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Google Thinking Of 2023 With Its Gaming Service Stadia As War With Fellow Tech Giants Heats Up
Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) subsidiary Google’s Director of Games Jack Buser said that the tech giant has 400 games under development for its Stadia service, The Verge
Benzinga · 36m ago
Thats why I f with Netflix: Dave Chappelle convinced the streaming giant to remove Chappelles Show while hes not getting paid for it
Chappelle calls out ViacomCBS and its shareholders for licensing his hit Comedy Central show without giving him a cut
MarketWatch · 11h ago
Instagram businesses and creators may be getting a Messenger-like 'FAQ' feature
Instagram is developing a new product, Frequently Asked Questions (FAQ), that will allow people to start conversations with businesses or creators' accounts by tapping on a commonly asked question within a chat. The feature could be useful for businesses that are often responding to customer inquiries about their products or services, or for creators who receive a number of inbound requests from fans or brands interested in collaborations, for example. The product's introduction highlights the extent that Instagram's messaging platform now overlaps with Facebook Messenger, following the recent launch of the new Instagram messaging experience.
TechCrunch · 13h ago
Hedge Funds Never Been This Bullish On Facebook Inc (FB)
In this article we are going to use hedge fund sentiment as a tool and determine whether Facebook Inc (NASDAQ:FB) is a good investment right now. We like to analyze hedge fund sentiment before conducting days of in-depth research. We do so because hedge funds and other elite investors have numerous Ivy League graduates, expert […]
Insider Monkey · 13h ago
Twitter to Revive Controversial Account Verification System
(Bloomberg) -- Twitter Inc. will bring back its system for verifying user identities next year, and is asking people to provide feedback on what the requirements should be for the coveted blue check mark.The San Francisco-based company will start letting people request verification in early 2021. It published a draft document on Tuesday outlining a preliminary set of requirements. Accounts must be active, notable and “associated with a prominently recognized individual or brand.”Twitter also highlighted six types of account that will qualify, but suggested others may come later:GovernmentCompanies, brands and non-profitsNewsEntertainmentSportsActivists, organizers and other influential individualsTwitter said users can give the company feedback on the criteria for two weeks, then it plans to publish a final policy Dec. 17.Twitter has used a blue check mark to verify the identity of well-known and popular Twitter users for years -- a way to distinguish real users and corporate accounts from potential impersonators. But the verification program has been confusing, and the company has offered little clarity around the criteria. It previously allowed users to request verification, but halted the program in 2017, with Chief Executive Officer Jack Dorsey calling the process “broken.”“We haven’t been clear about who can become verified and when, why an account might be unverified, or what it means to be verified,” the company wrote in a blog post on Tuesday.As part of the revamped verification process, Twitter said it may remove verification if a user’s account is dormant, or if it repeatedly breaks the company’s rules. Twitter recently confirmed that it will soon stop the special treatment U.S. President Donald Trump receives for his personal Twitter account. While he often violates Twitter’s rules, his tweets are considered newsworthy and thus he does not receive the same punishment other users might. This will end when he leaves office in January.Read more: Trump’s Special Twitter Treatment Would End With Biden WinThe verification process on Twitter has posed problems for the company in the past. Twitter, unlike Facebook Inc., does not require people to use their real identity on the service, so verification badges are an important tool for ensuring people can quickly tell if they are hearing from a real politician or corporate leader, for example.But verification was also exclusive, and just a small group of Twitter’s overall user base is verified. Over time the blue check mark came to represent a kind of implicit endorsement from the company. Twitter was criticized shortly before shutting the program down in 2017 for verifying known white supremacists, which users took as a validation of those users’ beliefs.“Verification was meant to authenticate identity & voice but it is interpreted as an endorsement or an indicator of importance. We recognize that we have created this confusion and need to resolve it,” Twitter said at the time.The company is considering other types of changes that might help users quickly identify an account’s owner. Dorsey, for example, suggested at a recent Senate hearing that the company should start labeling bots on the service, an idea he’s floated publicly for years.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Bloomberg · 14h ago
Senate Democrats ask YouTube CEO to remove election misinformation ahead of Georgia run-off
Senate Democrats wrote a letter to YouTube's CEO, citing concern about rampant election misinformation on the platform.
