FAANG stocks have asserted their presence on the market, but are they a safe bet for your investments? Phil Town Published 9:30 am CST, Friday, December 21, 2018 Photo: Entrepreneur Network Photo: Entrepreneur Network Image 1 of / 1 Caption Close Image 1 of 1 Photo: Entrepreneur Network Why Investing in Big Tech Companies Shouldn't Be a Complete No-Brainer 1 / 1 Back to Gallery If you watch Netflix, buy items on Amazon and use Google to look up terms on the fly, you may not even know you could be investing in FAANG stocks. FAANG -- an acronym for Facebook, Amazon, Apple, Netflix and Google -- can be thought of as the big tech companies. With today's world increasingly … [Read more...] about Why Investing in Big Tech Companies Shouldn’t Be a Complete No-Brainer
By Greg Ip The Wall Street Journal Wed., Dec. 19, 2018 This was the year when Big Tech companies were humbled, their reputations tarnished, and their share prices clobbered by a tidal wave of political outrage over misinformation, censorship, and data abuse. This public flogging may be necessary and even gratifying—but it may also go too far. As the criticism turns partisan, with Republicans upset with Google’s alleged liberal bias and Democrats furious with Facebook’s complicity in election tampering, the risk grows of interventions that sound satisfying but don’t fix, and in fact may worsen, the underlying problem in this arena: an absence of competition. Consider the latest revelations that Russian state actors were able to spread manipulative content on the platforms of Facebook Inc., Twitter Inc. and Alphabet’s Google. Russian political interference is a serious matter for foreign policy, but the uproar seems out of proportion to … [Read more...] about Beware the big tech backlash
Sections SEARCH Skip to content Skip to site index Subscribe Log In Log In Today’s Paper DealBook | DealBook Briefing: Inside Facebook’s Huge Data Giveaway to Its Big Tech Brethren DealBook Supported by Dec. 19, 2018 Good Wednesday morning. GSK and Pfizer announced that they’re merging their consumer-health businesses. More on that below. (Was this email forwarded to you? Sign up here .) How Facebook let Big Tech peers inside its privacy wall Facebook let some of the world’s largest technology companies have more intrusive access to users’ personal data than it had previously disclosed. That’s according to an investigation by Gabriel J.X. Dance, Michael LaForgia and Nicholas Confessore of the NYT, based on 270 pages of Facebook’s internal documents and interviews with more than 60 people. The breadth of the data-sharing was vast. “Facebook allowed Microsoft’s … [Read more...] about DealBook Briefing: Inside Facebook’s Huge Data Giveaway to Its Big Tech Brethren
LONDON (Reuters) - Amazon <AMZN.O>, Google <GOOGL.O> and other Big Tech companies could compete with banks in basic products and undermine their ability to offer free accounts, Britain's financial watchdog said on Tuesday.The Financial Conduct Authority published its final report on its study of retail banking business models, saying new payments services could attract retailers like Amazon into banking.gi "In terms of where we think real challenges are going to come into this market, it will be potentially around the entry of Big Tech firms," FCA executive director for competition, Christopher Woolard, told reporters."We suspect that many of those firms will not want to take capital on their balance sheets, they won't actually want to become a bank as such, but they may well want to offer products that compete directly with banks, like simple lending products."Britain has sought to boost competition in banking, a sector dominated by the Big Four, HSBC <HSBA.L>, … [Read more...] about UK watchdog says Big Tech pose biggest threat to banks
Sections SEARCH Skip to content Skip to site index Subscribe Log In Subscribe Log In Today’s Paper DealBook | DealBook Briefing: Did Big Tech Lie to Congress About Russian Interference? DealBook Supported by Dec. 18, 2018 Good Tuesday morning. (Was this email forwarded to you? Sign up here .) New discoveries on Russia and the tech giants The Senate Intelligence Committee released two huge reports on Monday that it had commissioned on Russian use of social media to disrupt the 2016 election and more. One is by New Knowledge, a cybersecurity company; the other by Oxford University researchers. Here are some highlights, both about the Russian campaign and about how tech companies have behaved toward the Senate: African-Americans were targeted with relentless propaganda. We’ve heard plenty about Russian attempts to sway Facebook users who were on the political right, led by the Internet Research Agency in … [Read more...] about DealBook Briefing: Did Big Tech Lie to Congress About Russian Interference?