Big tech’s 15-year acquisition spree had a hidden cost
Since 2005, Alphabet, Apple, Amazon, and Facebook have acquired 385 other US companies, according to PitchBook. Alphabet alone has acquired 185. Big tech’s buying spree is already being scrutinized by the US Federal Trade Commission, the EU, and…
GLOBAL MARKETS-Gold rallies on U.S.-China row, Apple news slams stocks
(Adds close of U.S. markets) * Potential probe of Apple hits red-hot tech-sector * Euro marches higher, dollar slides to almost two-year low * Markets eye escalating U.S.-China tensions * Gold extends gains to new 9-year peak * Graphic: World FX rates in…
Stocks fall after jobless claims come in worse than expected
Stocks fell, with a selloff accelerating into Thursday afternoon as investors focused on the U.S.’s unchecked coronavirus crisis and a new rise in jobless claims. Tech shares led declines, with each of Facebook, Amazon, Apple, Netflix, Alphabet and…
New York Times CEO sees risk in regulating Google, Facebook to help news media
By Helen Coster (Reuters) – Regulation intended to address the news industry’s problems with Google and Facebook could have adverse consequences, said outgoing New York Times Co <NYT.N> Chief Executive Officer Mark Thompson in an interview…
Will Big Tech Enable or Destroy Small Business? Feat. Sahil Bloom
More than 50% of COVID-19 related business closures in the US are now permanent. Can tech platforms provide a new avenue for small biz entrepreneurship? For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe…
Surging Earnings Estimates Signal Good News for Fiverr (FVRR)
Fiverr International Ltd. FVRR is a platform which connects businesses of all sizes with skilled freelancers, that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing…
Surging Earnings Estimates Signal Good News for SailPoint Technologies (SAIL)
SailPoint Technologies Holdings, Inc. SAIL is an identity governance software solutions provider that could be an interesting play for investors. that could be an interesting play for investors. That is because, not only does the stock have decent…
Big Tech CEOs ready defenses for U.S. Congress hearing into their growing power
By Nandita Bose and Diane Bartz WASHINGTON (Reuters) – The chief executives of four of the largest U.S. tech companies plan to deflect criticism next week in a Congressional hearing into their use of market power to hurt rivals by saying they…
Ahead of hearing with big tech CEOs, Cicilline says a Biden presidency would lead to regulation next year
WASHINGTON — A top Democrat leading an antitrust investigation into the nation’s top technology companies said Wednesday his committee will release a report by the end of August with recommendations on legislation that Congress could pass into law as…
Singapore’s Vision to Attract Tech Listings Met With Skepticism
(Bloomberg) — With its new pact with Nasdaq Inc., Singapore Exchange Ltd. has thrown its hat into the ring to attract listings from the world’s hottest sector. But skepticism abounds over whether this strategy will succeed. The Singapore exchange…