CNBC.com · 15h ago
Lookback: Wedgewood Partners 2019 Facebook (FB) Thesis
If you are looking for the best ideas for your portfolio you may want to consider some of Wedgewood Partners top stock picks. Wedgewood Partners, an investment management firm, is bullish on Facebook Inc (NASDAQ:FB) stock. In its Q3 2019 investor letter – you can download a copy here – the firm discussed its investment […]
Insider Monkey · 17h ago
Will Facebook Or Twitter Stock Grow More By 2025?
Every week, Benzinga conducts a sentiment survey to find out what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.
Benzinga · 18h ago
A top Democrat on the House antitrust panel sets sights on Big Pharma after wrapping up tech probe
Rep. Joe Neguse, D-Colo., wants the committee to examine the FTC's common approach to approving pharmaceutical mergers.
CNBC.com · 20h ago
Snap Introduces TikTok-Like 'Spotlight' Video-Sharing Feature
Snap Inc’s (NYSE: SNAP) Snapchat on Monday launched a feature called “Spotlight” in an attempt to compete with other video sharing portals like TikTo
Benzinga · 20h ago
Senate Democrats Ask YouTube to Remove Election Misinformation
(Bloomberg) -- A group of U.S. Senate Democrats is calling on YouTube to take down videos with “false and misleading” information about the election, a sign of political condemnation usually reserved for social networks Facebook Inc. and Twitter Inc.In the letter to Chief Executive Officer Susan Wojcicki sent late Monday, the senators wrote that they have “deep concern” over election misinformation on the site, and asked YouTube to specify its approach to political videos about the upcoming runoff elections for two U.S. Senate seats in Georgia.“These videos seek to undermine our democracy and cast doubt on the legitimacy of President-elect Biden’s incoming administration,” Senators Robert Menendez of New Jersey, Amy Klobuchar of Minnesota, Mazie Hirono of Hawaii, and Gary Peters of Michigan wrote. “Moreover, because the current president has not committed to a peaceful transition of power, misinformation and manipulated media content on your platform may fuel civil unrest.”Hours of footage on YouTube from right-wing news outlets and solo broadcasters have appeared in recent weeks, questioning the election results and pushing unsubstantiated claims of voter fraud. YouTube, a unit of Alphabet Inc.’s Google, has kept those clips up, but said it often makes it harder for viewers to find them. The company added information labels beneath videos about the election, though critics have said such fact-check efforts aren’t as robust as those from Twitter.The senators also asked YouTube to share how much advertising revenue it has earned from videos showing election misinformation.YouTube prohibits videos that incite violence, but has previously said that it allows clips “expressing views” on the outcome of the election to remain on the site. Two weeks ago, the company said on Twitter that 88% of videos shown in search results about the election came from its list of “authoritative” publishers like CNN and Fox News.Senate Republicans recently had the CEOs of Twitter and Facebook testify about their handling of the election. Google wasn’t invited.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Bloomberg · 21h ago
The Latest Unicorn Startup Is a Used Car Website in India
(Bloomberg) -- India’s mass transit systems, unreliable even before the coronavirus pandemic, were shut off completely when the country locked down. As a result, Indians rushed to find alternative transportation, and that often meant used cars.A major beneficiary was Cars24 Services Pvt., an online marketplace for used cars based in Gurgaon, India. The company’s valuation jumped to more than $1 billion after a new round of funding, Cars24 plans to announce Tuesday. DST Global, the investment firm led by Russia-born billionaire Yuri Milner, invested $200 million in the deal.The investment doubles the total funds raised by Cars24 since the business was established five years ago. The chief executive officer and co-founder, Vikram Chopra, was an investment analyst early in his career at Sequoia Capital, one of the world’s