On Monday, May 23, CEO Mark Zuckerberg of Facebook parent company Meta Platforms, Inc, ( FB ) was hit with a new lawsuit over the Cambridge Analytica scandal. In the suit, Washington D.C. Attorney General Karl A. Racine, alleges was Zuckerberg directly contributed to the "decision-making that allowed the Cambridge Analytica data breach." In the filing, Racine's office also alleged that in the run-up to the 2016 Presidential election, of the 87 million Facebook users affected were half the district's residents. Still ongoing is a another suit filed by Racine in 2018 against the company over its data practices. Racine attempted to have Zuckerberg named as a defendant in the 2018 suit, but a judge denied the motion earlier in 2022. In a press release, Racine stated: "Mr. Zuckerberg was personally involved in Facebook’s failure to protect the privacy and data of its users leading directly to the Cambridge Analytica incident .... Mr. Zuckerberg’s policies enabled a … [Read more...] about Zuckerberg Faces Lawsuit Involving Cambridge Analytica
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Microsoft (MSFT) at All-Time High After Blowout Quarter
Dow component Microsoft Corporation ( MSFT ) is trading at an all-time high near $238 in Wednesday's premarket, after beating fiscal second-quarter 2021 top- and bottom-line estimates by wide margins and raising third-quarter guidance . Mr. Softee posted a profit of $2.03 per share during the quarter, beating expectations by $0.62, while revenue grew 16.7% year over year to $43.08 billion, better than the $40.23-billion consensus. Third-quarter revenue is now expected to exceed prior estimates by more than $2 billion. Key Takeaways Microsoft reported much better-than-expected fiscal second quarter 2021 earnings. The stock is trading at an all-time high ahead of the opening bell. Price action could test the breakout in the regular session. The uptrend could reach $300 in 2021. Azure cloud computing services rose an impressive 50% year over year, on par with 48% growth in the first quarter and 47% in the fourth quarter of 2020. Xbox income surged 40%, which isn't … [Read more...] about Microsoft (MSFT) at All-Time High After Blowout Quarter
Bulls’ Ranks Fall to Lowest in 3 Years as Stocks Hover Near Highs
The ascent of the S&P 500 Index (SPX) to one record high after another might look, on the surface, as a breakout of irrational exuberance among investors. But the opposite is occurring as investment managers become increasingly bearish. Only 49% of the 148 professional money managers recently surveyed have a bullish view of the market over the next 12 months, down from 56% in a fall 2018 survey. This is the first time that the bulls have been in the minority since the fall of 2016, according to the spring 2019 release of Barron's Big Money Poll . It's also notable that 70% of respondents believe that stocks are fairly valued today, the highest percentage in nearly five years. “It’s difficult to get excited about the sustainability of a market rally that consists of expanding valuations in a slowing or declining earnings environment,” as Marc Dion, chief investment officer (CIO) at Wisconsin-based Morgan Dempsey Capital Management, told Barron's. Ingrid Hendershot, … [Read more...] about Bulls’ Ranks Fall to Lowest in 3 Years as Stocks Hover Near Highs
Teen sex-trade procurer and customer arrested, 2 underage girls rescued
Police arrest a 27-year-old man for buying sex services from a minor during a raid on a love motel in Muang district of Kanchanaburi. A 16-year-old girl who allegedly acted as a procurer was also arrested. (Photo supplied) A teen girl who allegedly acted as a sex-trade procurer and a customer have been arrested at a love motel in Muang district of Kanchanaburi, police said. Two rescued underage girls told police some customers forced them to take illicit drug and engage in violent sexual acts that were recorded on video. A police team arrested Chairat Jeenkrachan, 27, on charges of depriving a minor aged over 15 but under 18 for indecency. They also arrested a 16-year-old girl (whose name was withheld) on charges of trafficking and unlawfully profiting from a minor aged over 15 but under 18 by procuring the victim for prostitution. The arrests took place at a love motel in tambon Pak Phraek of Muang district, Pol Maj Gen Wiwat Kamchamnan, commander of the Anti-Trafficking in … [Read more...] about Teen sex-trade procurer and customer arrested, 2 underage girls rescued
Is Twitter Really Worth $46.5 Billion Dollars?
Share to Twitter Share to Linkedin Elon Musk appears to have gotten cold feet about buying Twitter TWTR , and is now serving up the excuse that they are putting forth false statistics on user numbers, while offering up that 20% of their accounts are fake or spam versus the company’s claim they are under 5% despite Musk having no proof of the 20% number. In fact, this is likely a guess and comes out of left field as he fires off tweets like “My offer was based on Twitter’s SEC filings being accurate,” sending a turd emoji to Twitter CEO Parag Agrawal and suggesting the Securities and Exchange Commission (SEC) conduct an investigation into Twitter. This could backfire, as the SEC filed charges in 2019 against Mus k for falsely tweeting, “considering taking Tesla TSLA private at $420/share. Funding secured. Mr. Musk settled with the SEC, paying $20 million personally and $20 million from Tesla and agreeing to run certain Twitter posts by … [Read more...] about Is Twitter Really Worth $46.5 Billion Dollars?
