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☆ Digital advertisers want 'premium content' — but are in a battle over how to define it
▼ + stars: | 2024-06-18 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +7 min

Read previewPublishers are racing to be known for "premium" content to keep advertising revenue afloat, but there's a swirling debate in the industry over how to define it. AdvertisementFor example, some broadcasters are pitching their streaming content as premium by selling it directly to advertisers without using third-party adtech companies. Broadcasters are gunning for control of streaming ad dollarsAt the same time, TV publishers are angling to define themselves as makers of premium content that appeals to advertisers. Instead of premium content, many advertisers are more concerned with premium audiences who are watching streaming content. Still, Gupta from U of Digital said that broadcasters have the upper hand in deciding what is considered premium content because there is a lack of high-quality content in streaming environments.

Persons: —, Max, Critics, Joe Root, Shiv Gupta, Gupta, Permutive's Root, Digital's Gupta, gunning, Rachel Eckerling Organizations: Service, Business, Hulu, Disney, Google, Trade, Association for National, Jounce Media, ANA, Universal, Broadcasters, Publicis, Precision, CTV, Publishers, Industry, Interactive

☆ Google cut Uncle Sam a $2 million check so it could avoid a jury trial. A judge just agreed
▼ + stars: | 2024-06-07 | by ( Samantha Delouya | ) edition.cnn.com time to read: +1 min

CNN —A US federal judge ruled on Friday that an antitrust lawsuit brought by the US government against Google will be decided by a judge and not a jury after Google wrote the government a check, paying back the full amount of monetary damages the lawsuit sought. The case regarding Google’s advertising technology is the first antitrust suit against a Big Tech company brought by the Biden administration. US District Judge Leonie Brinkema’s decision on Friday is a setback for the Justice Department, which sought a jury trial for the case. We’re glad the Court ruled that this case will be tried by a judge,” Schottenfels said. We look forward to making our case in court.”A hearing is set for June 21 on Google’s motion for summary dismissal, which would terminate the case without a trial.

Persons: Biden, Leonie Brinkema’s, Brinkema, —, Peter Schottenfels, “ DOJ’s, We’re, ” Schottenfels, we’ve, ”, Brian Fung Organizations: CNN, Google, Big Tech, Justice Department, DOJ

☆ $17 billion UK adtech lawsuit against Google can go ahead, tribunal rules
▼ + stars: | 2024-06-05 | by ( ) www.cnbc.com time to read: +1 min

Google parent Alphabet must face a mass lawsuit which accuses it of abusing its dominance in the online advertising market, London's Competition Appeal Tribunal (CAT) ruled on Wednesday. The lawsuit, which seeks damages of up to 13.6 billion pounds ($17.4 billion) on behalf of publishers of websites and apps based in the United Kingdom, is the latest case to focus on the search giant's business practices. Ad Tech Collective Action is bringing the claim on behalf of publishers who say they have suffered losses due to Google's allegedly anticompetitive behaviour. Google last month urged the CAT to block the case, which it argued was incoherent. Ad Tech Collective Action's lawsuit is just the latest against a tech giant at the CAT, which already this year has certified a $3.8 billion case against Facebook parent Meta and a nearly $1 billion case against Apple.

Organizations: Ad Tech, Google, CAT, Ad, Facebook, Apple Locations: United Kingdom

☆ Nvidia could be set for a 30% correction as it faces 3 major headwinds, including waning demand and competition, says a senior investment researcher
▼ + stars: | 2024-06-04 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

"The company made a massive switch in its consumer mix," said Sandeep Rao, a senior researcher at Leverage Shares, an investment management company. As for competition, even if Nvidia's contenders appear weak, more entrants will grab market share. Beth Kindig, the CEO and lead tech analyst for the I/O Fund, estimates that AMD's market share could reach 20%. Nvidia and AMD have similar production costs since neither makes their GPUs but uses the same supplier, Taiwan Semiconductor (TSMC). "So AMD is a little bit behind in terms of performance," Rao said.