most prominent venture capital firms and now a Cars24 investor. Chopra started Cars24 after having a hard time selling his car before a temporary move to the U.S., he said. Daunted by the situation, he ended up giving his car to a friend instead, he said.By the middle of this year, Cars24 saw sales rise 20% from pre-lockdown levels. That followed some weeks in the spring when the site generated no revenue whatsoever. At first, Chopra thought the numbers reflected pent-up demand that would be short-lived but said sustained high levels of traffic to the site suggest otherwise. Cars24, which takes a cut of each transaction, is on track to generate estimated gross annual revenue of $600 million, Chopra said. “Our awareness among consumers has shot up dramatically,” he said.India’s pre-owned vehicle market is fragmented and dominated by mom-and-pop operations. Online retailers like Cars24, Droom and OLX, along with the automakers themselves, offer a more consistent buying experience, simplified paperwork and access to lenders. India lacks a system to establish fair values for used cars like Kelley Blue Book, making the process more complicated and opaque.As the pandemic drags on, trains and buses in Bangalore, Delhi and Mumbai have resumed service, but fear of contracting the virus is keeping many commuters away. Coronavirus cases in India surpassed 9 million; infections are soaring; and multiple cities are contemplating further lockdowns.For Cars24, the new investor brings, as its name implies, a global expertise. DST Global is based in Hong Kong and has backed a varied list of companies over the years, including Facebook Inc. and WhatsApp in the U.S. and Alibaba Group Holding Ltd. in China. In India, DST invested in the online shopping company Flipkart, which sold an 80% stake to Walmart Inc. two years ago in a transaction that valued the startup at about $20 billion, and built up the firm’s awareness of the challenges around online marketplaces in India.What made Cars24 stand out was its ability to handle so many steps, including remote inspections of vehicles, said Rahul Mehta, a Dubai-based managing partner at DST. “You have to be deep into operations,” he said. “These guys have done well.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Bloomberg · 22h ago
Facebook, Inc.'s (NASDAQ:FB) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?
With its stock down 5.7% over the past month, it is easy to disregard Facebook (NASDAQ:FB). However, stock prices are...
Simply Wall St. · 1d ago
Apple Exempts Virtual Events From Paying 30% App Store Cut Through June
Apple Inc (NASDAQ: AAPL) is exempting digital classes and virtual events from its 30% App Store commission until June 30, extending the commission-holiday period from December.
Benzinga · 1d ago
Square and PayPal's crypto push is not about monetization, says researcher
CFRA's Chris Kuiper talks about the cryptocurrency landscape as demand from PayPal and Square drives the price of bitcoin to new record highs.
CNBC.com · 1d ago
Facebook May Monetize WhatsApp
Rohit Kulkarni, executive director at MKM Partners, discusses what's ahead for Facebook Inc.'s messaging platform WhatsApp on "Bloomberg Technology." (Source: Bloomberg)
Bloomberg · 1d ago
Apple makes another concession on App Store fees
Apple said the extension was to help businesses by giving them more time to transition in-person events to digital events during the Covid-19 pandemic.
CNBC.com · 1d ago
Facebook launches 'Drives,' a U.S.-only feature for collecting food, clothing and other necessities for people in need
Facebook today is introducing a new feature that will allow users in the U.S. to collect food, clothing, and other necessities for people in need. The feature, called "Drives," is being made available through Facebook's existing Community Help hub, which is the place where Facebook centralizes requests and offers for help within a local community. The Community Help hub was first launched in 2017 as a way for Facebook users to centralize their resources in the wake of a crisis, like a man-made, accidental or natural disaster, ranging from weather events to terrorist attacks, and more.
