Markets

Why mega-cap tech stocks could rally another 15% by year-end under a Biden-helmed split government, according to Wedbush

Technology stocks in the FAANG, cloud software, and cyber security themes could rally 10%-15% by year-end with a Biden presidency and Republican Senate, according to Wedbush. This regime is the “Goldilocks election outcome” for tech stocks as a Biden presidency will ease US-China technology-policy issues while the Republican Senate decreases […]
Why mega-cap tech stocks could rally another 15% by year-end under a Biden-helmed split government, according to Wedbush
Tech

Amazon is taking on Apple and Fitbit with a smart wristband and an app that tracks your sleep, judges the emotion in your voice, and scans your body to calculate body fat

Amazon has launched its first major consumer health product, Amazon Halo, which comprises a fitness wristband and a subscription-based app. Amazon is entering a crowded market, but it’s hoping to differentiate itself with uncommon features like the ability to analyse a user’s voice to estimate their mood and detect body […]
Amazon is taking on Apple and Fitbit with a smart wristband and an app that tracks your sleep, judges the emotion in your voice, and scans your body to calculate body fat
Tech

CEOs from Apple, Amazon, Google, and Facebook had to defend their companies against what lawmakers called ‘a pattern of’ monopolistic behaviour. Here’s how each was grilled during Wednesday’s landmark hearing.

Wednesday’s tech antitrust hearing was a gruelling six-hour event in which House committee members grilled Jeff Bezos, Tim Cook, Mark Zuckerberg, and Sundar Pichai about their companies’ market power. Cook, Apple’s CEO, received what seemed like the fewest questions, but he was asked about the App Store and how Apple […]
CEOs from Apple, Amazon, Google, and Facebook had to defend their companies against what lawmakers called ‘a pattern of’ monopolistic behaviour. Here’s how each was grilled during Wednesday’s landmark hearing.
Tech

If you’ve ever wondered how a startup founder mulls a giant acquisition offer, read all of the texts between Instagram cofounder Kevin Systrom and one of his investors after Mark Zuckerberg first approached them

The House Judiciary Committee has published documents relating to its tech antitrust investigation, including a copy of a conversation between Instagram cofounder and Benchmark investor Matt Cohler. The conversation – which took place in 2012, prior to Facebook’s $US1 billion acquisition of Instagram – provides a rare glimpse into the […]
If you’ve ever wondered how a startup founder mulls a giant acquisition offer, read all of the texts between Instagram cofounder Kevin Systrom and one of his investors after Mark Zuckerberg first approached them
Tech

Mark Zuckerberg was grilled over whether Facebook copied and threatened rivals, but the CEO says the social media giant just ‘adapted features’

Facebook CEO Mark Zuckerberg said the company has “adapted features” from competitors during Wednesday’s big tech antitrust hearing. Rep. Pramila Jayapal, Democrat of Washington, asked Zuckerberg whether Facebook had copied features from rivals as part of its competitive strategy. Jayapal pressed Zuckerberg on conversations that occurred during Facebook’s acquisition of […]
Mark Zuckerberg was grilled over whether Facebook copied and threatened rivals, but the CEO says the social media giant just ‘adapted features’
Tech

Mark Zuckerberg kicked off his testimony during the big tech antitrust hearing by suggesting Apple, Amazon, Google, and TikTok may be bigger threats than Facebook

Facebook CEO Mark Zuckerberg pointed to the success of rivals like Apple, Google, and TikTok as evidence that there’s plenty of competition in the tech industry. Zuckerberg referenced Apple’s iMessage, Google’s YouTube, and the popular video app TikTok in his opening remarks, pointing to their size and dominance in various […]
Mark Zuckerberg kicked off his testimony during the big tech antitrust hearing by suggesting Apple, Amazon, Google, and TikTok may be bigger threats than Facebook
Tech

Google is facing an antitrust showdown with the DOJ more than 22 years after Microsoft’s watershed case. Here’s why the government scrutinised Gates and how it played out for the company.

More than 22 years ago, Microsoft cofounder Bill Gates squared off against the Department of Justice over issues of antitrust. The case is not unlike what Google is now facing: a lawsuit form the DOJ alleging Google’s business deals hurt smaller competitors. Back in 1998, Gates was called before the […]
Google is facing an antitrust showdown with the DOJ more than 22 years after Microsoft’s watershed case. Here’s why the government scrutinised Gates and how it played out for the company.
Tech

Bill Gates says tech execs about to get grilled in front of Congress remind him of his own trip in front of legislators: ‘I wish them well’

Ahead of Wednesday’s blockbuster tech antitrust hearing, Bill Gates reflected on his own 1998 congressional hearing during an interview with CNBC on Tuesday. “It certainly reminds me of when I went in front of Congress,” Gates told CNBC’s Andrew Ross Sorkin. “I wish them well.” Gates, along with his industry […]
Bill Gates says tech execs about to get grilled in front of Congress remind him of his own trip in front of legislators: ‘I wish them well’