Persons: Sandeep Rao, corporates, Rao, Nvidia's, Blackwell, Rubin, AMD'sRadeon, Beth Kindig, Nvidia's Blackwell Organizations: Service, Apple, Microsoft, Business, Nvidia, Semiconductor, Nvidia Investors, AMD, Taiwan Semiconductor, Intel, Baidu Locations: China, India

☆ Kindig: Nvidia is heading towards a $10 trillion market cap
▼ + stars: | 2024-05-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKindig: Nvidia is heading towards a $10 trillion market capBeth Kindig, Lead Tech Analyst at the I/O Fund, discusses Nvidia's market-cap outlook following its stock surge last week.

Persons: Beth Kindig Organizations: Nvidia, Lead

☆ Russia is finally getting serious about its war, and it spells trouble for Ukraine
▼ + stars: | 2024-05-18 | by ( Jake Epstein | ) www.businessinsider.com time to read: +12 min

Much of the war in Ukraine has gone poorly for Russia. But Russian President Vladimir Putin's war machine looks very different today than it did at the start of the conflict. The Russian military continued to suffer from other problems in the first year of fighting, racking up troop and equipment losses while failing to capture significant amounts of Ukrainian territory. AdvertisementThe following month, a top US official and general said, respectively, that the Russian military was "almost completely reconstituted" and had "grown back" to its pre-war strength. The employment of glide bombs to support ground maneuver is the primary example of how Russia's military is successfully learning from its past shortcomings, Barros said.

Persons: —, Vladimir Putin's, Putin, Vladimir Putin, Miguel Diaz, Canel, Maxim Shemetov, George Barros, Russia's, Stringer, They've, Chris Cavoli, Andrei Belousov —, Sergei Shoigu, Barros, It's, Andrei Belousov, VYACHESLAV PROKOFYEV, Oleksandra Novosel, Biden, Sergey Pivovarov, Mick Ryan, Jack Watling Organizations: Service, Business, Cuban, Institute for, Ukraine, REUTERS, Allied, US European Command, Sputnik, Security, Defense, Getty, JSC, UA, PBC, 42nd Separate Mechanized Brigade, Russian, Kharkiv, Royal United Services Institute Locations: Russia, Moscow, Ukraine, Ukraine —, —, Russian, Kharkiv, Kherson, Robotyne, Ukraine's Zaporizhzhia, Soviet, Shevchenkivskyi, Avdiivka, Washington, Russia's Rostov, Australian, Kyiv

Netflix's cheaper, ad-supported tier has amassed 40 million global monthly active users, the company said Wednesday. That's nearly double the 23 million figure the streaming giant shared in January. The company also said it would launch its own advertising platform and no longer partner with Microsoft for that technology. The tech giant will remain a programmatic advertising partner, but will also be joined by other ad tech companies including The Trade Desk, Google Display & Video 360 and Magnite. The streaming giant joined its media peers for the second time in making an annual pitch to lock in advertising for its platform.

Persons: That's, Ted Sarandos, Sarandos Organizations: Microsoft, Netflix, National Football League, CNBC, NFL Locations: Canada, U.S

☆ MDMA therapy could be legalized by summer. Why are so many advocates sounding the alarm?
▼ + stars: | 2024-05-13 | by ( Anna Silman | ) www.businessinsider.com time to read: +52 min

Last summer, thousands of tie-dyed Burners and Patagonia-clad tech founders converged on the MAPS Psychedelic Science conference in Denver. The experience "broke the spell of this trauma, and she was able to rebuild her life," Doblin told The Guardian . The video team's job was to store recordings of every MDMA therapy session performed in the clinical trials. Grof believes in something called an "inner healing intelligence," an innate capacity for self-healing that psychedelic therapy helps unleash. Another time, a patient who had come to an MDMA therapy session later acknowledged they had been under the influence of LSD during treatment.

