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☆ Tech had a rough day. But don’t call it a dot-com meltdown moment yet
  + stars: | 2024-08-06 | by ( Clare Duffy | ) edition.cnn.com   time to read: +6 min
On Monday afternoon, a federal judge ruled that Google violated US antitrust law with its search business. And despite yesterday’s decline, which already appears to have begun reversing, shares of Apple, Amazon, Microsoft, Meta, Google and Nvidia all remain up strongly year-to-date. Anything that threatens its market share could also put that core business — already facing competitive threats from emerging AI tools — at risk. It could also embolden lawmakers who have been looking to crack down further on the power of Big Tech. “This ruling will inspire short-term confidence for DuckDuckGo, Yahoo and other Google Search competitors.
Persons: New York CNN — It’s, “, Charlie Miner, ” Miner, Angelo Zino, ” Zino, they’re, it’s, ” Sen, Amy Klobuchar, ” Organizations: New, New York CNN, P Global, Investors, Google, US Federal Reserve, Big Tech, CNN, Research, Apple, Microsoft, Meta, Amazon, Nvidia, Tech, Yahoo Locations: New York, Google’s
☆ The new normal on Twitter: watching it break
  + stars: | 2023-03-12 | by ( Jennifer Korn | ) edition.cnn.com   time to read: +5 min
When he would check his notifications tab on Twitter, Sinker, who has tens of thousands of followers, often saw the platform recommend the same weeks-old tweet from another user. Probably, but it becomes a less sure thing with each bit that falls off,” Sinker, a writer who has been on Twitter since 2007, told CNN. But in trying to cut his way to profitability, Musk risks making Twitter a less viable service. Weeks earlier, Twitter users encountered other various issues with the platform, including the inability to tweet, send direct messages or follow new accounts. After some publications pointed out the sudden surge in Musk posts in users’ feeds last month, the Twitter CEO responded: “Please stay tuned while we make adjustments.”
☆ Snap stock surges as Congress renews efforts to ban TikTok
  + stars: | 2023-03-07 | by ( Catherine Thorbecke | ) edition.cnn.com   time to read: +2 min
Virginia Democratic Sen. Mark Warner is expected to unveil bipartisan legislation Tuesday afternoon that expands President Joe Biden’s authority to ban TikTok and other suspected information technology risks from the United States, a person familiar with the matter told CNN. Angelo Zino, senior equity analyst CFRA Research, wrote in a note Monday that the “biggest beneficiaries of a TikTok ban” would be Snapchat, Facebook-parent Meta, and YouTube. “TikTok’s emphasis on short-form videos has increased engagement/time spent by consumers and has upended the entire industry, creating a headwind for META/SNAP,” Zino wrote. Shares of YouTube’s parent company Alphabet were essentially flat on Tuesday. A TikTok ban, or the possibility of it, may just be one more positive for Meta’s stock this year.
☆ Tech earnings are coming and they probably won’t be pretty
  + stars: | 2022-10-20 | by ( Clare Duffy | ) edition.cnn.com   time to read: +5 min
Apple (AAPL), Amazon (AMZN), Facebook (FB)-parent Meta, Microsoft (MSFT), Twitter (TWTR) and Google-parent Alphabet (GOOGL) will each report earnings results the following week. “People probably should be bracing themselves for these results,” said Scott Kessler, technology global sector lead at research firm Third Bridge Group. Rampant inflation is eating away at consumers’ paychecks and reducing their ability to spend freely on tech products and services. To make matters worse, tech companies must also confront the growing strength of the US dollar, which is currently trading at its highest level in two decades. Many of the issues currently weighing on tech companies are unlikely to let up anytime soon, which is why industry watchers will be paying close attention to the guidance these companies offer for the rest of 2022.
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