8.76k followers • 11 symbols Watchlist by Yahoo Finance
This basket consists of stocks widely-held by hedge funds.
Charter Communications, Inc.
The Kraft Heinz Company
Teva Pharmaceutical Industries Limited
Icahn Enterprises L.P.
Facebook has announced that the limp "Oversight Board" intended to help make difficult content and policy decisions will not launch until "late fall," which is to say, almost certainly after the election. You know, the election everyone is worried Facebook's inability to police itself will serious affect. On Twitter, the board explained that as much as it would like to "officially begin our task of providing independent oversight of Facebook's content decisions," it regrets that it will be unable to do so for some time.
In a bull case, Tesla shares could surge as high as $2070, says Morgan Stanley’s Adam Jonas — though his official call is still bearish with a target of $740.
Peggy Johnson, the former executive vice president of business development at Microsoft, has been named as the new chief executive of Magic Leap, the company said in a statement. Johnson, who will begin her new role on August 1, 2020, comes to Magic Leap after a 30-year career in the technology industry. It's been a tumultuous 2020 for Magic Leap.
Germany is determined to expand its attempts to regulate online hate speech even as Facebook <FB.O> promises to do more to clean up its site after a global advertiser boycott, with politicians saying the issue is too important to leave to self-regulation. A German law in force since 2018 demands that social networks delete or block obviously criminal content within 24 hours of receiving a complaint or face a hefty fine. The legislation has been closely watched as concerns mount globally about hateful posts, but it has had a limited impact so far and has not stopped online hate speech in Germany, blamed for helping to fuel a wave of racist attacks in the last year.
U.S. tech giants face a reckoning over how Hong Kong's security law will reshape their businesses, with their suspension of processing government requests for user data a stop-gap measure as they weigh options, people close to the industry say. While Hong Kong is not a significant market for firms such as Facebook, Google and Twitter, they have used it as a perch to reach deep-pocketed advertisers in mainland China, where many of their services are blocked. "These companies have to totally reassess the liability of having a presence in Hong Kong," Charles Mok, a legislator who represents the technology industry in Hong Kong, told Reuters.
A two-year audit of Facebook’s civil rights record found “serious setbacks” that have marred the social network’s progress on matters such as hate speech, misinformation and bias. Facebook hired the audit’s leader, former American Civil Liberties Union executive Laura Murphy, in May 2018 to assess its performance on vital social issues. Its 100-page report released Wednesday outlines a “seesaw of progress and setbacks” at the company on everything from bias in Facebook's algorithms to its content moderation, advertising practices and treatment of voter suppression.
The auditors' findings are likely to add further pressure to the company which is already facing a boycott by some 900 advertisers, including major brands such as Coca-Cola, over what civil rights campaigners say is its promotion of hate speech. "Many in the civil rights community have become disheartened, frustrated and angry after years of engagement where they implored the company to do more to advance equality and fight discrimination, while also safeguarding free expression," the auditors wrote, according to the Times, which said it had obtained a prepublication report of the findings. Facebook commissioned Laura Murphy, a former director of the American Civil Liberties Union's legislative office, to lead the audit of its civil rights policies in 2018.
For a five-week period in the first quarter, downside momentum in the stock market tied to the coronavirus disease 2019 (COVID-19) pandemic was unlike anything we'd ever seen before. It's also taught investors that you don't need to be rich to become rich in the stock market.
In the space of one week it has become clear that China wants to extend its “Great Firewall” regime to Hong Kong. Beijing may not be immediately successful in imposing its model on the territory — as the pushback from US tech giants shows — but this is certainly the intent. Please see our new “Best of Comment” section, inaugurated with an insight this week from Yuan Yang, the FT’s deputy Beijing bureau chief.
Amazon.com Inc <AMZN.O> has invested 23.10 billion rupees (£245.26 million) in Amazon Seller Services, an Indian unit, strengthening the business at a time when more people shop online in a bid to avoid crowded public places. Amazon Singapore made a significant portion of financing, data from business intelligence firm Tofler showed. The company, which competes with Walmart Inc's <WMT.N> Flipkart in India, has also been expanding its seller network in the country.
Organizers of a Facebook ad boycott vowed to press on with their campaign, saying the social network's top executives had failed to offer meaningful action on curbing hateful content. At a virtual meeting that included Facebook chief executive Mark Zuckerberg, the #StopHateForProfit coalition leaders "didn't hear anything... to convince us that Zuckerberg and his colleagues are taking action," said Jessica Gonzalez of the activist group Free Press, a coalition member. Rashad Robinson, president of the activist group Color of Change, told reporters on a conference call the meeting was "a disappointment."
Facebook announced in May that up to half its workforce is likely to be working from home within the next five to 10 years. There is one caveat: staff salaries could be adjusted to align with the cost of living in their chosen location, meaning potential pay cuts for those considering moving away from its expensive Palo Alto base and other global hubs. Chief executive Mark Zuckerberg told staff via video that the change will come into effect from January.
Facebook keeps telling critics that it is doing everything it can to rid its service of hate, abuse and misinformation. On Tuesday, CEO Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg met with a group of civil rights leaders, including the organizers of a growing advertising boycott over hate speech on Facebook. One of those leaders, NAACP President Derrick Johnson, said Facebook's executives offered little but cheap talk that skirted major commitments to new rules or actions that would curb racism and misinformation on its platform.
The game maker's biggest titles saw a spike in engagement during COVID-19, and investors are hopeful for what the next console generation might bring.
NVIDIA (NASDAQ: NVDA) announced on Tuesday that just weeks after its release, the A100 Tensor Core graphics processing unit (GPU) has been adopted by Google Cloud, a division of Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG). The Accelerator-Optimized VM (A2) family, available on Google Compute Engine, is designed specifically to handle some of the most demanding applications out there, including artificial intelligence (AI) workloads and high performance computing (HPC). This makes Google the first cloud service provider to offer the new NVIDIA GPUs.
What happened Shares of Walmart (NYSE: WMT) climbed 6.8% on Tuesday after news broke that the retail titan is gearing up to take on Prime from Amazon.com (NASDAQ: AMZN). So what Walmart will launch a new subscription service later in July, according to tech site Recode.
Amazon (AMZN) closed the most recent trading day at $3,000.12, moving -1.86% from the previous trading session.
In the latest trading session, Microsoft (MSFT) closed at $208.25, marking a -1.16% move from the previous day.
Levi Strauss & Co. (LEVI) reported Q2 earnings directly after Tuesday's closing bell, giving some sense of the abyss awaiting the Retail sector.
Stock futures edge up following an end to the S&P; 500's five-day winning streak; Walt Disney World to reopen July 11; Movie chain AMC nears deal to stave off bankruptcy.
The stock market fell Tuesday, but is a sustained pullback in the offing. Tesla and EV rival Nio keeps moving early. Facebook is in focus after execs met with ad boycott organizers.
Amazon, looking to buff up Fire TV's appeal among cord-cutters, is adding program listings for YouTube TV and Hulu + Live TV to the platform's live TV discovery features. Live content from Google's YouTube TV and Disney's Hulu will be directly integrated into Fire TV’s Live Tab, On Now rows, and the multi-app Channel Guide, […]
Facebook simply has not done enough to fight problems including hate speech and voter suppression, according to a report culminating a two-year independent audit of the social giant's practices and policies. That has included Facebook's failure to take action against disinformation and inflammatory comments posted by President Donald Trump, the report said. “Unfortunately, in our […]