Persons: Jaden Smith, Aaron Rodgers, bro, Andrew Huberman, Rick Doblin, Doblin, mainstreaming psychedelics, influencers, Johnson, Elizabeth Nielson, Aubrey Marcus, ayahuasca, Matthew Stockman, Helena —, Timothy Leary, —, Hitler, Stanislav Grof, zombified, Brad Burge, Michael Mithoefer, Annie Mithoefer, Oprah, Sen, Joe Biden, MDMA's neurotoxicity, they'd, Albert Hofmann, David Bronner, Dr, Joe's, Bronner, Bronner's, Richard Rockefeller, John D, Rockefeller Jr, Rockefeller, Neşe, Johns Hopkins, who's, Devenot, Rick Friedman, Betty Aldworth, MAPS's multimillionaire, Tim Ferriss, Cody Swift, Zendo, Aldworth, Erica Siegal, Seth Whitelaw, Amy Emerson, JULIE JAMMOT, Ifetayo Harvey, Harvey, Lauren Unger, Unger, Casey Hardison, Harvey didn't, Hardison, Doblin's, Baylee Ybarra Gatlin, Gatlin, negligently, There's, Michael Pollan's, Steve Jurvetson, Elon Musk's who's, Genevieve, Steve Cohen, Alexandra, Mark Zuckerberg's, Dustin Moskovitz, Cari, Gwyneth Paltrow, Paltrow, Sergey Brin, Joe Green, Green, Zuckerberg, Genevieve Jurvetson, Michael Pollan, Jonathan Lubecky, he'd, Rebekah, Robert Mercer, Elizabeth Koch, Charles Koch, Rachel Nuwer, Koch, she'd, MAPS's, Elizabeth Crystal, Joe Rogan, didn't, Jesus Christ, Crystal, Meaghan Buisson, Richard Yensen, Donna, Yensen, Buisson, weren't, Robert, Rebekah Mercer, Sean Zanni, Grof, They've, Kayla Greenstien, it's, George Sarlo who'd, Vicky Dulai, Sarlo's, Dulai, Gul Dolen, Michael Mullette, who'd, Marla Aufmuth, Mullette, Lily Kay Ross, David Nickles, Ross, Greenstien, Rick, Lenny Ignelzi, biostatisticians, Lykos, Peter Thiel, Kara Swisher, Kris Lotlikar, Federico Menapace, Mo Septimus, Handout, Monnica, Williams, Lotlikar, Henry Elkus, Helena ., Elkus, Emerson, ICER Organizations: Science, New York Jets, rockstar, Multidisciplinary Association for Psychedelic Studies, Lykos Therapeutics, and Drug Administration, FDA, Business, Florida's New College, Jewish Telegraphic Agency, Sarasota Herald, Tribune, New College, Guardian, Drug, Harvard's Kennedy School of Government, eBay, Nevada, Doblin, Pentagon, Department of Veterans Affairs, Department of Defense, Staff, Corporation, PBC, pharma, New Yorker, New York Mets, Bloomberg, CBS, Breitbart, CBC News, BI, Porsche, Santa Cruz, New York Times, longtime, Mullette Corporation, New York, Health Canada, Compass, Sciences, Psychedelic Science, Whole Foods, McKinsey, Big Pharma, Vine Ventures, Lucid, Street Journal, Investments, Gawker, Publicly, PBC alums, Numinus, US Army Locations: Patagonia, Denver, Harvard, Colorado, Skokie , Illinois, Ireland, Czech, Sarasota, Arcturus, Florida, Swiss, Vietnam, Washington, Santa Cruz, Chicago, California, Iraq, British Columbia, New York, Hawaii, Santa, Nature, Moderna, Europe, Helena, Yale, Australia, Canada, Israel, Ukraine, ICER, . Upper

☆ Why one economist says Elon Musk has turned Tesla into a meme stock
▼ + stars: | 2024-05-02 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The economist thinks the firm no longer keeps up with what CEO Elon Musk promises. Musk really wants Tesla to be a tech company, but it's an automaker, DeLong said. Advertisement"For all the current Tesla shareholders planning to offload their holdings in the next couple of years, everything hinges on the company succeeding as a meme stock, and Musk is diligently working toward that goal," DeLong argued. Last month, investor Roger McNamee warned that the stock would start trading like a car company if shareholders decided that Musk wasn't central to its narrative. In a similar vein, short-seller legend Jim Chanos called Tesla a "hopes and dreams" stock, trading more on Musk than fundamentals.

Persons: J, Bradford DeLong, Elon Musk, Musk, Tesla, DeLong, —, Elon, Roger McNamee, Jim Chanos Organizations: Project Syndicate, Service, UC Berkeley, Street

☆ Google is once again dictating the future of the online ad industry and all its rivals can do is brace for impact
▼ + stars: | 2024-04-24 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +7 min

When Google sneezes, the entire online advertising industry catches a cold. Google's announcement Tuesday that it would again delay its planned timeline for killing off third-party tracking cookies had long been anticipated by the digital advertising industry. Google has a 28% share of the online ad market, according to market research firm Emarketer (a sister company to BI). Regulators could step in to resolve the cookie chaosSome industry experts are hoping regulators will step in to untangle the mess. Amid the four years of confusion, chaos, and harumphing, there has been one consistent theme: When it comes to the future of online advertising, Google calls the shots.

