amazon apple Business facebook Op-ed 

This Stat Will Make Facebook & Amazon’s Antitrust Hearing Insanely Awkward

The combined market value of Facebook, Amazon, Apple, and Google stock is equivalent to nearly one-quarter of U.S. GDP. The CEOs of the four firms will testify before Congress later this month. Legislators are looking into antitrust issues raised against the tech giants. Nothing exposes the sheer economic dominance of U.S. tech stocks like Facebook and Amazon better than the upcoming congressional hearing featuring four Silicon Valley CEOs. In one sitting, the U.S. House Judiciary Committee will hear from Facebook’s Mark Zuckerberg, Amazon’s Jeff Bezos, Apple’s Tim Cook, and Google’s…

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British Royal Family facebook Meghan Markle Op-ed Prince Harry Showbiz 

Meghan Markle Tempts a Powerful Enemy In Facebook

Meghan Markle reportedly supports the “Facebook Boycott.” The boycott calls for companies to stop advertising on Facebook. While her intent is noble, she may be biting off more than she can chew. Meghan Markle wants your company to #BoycottFacebook. She and her husband, Prince Harry, are reportedly supporting various civil rights organizations in their quest to hold the tech giant accountable for past transgressions. Meghan Markle joins the crusade against Facebook. | Source:Chris Jackson/Getty This is a noble cause. However, can the Duchess of Sussex really afford an enemy like…

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Business News facebook Libra Op-ed 

Facebook Stock Has Bigger Problems Than That Ugly Earnings Report

Facebook’s share price plunged after an ugly quarterly report. A rise in the company’s operating costs spooked investors. But Facebook has bigger problems over the long term. There’s a simple reason why Facebook stock is in free-fall today. The Mark Zuckerberg-led social media giant has peaked. FB shares slid more than 6% on Thursday after Facebook reported mixed Q4 earnings. Earnings per share ($2.56) and revenue ($21.08 billion) outperformed. But there was another figure that loomed much larger: a massive 51% increase in operating costs and expenses, which rose to $46.71 billion…

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2020 Election Business News facebook Mark Zuckerberg Market News Politics Spotify 

Facebook, Google Rake in Election Ad Spending While Twitter, Spotify Say No

Presidential candidates have already spent more than $105 million on digital ads. Facebook and Google are getting most of the dough. Spotify just joined Twitter in rejecting these election ads outright. With billionaires like Tom Steyer and Michael Bloomberg splashing their cash around, the airwaves have been filled with 2020 presidential election ads. The political ads have invaded cyberspace too; by mid-November, the presidential candidates had already purchased more than $100 million in online ads. But going forward, you’ll be able to find respite from the noise on Spotify (NYSE:SPOT)….

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bernie sanders Business News facebook Mark Zuckerberg Politics 

Zuckerberg Practically Begs Bernie to Smack Him With $5 Billion Tax

Facebook CEO Mark Zuckerberg would pay more than $5 billion in wealth tax during the first year of a Bernie Sanders presidency. But the social media boss claims he wouldn’t mind the 8% hit to his net worth. Mark Zuckerberg: ‘No one deserves to have that much money’ In a live-streamed Q&A session, the Facebook billionaire eagerly affirmed Sanders’ bold claim that the 0.1% of wealthiest Americans hold obscene amounts of wealth. However, Zuckerberg declined to say what constituted the maximum wealth that an individual should be allowed to have,…

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facebook Op-ed U.S. Market News 

Why FB Stock Is Poised for a 25% Rally

Facebook stock suffered a devastating investor exodus last year, but FB shares held the line and are now poised for a 25% surge. | Source: REUTERS / Dado Ruvic By CCN Markets: Facebook (FB) stock suffered a devastating 2018 amidst controversies that led to a mass investor exodus. In one particularly painful trading session, Facebook rewrote the history books with a $126 billion plunge. The social media giant weathered the storm, and FB shares are up almost 38 percent this year amid a broad stock market recovery. And as major…

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facebook Libra Mark Zuckerberg Op-ed U.S. Business News 

Facebook Contractor Spies on Horrified Moderators. When Does It End?

A Facebook partner is spying on its own traumtized content moderators, giving us even more reasons to distrust Mark Zuckerberg’s company. | Source: AFP PHOTO / Brendan Smialowski Facebook released a video last year apologizing for its data misuse that likely swayed the 2016 election. It ends by saying “if this place does what it was built for, we all get a little closer.” That is the problem, Facebook. It’s time to back off. The Intercept just released an exposé detailing how managers at the Austin, Texas outpost have been…

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Cryptocurrency News facebook Libra Op-ed U.S. Business News 

Did Facebook’s Libra Plans Just Go Up in Smoke?

Facebook reveals that it has been transcribing user audio chats without disclosing that fact, raising even more questions about privacy. | Source: REUTERS/Leah Millis/File Photo By CCN Markets: As if Facebook didn’t have enough privacy issues, the company now confirms that it has been transcribing the audio chats of its users for quite some time. Facebook Claims It Wasn’t Being Sneaky Facebook claims that the only conversations that were transcribed were from those users who selected that option in the Messenger app. Facebook also claims that it was on for…

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Bitcoin Regulation Cryptocurrency News facebook Guest Contributor Libra Op-ed Uber 

Facebook, Libra & the Thrilling Rise of the Branded Cryptocurrency

The rise of Facebook’s Libra project ushers in a new era for fintech and heralds the rise of the “branded cryptocurrency.” | Source: Shutterstock It was hard not to feel compassion for Libra chief David Marcus, watching him deal with angry questioning in Congress two weeks ago. The level of distrust in Facebook has reached new highs – some of the Congressmen and Senators replaced questions with blunt criticism aimed at Marcus and the big blue company. Even Marcus, it felt, must have been surprised by the sheer cacophony of…

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Cryptocurrency News facebook Libra Op-ed U.S. Business News walmart 

Walmart Just Might Reshape Crypto Forever

Facebook & Libra are old news. Walmart’s surprise crypto patent could reshape the industry forever if it ever actually launches. | Source: Shutterstock. Image Edited by CCN. Like as not, you’ve heard the news: Walmart has laid the groundwork to create its own “cryptocurrency.” The move to patent a blockchain-based stablecoin variant generates speculation. Is Walmart trying to compete with Facebook Libra? Will CEO Doug McMillon be hauled in before legislators to defend his company’s right to innovate? Will the token ever actually launch at all? Too early to tell….

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