TechCrunch · 1d ago
Why CEOs Are Uniting Against Trump's Election Fight
(Bloomberg Opinion) -- President Donald Trump has had no more prominent supporter on Wall Street than Stephen Schwarzman, the chief executive officer of the Blackstone Group. Yet on Monday, he said it was time for the president to accept the outcome of the election. And Schwarzman is not alone. His voice is joining a chorus of CEOs.When Dave Calhoun took over as CEO of Boeing Co. late last year, Yahoo Finance noted that since 2017 he had contributed $64,000 to various Republican candidates and committees. “He didn’t contribute to any Democratic candidates or committees over that period,” the website added. Yet on Friday, as Trump continued his futile but damaging effort to overturn election results, Calhoun’s company issued a statement that said bluntly, “We look forward to working with the Biden administration,” according to the New York Times.Facebook’s chief operating officer, Sheryl Sandberg, wrote a post acknowledging the Biden victory and offering special praise for the nation’s first female vice president, Kamala Harris. Late last week, during Walmart Inc.’s quarterly earnings call, CEO Doug McMillon pointedly congratulated “President-elect Joe Biden.” Walmart, the country’s largest private employer, never makes political statements. But it did this time, even though many of its stores are in Trump country.Tom Donohue, the longtime president of the U.S. Chamber of Commerce, is the person most responsible for moving the business organization from a centrist position to a staunch ally of the Republicans. Yet there he was last Thursday, sending a statement to the news website Axios in support of Biden. “Vice President Biden was fairly elected as our next president, and it’s time for the transition to proceed,” Donohue said.CEOs dislike few things as much as openly wading into politics. Making a statement of any sort will inevitably upset customers — or at least those customers who disagree. After Nike built an advertising campaign around Colin Kaepernick, the former professional quarterback whose decision to kneel during the National Anthem sparked a movement, conservatives called for a boycott of the shoe company. And just last month, anti-Trump partisans called for a boycott of Goya Foods after its CEO, Robert Unanue, appeared in the Rose Garden and said that the U.S. was “truly blessed” to have Trump as its president. Three weeks after the election, though, far more CEOs have acknowledged the president-elect — and called on the Trump administration to begin the transition — than Republican senators and representatives. The Business Roundtable congratulated “the incoming Biden administration” soon after the Associated Press called the election for Biden. CEOs are realists; if they weren’t, they wouldn’t have the job. They can see that Trump has no chance of overturning the election and that they’ll be dealing with a new Democratic administration soon enough. But getting on the right side of the Biden team is not the main reason they are speaking out. For them, there are two far more compelling reasons.The first is Covid-19. The business community is as focused on the pandemic as everyone else — perhaps more so because of how the virus has affected their operations, their employees and their profits. Eight months into the crisis, with no new rescue package emerging from Congress, mass layoffs are in the offing. While some businesses such as Amazon.com Inc. have thrived, many others have been devastated, particularly airlines and hotels. CEOs absolutely understand that until the pandemic has ended, the economy will continue to suffer.They also understand that Trump’s refusal to concede and begin the transition process is not helping to resolve the pandemic. They know how urgent it is for Biden’s transition team to be involved in planning for the distribution of the vaccine. They would like to see presidential leadership on issues such as wearing masks, taking hold of the distribution of protective equipment for hospitals and carrying out other measures. CEOs are pressing for the transition to begin because it has become important for the short-term future of their companies. And they are hoping that the urgency of their statements will push more Republicans to press the president to begin the transition. But there’s another reason, too. Most CEOs are patriots. It’s been widely reported that almost as soon as it became clear that Trump was going to try to overturn the election results, several dozen CEOs held a Zoom meeting led by Jeffrey Sonnenfeld, the well-known Yale School of Management professor.“Their anxiety was off the charts,” Sonnenfeld told me. “Yes, they didn’t want Trump’s actions to destabilize the markets, but more importantly, they didn’t want a divided work force or a divided customer base.” They were concerned about their companies — but they were also concerned about their country. Axios described this as an example of CEOs “filling the D.C. leadership vacuum.”In some ways, Biden is going to be better for business than Trump — offering more stability and fewer about-faces and surprises. In other ways, he’ll be tougher. He’ll seek higher corporate taxes and increased regulations. But all that can be dealt with after Jan. 20. For now, business needs Trump to get out of the way, and CEOs aren’t afraid to say so.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Joe Nocera is a Bloomberg Opinion columnist covering business. He has written business columns for Esquire, GQ and the New York Times, and is the former editorial director of Fortune. His latest project is the Bloomberg-Wondery podcast "The Shrink Next Door."For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Bloomberg · 1d ago
Googles new digital advertising tool is under the regulatory microscope after a complaint from online businesses
The U.K. competition regulator is considering a formal investigation into Google’s new digital advertising tool, following a complaint from a group of online...
MarketWatch · 1d ago
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About FB
Facebook, Inc. is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company's products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers. Instagram enables people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them directly to friends. Messenger allows communicating with people and businesses alike across a range of platforms and devices. WhatsApp Messenger is a messaging application that is used by people around the world and is available on a range of mobile platforms. Its Oculus virtual reality technology and content platform offers products that allow people to enter an interactive environment to play games, consume content and connect with others.
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