Persons: Ciaran O'Kane, WireCorp, hasn't, Sundar Pichai, Stephen Lam, Mathieu Roche, James Rosewell, Google's, haven't, Pierre Devoize, Devoize Organizations: Google, Business, Gmail, Antitrust, US Department of Justice, European Commission, UK's, Markets Authority, CMA, Industry, IAB Tech, EU Google, Chrome, Movement Locations: FirstPartyCapital

☆ Cramer: The 'proximate cause' of Super Micro's 23% drop Friday? Go back to March 8
▼ + stars: | 2024-04-21 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

At law school, we learned about "proximate cause," one of the few valuable concepts you can take from three years of drudgery. But was that the proximate cause? No, the real proximate cause, the one that's really at fault, was the February unemployment report, which came out on March 8. At the time, many thought the proximate cause of Nvidia's pirouette was the performance of two chipmaker peers. Surely those two updates couldn't be the proximate cause of the peak of Nvidia, right?

Persons: It's, Let's, pirouette, Matt Murphy, Jay Powell, Powell, Zeus, Biden, Jim Umpleby, ferociously, Jeff Marks, Morgan Stanley, haven't, Mills, Jim Cramer's, Jim Cramer, Jim, Ann Wang Organizations: Nvidia, hasn't, Marvell Technology, Club, Broadcom, Marvell, Federal, Caterpillar, Microsoft, Nasdaq, Apple, Procter, Gamble, Jim Cramer's Charitable, CNBC, Micro Locations: It's, what's, Wells Fargo, Taipei, Taiwan

The U.S. has passed a series of export controls starting in October 2022 aimed at restricting China's access to advanced chip technology, particularly those used in AI applications. According to data from tech consultancy Omdia, China consumes nearly 50% of the world's semiconductors as it is the biggest market for assembling consumer devices. But, soon after, it was reported that Nvidia was working on a new chip made for China. The company did not respond to a request for comment on their plans for the China market. An analysis of Huawei's Mate 60 Pro smartphone by TechInsights revealed an advanced chip made by China's top chip maker, SMIC.

Persons: Wong Yu Liang, Chris Miller, William B, Bailey, Donald Trump, TechInsights Organizations: AMD MU, P Global, Intel, Broadcom, Qualcomm, Marvell Technology, U.S, The, CNBC, Nasdaq, Intelligence, Micron Technology, AMD, Nvidia, Huawei, Semiconductor Industry Association, America's Micron, country's Cyberspace Administration, Micron Locations: China, The U.S, U.S, Washington, Xi'an, Netherlands, Beijing

☆ Inside the AI talent-hiring frenzy
▼ + stars: | 2024-03-27 | by ( Aaron Mok | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe fight to hire the best AI talent is heating up as companies large and small compete in the race to create the best products in the booming sector. Last week, Mustafa Suleyman, the cofounder of Google's DeepMind, left his startup Inflection AI to lead tech giant Microsoft's consumer AI division as CEO. "AI talents are some of the most highly compensated in today's job market," Alex Libre, the cofounder and principal recruiter of Einstellen Talent, a service that matches job candidates with generative AI startups, told BI. Related stories"There is undoubtedly a shortage in AI talent," Libre says.

Persons: —, Mustafa Suleyman, Google's DeepMind, Aravind Srinivas, pricey, Sam Altman's, OpenAI, Salesforce, J.T, O'Donnell, Alex Libre, He's, They're, Ray, Flavien, Coronini Organizations: Service, Meta, Business, Big Tech, Companies, Tech, Libre, Big, . Workers, Microsoft

☆ Laid-off techies face 'sense of impending doom' with job cuts at highest since dot-com crash
▼ + stars: | 2024-03-15 | by ( Alex Koller | ) www.cnbc.com time to read: +12 min

Last month's job cut count was the highest of any February since 2009, when the financial crisis forced companies into cash preservation mode. CNBC spoke to a dozen people who have been laid off from tech jobs in the past year or so about their experiences navigating the labor market. Additionally, some listings required applicants to have advanced degrees or professional experience in machine learning and artificial intelligence, a new development in Croisant's experience on the job market. "It is a combination of how well you brand yourself, about your access through networking to any given position — to the hidden job market." Still, Powers said she's trying to stay optimistic, "because giving up is not going to get me a job."

