Changes at Facebook will only cause short-lived pain for the company, Wall Street analysts said on Friday — even though traders were dumping shares. Shares of Facebook dropped more than 4 percent on Friday on the heels of an announcement from CEO Mark Zuckerberg. Facebook’s newsfeed will continue to shift toward favoring content from people, […]
Read moreEven as executives from Google and Facebook prepare to testify in front of the Senate on how they’re combating extremist content, the internet giants are struggling to keep it off their sites. Dozens of accounts on sites owned by those two companies have been used this week to promote violent attacks and recruit people to […]
Read moreFans flood arenas wearing their team jerseys. They rush to events in search of players’ autographs. But these “athletes” they’re flocking to see, who spend hours in scrimmages honing their skills, are not football or basketball players — they’re gamers. Competitive video game playing, more commonly known as esports, drew 258 million unique viewers globally […]
Read moreCES 2018 wraps up on Friday and if there’s one takeaway, it has drastically changed in its focus in recent years. If I’m remembering correctly, this was my 10th time attending the annual tech show in Las Vegas. A lot has changed since I first set foot on the show floor as a cub reporter […]
Read moreGameStop stock dropped 11 percent in trading Friday after the company announced it expects impairment charges of between $350 million to $400 million at the end of the fourth quarter. The added costs are largely from people holding onto smartphones longer and not upgrading to new models, GameStop said, which saw sales from its technology […]
Read moreHow you use Facebook affects how you feel. So says Mark Zuckerberg, the billionaire tech titan who founded the social media behemoth. When you use Facebook to talk to your friends and family, you feel better, says Zuckerberg, but when you use it to scroll through videos and posts passively, you don’t, necessarily. “The research […]
Read moreRecently, there’s been a lot of talk about Apple possibly buying Netflix. The new round of speculation seems to have been kick-started by Barry Ritholtz in Bloomberg View last November. (Some skeptical takes are here and here.) Forget it. It’s too late. There’s no chance this will happen now. Here’s why. It’s too expensive — […]
Read moreOne Wall Street analyst abruptly changed his view for Facebook shares within hours after seeing a big drop in the internet giant’s stock price. Facebook announced on Thursday major changes to the company’s News Feed. CEO Mark Zuckerberg said the internet firm will start prioritizing “meaningful social interactions” versus “relevant content,” and that he expects […]
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It’s game on for Activision Blizzard, says TradingAnalysis.com founder Todd Gordon, as the charts are pointing to new high scores – or new all-time highs, rather – for the gaming stock. Gaming stocks have surged over the past year. Activision has seen a 76 percent rise while rivals Take-Two and EA have also skyrocketed 129 […]
Read moreErich Spangenberg has always been good at spotting opportunities for arbitrage, places in the market where there is a pricing spread that a savvy buyer can exploit for profit. He started in high-yield bonds and went on during the internet boom to turn a million dollars in patent acquisitions into a portfolio of software intellectual […]
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