Google’s FitBit Acquisition Hits EU Roadblock

Tuesday, 4 August 2020, 20:10:07
European regulators are not easing scrutiny of Big Tech. Facebook, Amazon and Apple are all facing their own E.U. investigations.
— Yahoo Finance

Docs reveal the dark side of big tech cos

Tuesday, 4 August 2020, 19:46:02
The spectacle of the chief executives of Amazon, Apple, Facebook and Google testifying before Congress last week made for good TV drama. Yet the theatrics of the showdown distracted from the real payoff of the hearings: the accompanying cache of subpoenaed emails and texts from the past decade and a half. These documents provide compelling evidence — long rumored but seldom established — that the companies, especially Facebook and Amazon, in their rise to dominance did not always play by the rules and apparently violated antitrust laws.Both public opinion and American law distinguish between two kinds of dominant company. The first is the monopoly fairly held: a corporation like Ford Motor that achieves dominance by virtue of its incomparable greatness. The second, its evil doppelgänger, is the company that achieves dominance unfairly — for instance, by suffocating or absorbing would-be challengers.The Big Tech companies insist that their rise to power has been the first story, a saga of ingenuity and courage, and that their market dominance is a byproduct of continued excellence.
— Economic Times India

FB, Google ‘not responsible for comments’

Tuesday, 4 August 2020, 19:37:12
Sweeping changes have been recommended to bring Victoria’s contempt of court laws in line with the 21st century and social media age.
— Seven News

Google, Facebook, other big companies call on Congress to help small businesses: Or losses could be ‘catastrophic’

Tuesday, 4 August 2020, 19:15:58
Starbucks chairman emeritus Howard Schultz submitted a letter to Congress on Monday calling for the government to help U.S. small businesses before the coronavirus pandemic devastates them permanently and causes a ‘catastrophic’ number of job losses. The letter was signed by 100 business leaders including executives at Google, Facebook and Salesforce.
— CNBC

Long-Term Investors Prefer Microsoft And Amazon Over Tesla And Facebook, Tech Survey Says

Tuesday, 4 August 2020, 18:45:08
One of the biggest debates on Wall Street in 2020 has been whether or not the tech sector is currently experiencing a bubble like it did during the dot com era roughly 20 years ago. DataTrek Research recently conducted a survey of more than 300 subscribers to determine how the average investor feels about tech stocks these days. When asked if they believe the tech sector is currently experiencing a market bubble, 56% of respondents said no and just 44% said yes. The Nasdaq is up another 36.3% in the past year despite the first economic recession in more than a decade. Even with the skepticism over tech stock valuations, 85% of respondents believe big U.S. tech stocks have additional upside over the next 12 months, with 70% expecting at least 5% additional upside. Survey respondents said COVID-19’s impact on American’s use of technology (33%) and Federal Reserve stimulus (27%) are the two biggest factors driving tech stock outperformance in 2020. Possible Bubble Stocks: DataTrek also ..
— Benzinga