All articles tagged with #bigtech
Originally Published 4 months ago — by The Verge
The recent momentum in US antitrust actions against Big Tech, particularly Google, has faced setbacks, with a court ruling limiting the remedies the government can pursue, signaling a potential slowdown in the tech antitrust renaissance.
Originally Published 1 year ago — by Gizmodo
President-elect Donald Trump has nominated Andrew Ferguson to lead the Federal Trade Commission, replacing Lina Khan. Ferguson, a Republican FTC commissioner, is expected to reverse many of Khan's consumer protection measures and anti-monopoly actions, aligning with Trump's "America First" agenda. Critics argue Ferguson's focus will be on combating "woke" policies rather than genuinely addressing Big Tech abuses, potentially favoring large corporations over consumer interests.
Originally Published 1 year ago — by Investopedia
The Nasdaq Composite surged to a record high above 20,000 points, driven by gains in major tech stocks like Alphabet and Tesla. The rally was supported by a Consumer Price Index report showing 2.7% inflation, reinforcing expectations of a Federal Reserve rate cut. Meanwhile, Match Group shares fell due to currency exchange impacts, and Netflix hit a record high after a JPMorgan price target increase. Macy's shares dropped following a delayed earnings report and an accounting error investigation.
Originally Published 1 year ago — by New York Post
President-elect Donald Trump has appointed Andrew Ferguson, a Republican FTC commissioner, to lead the Federal Trade Commission, succeeding Lina Khan. Ferguson, known for his pro-innovation stance and opposition to Big Tech censorship, will inherit ongoing antitrust cases against major tech companies. His leadership may shift the agency's focus, particularly concerning social media censorship and antitrust enforcement. The FTC's current cases include actions against Amazon and Meta, with Ferguson's approach potentially altering the agency's direction on these and other issues.
Originally Published 1 year ago — by Benzinga
Meta Platforms Inc. is seeking proposals from nuclear energy developers to support its AI and sustainability goals, aiming for 1-4 gigawatts of nuclear capacity in the U.S. by the early 2030s. This move aligns with other tech giants like Amazon, Google, and Microsoft, who are also investing in nuclear power to meet the energy demands of their AI initiatives. Meta's stock has risen significantly this year, driven by its AI investments and projected growth despite increased capital expenditures.
Originally Published 1 year ago — by New York Post
The U.S. Department of Justice plans to ask a judge to force Google to sell its Chrome browser following a ruling that the company illegally monopolized the search market. This move is part of broader efforts by the Biden administration to address Big Tech monopolies. Google argues that the DOJ's actions exceed the legal issues at hand and could harm consumers. The company intends to appeal the decision, with a final ruling expected by August 2025. The DOJ is also considering other remedies, such as ending exclusive agreements with companies like Apple.
Originally Published 1 year ago — by TechCrunch
Ecosia and Qwant, two European search engines, are collaborating to create a European search index to reduce reliance on Big Tech, particularly Microsoft and Google. This joint venture aims to lower operational costs, foster innovation, and enhance their generative AI capabilities. The initiative, called European Search Perspective (EUP), will initially serve France and Germany, with plans to expand further. The partnership seeks to offer a privacy-first search experience and promote European tech sovereignty amid rising API costs and geopolitical uncertainties.
Originally Published 1 year ago — by Business Insider
Following Donald Trump's election win, tech stocks saw varied performances, with Tesla leading gains due to Elon Musk's support for Trump. Apple and TSMC faced potential challenges from proposed tariffs on China, impacting their supply chains. Google gained unexpectedly, possibly benefiting from anticipated regulatory rollbacks. Meta and Amazon might experience political overhangs due to Trump's animosity towards Big Tech and proposed tariffs, respectively, while Microsoft appears less affected by political changes.
Originally Published 1 year ago — by Axios
Big Tech leaders, including Jeff Bezos, Tim Cook, and Mark Zuckerberg, have publicly congratulated President-elect Trump on his election victory, signaling a strategic pivot to align with the new administration. This outreach reflects the tech industry's anticipation of policy changes and potential anti-Big Tech rhetoric under Trump's leadership. CEOs are emphasizing collaboration with the administration to foster innovation and address key issues, while also preparing for possible shifts in antitrust and export control policies.
Originally Published 2 years ago — by Engadget
The U.S. Department of Justice is reportedly close to filing a comprehensive antitrust lawsuit against Apple, potentially within the next six months. The investigation focuses on Apple's control over its ecosystem, including the integration of its services with hardware like the Apple Watch, the exclusivity of iMessage, and the company's policies that limit competitors in areas such as payment processing and app tracking. The DOJ has been in talks with various companies affected by Apple's practices, including Beeper, Tile, and Meta. This comes amidst a broader push by the federal government to regulate Big Tech, with ongoing cases against Google, Meta, and Amazon.
Originally Published 2 years ago — by The Verge
The US Department of Justice is reportedly nearing the end of an antitrust investigation into Apple, focusing on the company's practices that potentially lock customers into its ecosystem, such as restrictions on iMessage and the interoperability of the Apple Watch with non-Apple devices. The DOJ may file a lawsuit against Apple as early as the first half of 2024. This comes amidst broader antitrust actions against other Big Tech firms like Amazon and Google. Apple has not yet commented on the matter.
Originally Published 2 years ago — by MarketWatch
The U.S. Department of Justice is reportedly nearing the final stages of preparing an antitrust lawsuit against Apple Inc., focusing on the company's use of its products and services to protect its main business. This potential lawsuit adds to ongoing antitrust actions against other tech giants like Google and Amazon. Apple has not commented on the matter, and its stock remained relatively unaffected by the news.
Originally Published 2 years ago — by Investor's Business Daily
The "Magnificent Seven" tech stocks, including Nvidia, Microsoft, Apple, Amazon, Alphabet, Meta, and Tesla, experienced significant gains in 2023, largely due to advancements and investments in generative AI. Nvidia's stock soared with its powerful processors, while Microsoft integrated AI into its Office 365 suite and invested heavily in OpenAI. Apple is rumored to be developing its own AI chatbot and may launch an AI App Store. Google, caught off guard by the rise of generative AI, is now focusing on its new large language model, Gemini. Meta is enhancing user experience with new AI features, and Amazon is investing in AI startups and partnerships to bolster its cloud services. Tesla continues to leverage AI in its self-driving technology. The competition in AI among these tech giants is expected to intensify in 2024, with significant implications for their market positions and the tech industry at large.
Originally Published 2 years ago — by CNBC
CNBC's Jim Cramer anticipates a shift in market focus from the dominant "Magnificent Seven" tech stocks to a broader range of sectors in January. He notes that analysts are increasingly recommending non-tech stocks, which are responding positively to their endorsements. This trend is a departure from the previous market dynamic where tech giants overshadowed smaller cap stocks. Cramer highlights that stocks from various sectors may offer higher percentage gains compared to the incremental increases of Big Tech, citing recent upgrades and recommendations for companies like Home Depot, Dollar General, General Motors, and Verizon.
Originally Published 2 years ago — by Financial Times
Wall Street is experiencing a downturn at the start of the new year, with Big Tech stocks taking a notable hit. This trend reflects broader market uncertainties and investor caution, leading to a decline in tech company share prices. The Financial Times offers in-depth analysis and expert commentary on these developments, with subscription options available for those seeking comprehensive coverage of the financial markets.