big-tech | ABS-CBN News

Google, Apple disappoint as tech earnings hit by gloom

Agence France-Presse
Posted at Feb 03 08:15 AM

Google and Apple reported downbeat results for the last quarter of 2022 as Amazon beat expectations, but warned that the coming months would be uncertain in a difficult moment for Big Tech. Read more »

US sues Google over dominance of online ad market

Agence France-Presse
Posted at Jan 25 08:16 AM

The US Justice Department sued Google for its dominance of the online advertising market, launching a fresh legal battle against the California-based tech giant. Read more »

Microsoft to cut staff again: reports

Agence France-Presse
Posted at Jan 18 10:07 AM

Microsoft is readying to cut more positions from its global workforce as tech giants continue paring headcount to ride out rough economic conditions, according to media reports. Read more »

EU court decides record antitrust fine vs Google

Agence France-Presse
Posted at Sep 14 11:57 AM

The European Union's second-highest court will rule whether Brussels went too far in handing Google a 4.3-billion-euro fine over its Android OS. Read more »

Amazon, Apple beat expectations in gloomy earnings season

Glenn Chapman
Posted at Jul 29 08:24 AM

Tech giants Amazon and Apple delivered forecast-topping results Thursday, offering some reassurance to an earnings period weighed down by inflation, economic turmoil and war. Read more »

Google-parent Alphabet's profit slips as growth slows

Agence France-Presse
Posted at Jul 27 08:42 AM

Google-parent Alphabet reported its profit in the recently ended quarter slipped to $16 billion as its long sizzling ad revenue growth cooled. Read more »

Nasdaq retreats ahead of Big Tech earnings rush

Agence France-Presse
Posted at Jul 26 08:36 AM

nvestors pulled back on tech shares ahead of a deluge of market-moving central bank and corporate announcements in the coming days. Read more »

Free speech or hate speech? Fears for Musk's Twitter

Peter Hutchison, Agence France-Presse
Posted at Apr 27 08:38 AM

Elon Musk describes himself as a "free-speech absolutist," leaving rights groups fearful that Twitter will provide a forum for hate speech and disinformation under his ownership. Read more »

Obama seeks tighter reins on big tech

Agence France-Presse
Posted at Apr 22 12:18 PM

Former US president Barack Obama called out Silicon Valley, urging tech companies to stop dividing society and undermining democracy. Read more »

Ressa appeals for tech regulation at US Senate

ABS-CBN News
Posted at Mar 31 04:14 PM

Ressa urged US lawmakers to revise a law that shields social media platforms from being held liable for content created by users of their services. Read more »

EU negotiators agree landmark law to curb Big Tech

Alex Pigman, Agence France-Presse
Posted at Mar 25 08:37 AM

Negotiators from the European Parliament and EU member states agreed on a landmark law to curb the market dominance of US big tech giants such as Google, Meta, Amazon and Apple. Read more »

Meta's shock share price drop shakes world tech

ABS-CBN News
Posted at Feb 03 08:46 PM

Shares in Facebook owner Meta fell 20 percent in US premarket trade on Thursday after the social media giant issued a dismal forecast. Read more »

Germany paves way to clamp down on Google activities

ABS-CBN News
Posted at Jan 05 07:15 PM

The decision is the first after an amendment of the German Competition Act came in force January 2021. Read more »

Asset bubbles? Champagne outfizzes Big Tech and bitcoin in 2021

Reuters
Posted at Dec 28 09:12 AM

Online platforms that allow you to trade desirable wine, champagne and spirit vintages, much like stocks or currencies, have seen record activity and bumper price movements this year. Read more »

Wall Street bounces from Omicron selloff

Reuters
Posted at Dec 22 10:34 AM

Wall Street's main indexes rose more than 1 percent on Tuesday, while big technology stocks bounced back from an Omicron-driven rout. Read more »

Didi departure from NYSE marks end of Wall Street romance with Chinese big tech

Thomas Urbain, Agence France-Presse
Posted at Dec 06 08:55 AM

The Chinese ride-hailing giant Didi Chuxing's announcement that it will delist its shares from the New York Stock Exchange marks the end of a cushy relationship between Wall Street and Chinese tech giants, who are under siege from authorities in Beijing and regulators in America. Read more »

Tech 2022: Meatless meat, Web 3.0, Big Tech battles

Joshua Melvin with Julie Jammot in San Francisco, Agence France-Presse
Updated as of Dec 01 12:44 PM

After a year that made the terms WFH (work from home) and metaverse instantly recognizable, there are new technological trends headed this way for 2022. Read more »

Indonesia mulls media bill seeking fairer share from big tech

Agustinus Beo Da Costa and Stanley Widianto, Reuters
Posted at Nov 23 10:16 PM

Indonesian authorities are assessing a draft bill that could compel tech giants like Facebook and Google to negotiate with media firms for fairer revenues. Read more »

PayPal in $45 billion bid for Pinterest -sources

Greg Roumeliotis and Arriana McLymore, Reuters
Posted at Oct 21 08:32 AM

PayPal Holdings Inc has offered to buy digital pinboard site Pinterest Inc for $45 billion, people familiar with the matter said on Wednesday, a combination that could herald more financial technology and social media tie-ups in e-ecommerce. Read more »

Big Tech rolls on as investors shrug off regulatory pressure

Rob Lever, Agence France-Presse
Posted at Aug 16 08:44 AM

Pressure is rising on Big Tech firms, signaling tougher regulation in Washington and elsewhere that could lead to the breakup of the largest platforms. But you'd hardly know by looking at their share prices. Read more »