Tech

Alibaba’s CEO said China’s new tech regulations are ‘timely and necessary’ as the nation aims to keep internet firms from growing into powerful monopolies

Alibaba CEO Daniel Zhang said Monday that China’s new regulations to prevent the formation of internet monopolies are “timely and necessary.” China announced new rules in early November that could tighten restrictions on tech companies, like Alibaba, including preventing them from sharing sensitive user data and from banding together to […]
Alibaba’s CEO said China’s new tech regulations are ‘timely and necessary’ as the nation aims to keep internet firms from growing into powerful monopolies
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
News

Big Tech has no friends in Washington anymore

Hello, everyone! Welcome to the new edition of Insider Today. Please sign up here . QUOTE OF THE DAY “The CEOs don’t want to be testifying. Even having this collective hearing creates a sense of quasi-guilt just because of who else has gotten called in like this – Big Pharma, […]
Big Tech has no friends in Washington anymore
Tech

Trump says tech giants like Facebook, Google, and Amazon ‘discriminate against’ him and colluded with Democrats during his election run

President Donald Trump said on Monday while speaking with CNBC that tech companies such as Google, Facebook, and Amazon “discriminate” against him. The comments come after tech firms have faced scrutiny over whether their platforms enforce political bias. Trump also briefly commented on the issue of regulation in the tech […]
Trump says tech giants like Facebook, Google, and Amazon ‘discriminate against’ him and colluded with Democrats during his election run