash technology for playing multimedia on the web by 2020. The company is collaborating with Alphabet, Apple, Facebook, Microsoft and Mozilla in the effort but will provide support for and updates to the software until the end-of-life date. Meanwhile, Adobe will “encourage content creators […]
Read moreTipRanks has identified the top analysts in technology coverage and found which virtual reality (VR) stocks they like the most. TipRanks uses a natural language-processing algorithm to rank analysts based on two factors: average return of buy-sell recommendations and success rate of buy-sell recommendations. TipRanks’ stock screener identified the “best analyst consensus” stocks in the […]
Read moreChipotle shares are down 8 percent in the past week after reports of a Norovirus outbreak in a Virginia restaurant and mice sightings in Dallas sent investors fleeing from the stock. According to Mike Khouw of Optimize Advisors, there has been a huge spike in unusual activity in the options market after the incidents. “We […]
Read moreAnthony Scaramucci is well-known on Wall Street. And Washington. And Singapore. And Davos. And in virtually every other corner of the world where the carefully honed practice of high finance is practiced. So seeing him at a senior-level post in the White House might not come as much of a surprise. To see him running […]
Read moreU.S. President Donald Trump on Tuesday praised ongoing work on a post-Brexit trade deal with Britain while sharply criticizing the European Union’s trade relationship with the United States. “Working on major Trade Deal with the United Kingdom. Could be very big & exciting. JOBS! The E.U. is very protectionist with the U.S. STOP!” Trump wrote […]
Read moreIf Google’s YouTube were a stock, it would be “worth at least $75 billion,” leading tech analyst Victor Anthony told CNBC on Tuesday. To put that in perspective, social media company Twitter has a market value of $14.52 billion. That would make YouTube worth just over five Twitters. Google-parent Alphabet has a market capitalization of […]
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An activist investor has acquired a stake in Barnes & Noble and is calling on the retailer to consider selling itself in order to unlock more value in the brick-and-mortar book business. “Physical books, and physical bookstores, are not going away anytime soon,” Sandell Asset Management said Tuesday in a letter to the retailer’s board. […]
Read moreHouse Republicans are asking the chief executives of tech and telecom rivals — including Facebook, Google, AT&T and Comcast* — to appear before the U.S. Congress in September and help settle the debate over net neutrality once and for all. At the moment, the Trump administration is preparing to scrap the U.S. government’s existing rules, […]
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