Synopsis Apple, Amazon, Facebook, Google and Microsoft have formed a separate universe in which they are the sun, and everyone else—billions of humans, other companies, entire countries and governments—are mere planets that revolve around them. The already bonkers dollars of Big Tech have become even bonkers-er. My colleagues and I have written a lot about the unreal sales, profits and oomph of America’s five technology titans: Apple , Microsoft , Google , Amazon and Facebook . This might feel like old news. Tech’s Titanic 5 have been big and rich for a long time, and they have gotten even more so as people and organisations have needed their products during the coronavirus pandemic. Yadda, yadda, yadda. We get it. But no, we really do not get it. America’s technology superstars have launched into a completely different stratosphere than even other wildly successful companies in tech and beyond. Let me give you a flavour of the bonkers-ness: The … [Read more...] about Big Tech has outgrown this planet
Imprimis should we regulate big tech
Twitter Inc is shutting its reopened offices in United States, while other big tech companies are making vaccination mandatory for on-campus employees, as the highly infectious Delta COVID-19 variant drives a resurgence in cases. Alphabet Inc’s Google and Facebook Inc said on Wednesday all U.S. employees must get vaccinated to step into offices. Google is also planning to expand its vaccination drive to other regions in the coming months. Twitter, which on Wednesday also paused future office re-openings, had started allowing employees back to its campuses in San Francisco and New York at 50% capacity about a fortnight ago after more than 16 months. U.S. coronavirus cases have been rising due to the Delta variant, which emerged in India but has quickly spread and now accounts for more than 80% of U.S. coronavirus cases. Twitter Inc is shutting its reopened offices in United States, while other big tech companies are making vaccination mandatory for on-campus employees, as the … [Read more...] about Big Tech initiates requiring vaccines as Twitter closes re-opened US offices
Former Pinterest Engineer Eric Cochran made his television debut Wednesday speaking out against Big Tech censorship during an appearance on Fox News’ “Tucker Carlson Tonight.” I’m with the incredibly courageous @Pinterest insider outside Fox News. He’ll be on @TuckerCarlson at 830PM to share his story. And he has a lot to say! You can give to his @gofundme here: https://t.co/UoES6JBMh9 #lifecensored pic.twitter.com/kexzQRl8hf — James O’Keefe (@JamesOKeefeIII) June 12, 2019 Project Veritas , was summarily dismissed from Pinterest this week. Internal documents obtained by Project Veritas from Cochran show the social media giant monitored Live Action, and a staff member allegedly added it to a “pornography block list,” presumably as a way to censor the anti-abortion group. On Tuesday, Live Action was banned entirely from the platform for spreading “harmful information on Pinterest,” including “medical misinformation and conspiracies that turn individuals … [Read more...] about Fired Pinterest Whistleblower Speaks Out About Big Tech Censorship That Protects ‘Abortion Lobby’
Stock markets opened mixed on Wednesday morning, but the Nasdaq Composite ( NASDAQINDEX:^IXIC ) was an early winner. As of 10:30 a.m. EDT today, the Nasdaq was up 0.75%, while other major market benchmarks were flat to down slightly. Many investors focused on the big-name tech stocks that reported their results after the bell on Tuesday, many of which helped move the overall market. However, some stocks that have almost nothing to do with technology were actually the biggest winners on the Nasdaq. Below, we'll look more closely at Tilray ( NASDAQ:TLRY ) and The Chefs' Warehouse ( NASDAQ:CHEF ) to see why their gains overshadowed Big Tech on Wednesday. Tilray is smokin' hot Shares of Tilray jumped 19% Wednesday morning. The marijuana stock reported its first financial results since closing its merger with industry peer Aphria, and investors liked what they saw. A look at fiscal fourth-quarter numbers makes it clearer why shareholders were so happy. … [Read more...] about Forget Big Tech! These Were the Real Nasdaq Winners Wednesday.
European regulators fined Amazon 746 million euros, roughly $886 million, over data breach violations, the company disclosed in a recent filing with the Securities and Exchange Commission (SEC). The Seattle-based e-commerce giant was fined by the Luxembourg National Commission for Data Protection (CNDP) earlier this month in a decision that claimed Amazon’s processing of personal data did not comply with the European Union's General Data Protection Regulation, according to the filing. Amazon pushed back on the regulator’s findings. ADVERTISEMENT “We believe the CNPD’s decision to be without merit and intend to defend ourselves vigorously in this matter,” the company said in the filing. The disclosure in the filing was revealed after Amazon reported its second quarter earnings for the year, with net sales increasing 27 percent year over year to $113 billion. The increase had slowed down compared to the company’s 41 percent year over year increase from the second … [Read more...] about Amazon fined $886M by EU regulators