Persons: Ed Jones, Allison Croisant, Croisant, Roger Lee, Layoffs.fyi, Lee, I'm, Powers, who's, Tayfun, Christopher Fong, Fong, Michael Kascsak, Kascsak, It's, Lee of Layoffs.fyi, Amit Mittal, Amit Mittal Amit Mittal, Mittal, he's, Bill Vezey, —, Vezey, She's, would've, she's, Jennifer Elias Organizations: Afp, Getty, PayPal, Meta, Microsoft, eBay, Unity Software, SAP, Cisco, Wall, CNBC, Google, Anadolu Agency, Nationwide Locations: New York, Omaha , Nebraska, Comprehensive.io, Natchez , Mississippi, View , California, United States, Austin , Texas, U.S, who's, India, Chicago, Santa Cruz , California

☆ Facebook has 'massive economic value,' says Jefferies' lead tech analyst Brent Thill
▼ + stars: | 2024-03-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFacebook has 'massive economic value,' says Jefferies' lead tech analyst Brent ThillBrent Thill, Jefferies managing director & tech sector leader, joins 'Fast Money' to talk President Trump's comments calling Facebook the 'enemy of the people' and what risk that presents to Meta as a company.

Persons: Jefferies, Brent Thill Brent Thill, Trump's Organizations: Facebook, Meta

☆ Emergency dispatchers are using AI and cloud-based tools to help those in need faster
▼ + stars: | 2024-03-11 | by ( Leila Jordan | ) www.businessinsider.com time to read: +8 min

Better tech could help workers prioritize calls, avoid logistical issues, and catch crucial details. While many people in the industry have acknowledged a need for better emergency tech, its implementation has varied across states. Anthony Mignogna, the chief of communications for Delaware County Emergency Services, recalled using the transcription service while taking a call from someone in danger. Carbyne also recently rolled out an AI-powered triage system designed to help centers prioritize calls during high-volume periods or nonemergency situations. He called on the federal government to step in to help centers access new services.

Persons: —, Raquel Lewandowski, John Heinz, Lewandowski, Michael, Brian Fontes, Alex Dizengof, Anthony Mignogna, Mignogna, Carbyne, Heather Hilliard, Dizengof, it's, Karima Holmes, Fontes Organizations: Service, John, Wildlife, Association, Emergency Services, Orleans Parish Communication, Emergency Communications Center Locations: Delaware County , Pennsylvania, Tinicum, Philadelphia, Canada, Carbyne, Delaware, Orleans Parish, Louisiana, Lincoln , Nebraska

☆ Retailers turn to an unlikely source to boost profits. Walmart shows how powerful this lever could be
▼ + stars: | 2024-03-05 | by ( Alex Harring | ) www.cnbc.com time to read: +9 min

There are three main routes through which retailers like Walmart benefit from advertising, Tarlowe said. The focus in retail advertising once transitioned from in-store to retailer websites with the e-commerce boom, Gutman said. Walmart: The pack leader With the deal, Walmart appears ahead of the retail pack, Gutman said. Connected TV is also just one part of a broader tide-change that's bolstering optimism on the stock, analysts told CNBC Pro. Other retail ideas Beyond Walmart, analysts said retailers need size and scale to perform well within off-site advertising.

Persons: Jefferies, Corey Tarlowe, Tarlowe, Morgan Stanley, Matt, Simeon Gutman, Gutman, it's, Roku, FactSet, Warren Buffett, Franklin Templeton, Dan Niles Organizations: Walmart, Intelligence, Retailers, Albertsons, CNBC, P Retail, Costco, Target, FactSet, TGT, Nvidia, & & , & & () Locations: Arkansas, Vizio

☆ Google hit with $2.3 billion lawsuit by Axel Springer, other media groups
▼ + stars: | 2024-02-28 | by ( ) www.cnbc.com time to read: +2 min