Cudia family submits new evidence against Honor Committee
MANILA, Philippines – The family of dismissed Philippine Military Academy cadet Aldrin Jeff Cudia has submitted new evidence against the Honor Committee that tried him and ordered his dismissal. His family, accompanied by Public Attorney Office chief Persida Acosta, visited Camp Aguinaldo on Wednesday to submit an appeal memorandum seeking a re-trial of the case. A sworn affidavit of Navy Commander Junjie Tabuanda backed Cudia, confirming the rigging of votes when he talked to First Class Cadet Lagura, a member of the Honor Committee. “When he was about to leave I called him, “Lags halika muna dito,” and he approached me and I let him sit down in the chair in front of my table. I told and asked him, “Talagang nadali si Cudia ah..ano ba ang nangyari? Mag-tagalog or mag-Bisaya ka?” He replied, “Talagang NOT GUILTY and vote ko sa kanya sir,” and I asked him, “Oh, bakit naging guilty di ba pag may isang nag NOT GUILTY abswelto na?” He replied “Chinamber ako sir, … [Read more...] about Cudia family submits new evidence against Honor Committee
Ex-cop escorts Atong Ang, Gretchen Barreto through Naia — BI
Charlie ‘Atong’ Ang. INQUIRER FILE A former policeman escorted Charlie “Atong” Ang, actress Gretchen Barreto and company through the Ninoy Aquino International Airport (Naia) when they arrived from a trip to Bangkok, Thailand, on Sunday, a Bureau of Immigration (BI) memorandum said. A certain “retired SPO4 Ciriaco Peralta” told BI personnel under the Border Control and Intelligence Unit (BCIU) that he would be escorting Ang, who was with Barreto, according to the memo by Marc Red Mariñas, acting chief of the Port Operations Division (POD). Peralta “approached the BCIU on duty informing that he will be assisting Mr. Ang,” said the memo submitted to Immigration Commissioner Jaime Morente. The BI said Peralta allegedly wore a pass from the airport’s pass control office when he met Ang, Barreto and company and escorted them to the immigration counter of the NAIA 1 terminal. The report described Peralta as “a media practitioner” and added that he was “reportedly an employee of … [Read more...] about Ex-cop escorts Atong Ang, Gretchen Barreto through Naia — BI
Bt1.5b resort to open in Phuket in 2012
PHUKET: A new 350-room, five-star luxury resort will open in the South Patong hillsides of Phuket by the end of 2012. News of the 1.5-billion-baht project was announced by Bangkok-based hotel and resort consultants Mai-BS (Thailand). The firm is headed by Klaus Rauter, former general manager at Andara Villas and Suites. “We are extremely proud of having been selected and appointed as the consultant to the owner for this 1,500 million baht five-star resort owned by truly experienced and professional developers,” said Mr Rauter. “Mai-BS (Thailand) will work with the owners and current team as consultant to select the right management company for this stunning property, to ensure best use of space in all areas of the hotel, to ensure best comfort for guests and employees through modern and efficient designs in all areas of the resort,” he added. Mai-BS has inked a deal for Phuket-based Yangrangsi Co Ltd to develop the project at the south end of Patong. The site is located … [Read more...] about Bt1.5b resort to open in Phuket in 2012
Work on Phuket landmark delayed
PHUKET: Work on the “Patong City” welcome sign project is more than a month behind schedule, but should be ready sometime next month, officials say. Construction work was abandoned during heavy rains last week, Patong municipal officer Siwapong Chechang told the Gazette. “It is too dangerous to continue work when it rains heavily so the project is going much slower than expected,” he said. This afternoon Mr Siwapong said workers were back on the job, doing their best to cope with the difficult conditions. On rainy days the workers tend to focus on parts of the construction, such as masonry, that can be completed without the added risk of obstructing passing motorists. Long tailbacks form “immediately” if any construction materials fall into road, he said. The project contractor has every reason to move as quickly as possible because the scheduled completion date has already passed and the company is now subject to fines which mount daily. The contractor should be able … [Read more...] about Work on Phuket landmark delayed
AIS hosts high school contest
Ms Rungtip says AIS is committed to supporting the country's e-sports industry to be on par with international tournament standards. SET-listed Advanced Info Service (AIS) is set to organise Thailand's first high school e-sports competition on a national level through collaboration with partners to promote the country as the e-sports hub in Asean. The country's biggest mobile operator is working with Dutch Mill dairy and Belink Media, an out-of-home media service operator, for the tournament dubbed AIS eSports S Series 2022. The competition is expected to draw 5,000 players from around 1,000 participating teams and 100 schools. The project enables AIS to catch the surging wave of the country's gaming market. Last year, AIS's eSports S series event, which focused on Bangkok schools, succeeded in gaining 2 million viewers, 455 participating teams and eight schools. Arena of Valor (RoV), a popular online game, was chosen for the 2022 competition. In the SEA Games, which … [Read more...] about AIS hosts high school contest