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January 19, 2022

Meta Platforms Inc

Microsoft sets record for biggest tech deal ever, topping Dell-EMC merger in 2016

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CNBC – For more and to sign up click here Satya Nadella, CEO of Microsoft. Charles Pertwee | Bloomberg | Getty Images Microsoft tried to set a record in 2008, when then-CEO Steve Ballmer pursued plans to buy Yahoo for about $50 billion. It would have been the biggest U.S.......

Microsoft’s $68.7 billion deal for Activision once again shows big tech’s dominance over legacy media

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CNBC – For more and to sign up click here Microsoft’s decision to buy video game company Activision Blizzard in a $68.7 billion shows big tech firms keep pushing the envelope while legacy media companies, desperate to reposition themselves for younger audiences, sit on the sidelines. The largest technology companies,......

Microsoft to buy Activision in $68.7 billion all-cash deal

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CNBC – For more and to sign up click here Microsoft announced Tuesday it will buy video game giant Activision Blizzard in a $68.7 billion all-cash deal. Shares of Activision soared about 37% in pre-market trading before being halted after the Wall Street Journal first reported the deal. Microsoft shares......

Italy has quietly become one of Big Tech’s most prolific antagonists

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CNBC – For more and to sign up click here A protest against multinational technology company Amazon during the Covid-19 pandemic, on Nov. 27, 2020, in Rome, Italy. Antonio Masiello | Getty Images News | Getty Images When Italy’s competition regulator slapped a hefty fine of 1.13 billion euros ($1.28......

Walmart is quietly preparing to enter the metaverse

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CNBC – For more and to sign up click here A shopper carries a bag outside a Walmart store in San Leandro, California, on Thursday, May 13, 2021. David Paul Morris | Bloomberg | Getty Images Walmart appears to be venturing into the metaverse with plans to create its own......

Here’s what it’s like watching an NBA game courtside — in the metaverse

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CNBC – For more and to sign up click here Jabari Young wearing the Oculus Quest 2 device. Source: Jabari Young Boston Celtics head coach Ime Udoka popped up from the team bench, and before I knew it, he was blocking my view. Indiana Pacers coach Rick Carlisle was close......

Cramer’s Investing Club: Here’s a wrap up of this week’s tough market and what’s ahead

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CNBC – For more and to sign up click here Jim Cramer on CNBC’s Halftime Report. Scott Mlyn | CNBC Markets finished the week lower as investors attempted to “price in” (find an appropriate valuation level in the face of higher rates) the potential for as many as four Federal......

State AGs appeal dismissal of their antitrust suit against Facebook

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CNBC – For more and to sign up click here New York State Attorney General Letitia James speaks during a “Defend Democracy” rally, taking place on the first anniversary of the January 6, 2021 attack on the U.S. Capitol, in Brooklyn, New York, January 6, 2022. Brendan McDermid | Reuters......

Google expands London property empire with $1 billion office purchase

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The Central St Giles building in London. DavorLovincic | iStock Unreleased | Getty Images Google has bought a colorful office space in London for $1 billion while it waits for building work on its heavily-delayed U.K. headquarters to be completed. The internet giant announced Friday that it has acquired all......

Goldman-backed digital bank Starling boycotts Meta over scam ads

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CNBC – For more and to sign up click here The Facebook and Instagram logos displayed on a smartphone with the Meta Platforms logo pictured in the background. Igor Golovniov | SOPA Images | LightRocket | Getty Images LONDON — British digital bank Starling says it is boycotting Facebook parent......

How A.I. is set to evolve in 2022, according to the experts

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CNBC – For more and to sign up click here An Ubtech Walker X Robot plays Chinese chess during 2021 World Artificial Intelligence Conference (WAIC) at Shanghai World Expo Center on July 8, 2021 in Shanghai, China. VCG | VCG via Getty Images Machines are getting smarter and smarter every......

Trump SPAC Digital World Acquisition Corp. stock rises after social media app sets target launch date

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CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 29, 2021. Brendan McDermid | Reuters Shares of the company connected to a planned social media app backed by former President Donald......

Stock futures are flat after Dow and S&P 500 close at records

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CNBC – For more and to sign up click here U.S. stock futures were steady in overnight trading on Monday after the Dow Jones Industrial Average and S&P 500 notched new record closes on the first trading day of 2022. Dow futures fell just 20 points. S&P 500 futures slid......

Apple’s rise to $3 trillion market cap shows the value of its massive share buybacks

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CNBC – For more and to sign up click here Apple CEO Tim Cook attends Apple’s “Ted Lasso” season two premiere at Pacific Design Center on July 15, 2021 in West Hollywood, California. Emma McIntyre | WireImage | Getty Images Apple capped off a stunning rise on Monday when it......

An app beloved by wine geeks grew during the pandemic. The founder explains what’s next

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CNBC – For more and to sign up click here Eric LeVine, founder and CEO of CellarTracker, visits the cellar at his Seattle home. Talia LeVine Before there was Facebook, there was CellarTracker. Eric LeVine, a former Microsoft employee who fell in love with wine on a bicycling trip in......

2022 will be the biggest year for the metaverse so far

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CNBC – For more and to sign up click here 2022 is poised to be the biggest year yet for “the metaverse,” as Facebook parent Meta, Apple, Microsoft and Google gear up to release new hardware products and software services in what so far has been a niche market for......

2022 will be the ‘do or die’ moment for Congress to take action against Big Tech

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CNBC – For more and to sign up click here Mark Zuckerberg, chief executive officer and founder of Facebook Inc., speaks during a House Energy and Commerce Committee hearing in Washington, D.C., U.S., on Wednesday, April 11, 2018. Andrew Harrer | Bloomberg | Getty Images The new year could be......

Bought your kid a VR headset for Christmas? You might end up regretting it

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CNBC – For more and to sign up click here Meta’s Oculus Quest 2 virtual reality headset. T3 Magazine | Future | Getty Images Parents who bought their children a virtual reality headset for Christmas could be in for a nasty surprise. Oculus, the VR division of Facebook parent company......

Millennials lead shift away from organized religion as pandemic tests Americans’ faith

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CNBC – For more and to sign up click here It’s not uncommon for people to seek God during times of hardship. However, the opposite appears to have happened during the coronavirus pandemic, with more Americans leaving organized religion. A Pew Research Center survey, released earlier this month, found 29%......

Nasdaq is poised to underperform S&P 500 for first time since 2016 as investors shun tech stocks

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CNBC – For more and to sign up click here For the first time in five years, tech investors aren’t the life of the Wall Street party. As 2021 winds down, the tech-heavy Nasdaq Composite is up 23% for the year, trailing the S&P 500, which has climbed 28%, through......

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