The Google corporate logo hangs outside the Google Germany offices on August 31, 2021 in Berlin, Germany. Alphabet 's Google was hit with a 2.1-billion-euro ($2.3 billion) lawsuit by 32 media groups including Axel Springer and Schibsted on Wednesday, alleging that they had suffered losses due to the company's practices in digital advertising. "Without Google's abuse of its dominant position, the media companies would have received significantly higher revenues from advertising and paid lower fees for ad tech services. Crucially, these funds could have been reinvested into strengthening the European media landscape," the lawyers said. Others in the group include Austria's Krone, Belgian groups DPG Media and Mediahuis, Denmark's TV2 Danmark A/S, Finland's Sanoma, Poland's Agora, Spain's Prensa Iberica and Switzerland's Ringier.

Persons: Axel Springer, Schibsted, Stek, Big, Austria's, Finland's Organizations: Google, Geradin Partners, Publishers, DPG Media, Denmark's TV2, Spain's Prensa Locations: Berlin, Germany, Austria, Belgium, Bulgaria, Czech Republic, Denmark, Finland, Hungary, Luxembourg, Netherlands, Norway, Poland, Spain, Sweden, Europe, Austria's Krone

☆ The next phase of the war between Walmart and Amazon will be fought on your TV
▼ + stars: | 2024-02-25 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Representatives for Walmart and Amazon did not respond to requests for comment from Business Insider. Walmart currently sells ad space to suppliers on its internal site and app and conducts ad campaigns through promoted posts on external social media sites. Advertisement"Walmart's consumer reach could propel Vizio's ad business to eventually rival Samsung and Roku. In Q4, which included the holiday shopping season for both companies, Walmart reported $173.4 billion in revenue, compared to Amazon's reported $169.96 billion.

Persons: —, Forbes, David Zapletal, Kenneth Suh, AdWeek, Ross Benes, Doug Herrington, Fortune, Seth Dallaire Organizations: Service, Amazon, Business, Walmart, Hulu, Walmart Connect, Samsung, CTV, Insider Intelligence, Amazon's

The tech sector is having a big 2024. Hotter-than-expected inflation data may also keep the Fed from cutting rates as soon as the market expects, a sign that the economy remains strong enough to support tighter monetary policy for longer. It's a different story for tech workers, though. The number of tech sector layoffs in 2024 has been outpacing the number of terminations in 2023. So far, about 42,324 tech employees were let go in 2024, according to Layoffs.fyi, which tracks layoffs in the tech industry.

Persons: Jeff Shulman, There's, haven't, they've Organizations: Nvidia, University of Washington's Foster School of Business, Companies Locations: U.S

☆ Here are Friday's biggest analyst calls: Nvidia, Nike, Tesla, Coinbase, Arm, Meta, Eli Lilly, UPS, Carvana & more
▼ + stars: | 2024-02-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Here are Friday's biggest calls on Wall Street: Bank of America reiterates Meta as buy Bank of America said it's bullish on Meta adding the Broadcom CEO to its board of directors. Bank of America reiterates Nvidia as buy Bank of America said it's standing by the stock heading into earnings next week but that a pullback is possible. Baird upgrades UPS to outperform from neutral Baird said in its upgrade of UPS that the risk/reward is too attractive to ignore. Bank of America downgrades Dropbox to underperform from buy Bank of America said the "bull thesis has played out" for the data storage company. Bank of America upgrades Cellebrite to buy from neutral Bank of America said it sees business trends stabilizing for the digital intelligence company.

Persons: it's, Hock Tan, NVDA, Goldman Sachs, Goldman, TD Cowen, Grosvenor, KBW, TTD, Baird, Wells, Tommy Hilfiger, Tommy, Raymond James downgrades Carvana, Raymond James, Wayfair, Oppenheimer, Morgan Stanley, Tesla, Guggenheim, SunPower, Jefferies, Eli Lilly, Roku Organizations: Bank of America, Meta, Broadcom, " Bank of America, Nvidia, Informatica, BMO, Trade, Google, U.S, UPS, JPMorgan, Daiwa, CY2025, UBS, Newell Brands, RBC, Nike, of America, Barclays, Netflix, JPMorgan downgrades Bloom Energy, BE, Pharma Locations: CY24, CY2024, Wayfair, U.S

☆ DOJ antitrust case targeting Google’s ad-tech business will go to trial in September, federal judge rules
▼ + stars: | 2024-02-05 | by ( Brian Fung | ) edition.cnn.com time to read: +2 min

Washington CNN —A blockbuster lawsuit by the US government against Google’s ad business will go to trial in September, according to a federal judge. The case regarding Google’s advertising technology is the first antitrust suit against a Big Tech company brought by the Biden administration, which has pledged to vigorously enforce the nation’s competition laws, particularly in the tech sector. It follows a multi-week trial last fall that challenged Google’s prime position as the default search engine on millions of devices. The search case was first filed by the Justice Department during the Trump administration. Closing arguments in the Google search case are expected to take place in the spring.

Persons: Washington CNN —, Leonie Brinkema, Biden, Trump Organizations: Washington CNN, Court, Eastern, of, Big Tech, DOJ, Google, Justice Department Locations: of Virginia

☆ Meta's continued rally could hinge on the fortunes of upstart retailers Temu and Shein
▼ + stars: | 2024-01-31 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +9 min

Temu is owned by PDD Holdings , a Chinese company that moved its principal office to Ireland last year. Meta is expected to report revenue growth of 22% for the quarter to $39.2 billion, according to analysts surveyed by LSEG, formerly Refinitiv. JMP analysts estimated that Temu and Shein spent roughly $600 million and $200 million, respectively, on Facebook and Instagram ads in the third quarter. In December, Temu sued Shein, alleging questionable business practices and a "mafia-style intimidation of suppliers," according to legal documents. Meta isn't the only U.S. internet company effected by the speedy growth from Temu and Shein.

Persons: Mark Zuckerberg, Jack Ma, Shu Zhang, Victor Lee, Lee, who's, Shein, Meta, Pavlo Gonchar, Temu, didn't, Susan Li, data.AI, It's, Chris Mack, Harding Loevner, they've, Mack, Shein confidentially, Mike Gallagher, Gallagher, Brian Wieser, Josh Silverman, Silverman Organizations: Alibaba, China Development Forum, Reuters, Facebook, Hasbro, Unified Commerce, Amazon, PDD Holdings, U.S, Mobile, Meta, LSEG, Getty, CNBC, Cyberspace Administration, China, Street Journal, Google Locations: Beijing, China, Ireland, Singapore, UKRAINE, U.S, United States, Wall, Asia, Pacific, Temu, Meta

☆ Ariana Grande's newest muse 'Eternal Sunshine of the Spotless Mind' is a tragic film disguised as romance
▼ + stars: | 2024-01-17 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +6 min

Read previewAriana Grande confirmed fan suspicions on Wednesday when she announced the title of her seventh album: "Eternal Sunshine." The coordinates led to Montauk, New York, a key location in the 2004 sci-fi film "Eternal Sunshine of the Spotless Mind." But the promise of a "spotless mind," free of anger and heartache, is too enticing. My very first viewing of "Eternal Sunshine of the Spotless Mind" occurred in 2010, when I was 14. The "eternal sunshine of the spotless mind" is, in short, a lie.

Persons: —, Ariana Grande, Charlie Kaufman, Michel Gondry, Joel Barish, Jim Carrey, Grande's, Clementine Kruczynski, Kate Winslet, Clementine, who'd, It's, I'd, Joel, haters, I've, She's, Mary Svevo, Kirsten Dunst, Howard, Howard Mierzwiak, Tom Wilkinson, Mary, she's, Mary reveres Organizations: Service, Business, happenstance Locations: Montauk , New York

☆ CNBC Pro Talks: Top strategists and stock pickers share their 2024 market playbook
▼ + stars: | 2024-01-11 | by ( Yun Li | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Pro Talks: Top strategists and stock pickers share their 2024 market playbookThe S&P 500 ended 2023 with a bang, up 24% on the year despite persistent recession warnings, a regional banking crisis, widespread tech layoffs, and 'higher-for-longer' interest rates. Can the stock market momentum continue into 2024? Oppenheimer's John Stoltzfus, Requisite Capital Management's Bryn Talkington and Capital Wealth Planning's Kevin Simpson each break down their 2024 market outlooks and field stock-specific questions from CNBC PRO subscribers.

Persons: Oppenheimer's John Stoltzfus, Bryn, Kevin Simpson Organizations: Wealth, CNBC Locations: Bryn Talkington

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