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Tag Archives: microsoft

Henderson on AOC and Allowing Billionaires

In a recent interview, author Ta-Nehisi Coates asked newly elected Democratic Congresswoman Alexandria Ocasio-Cortez whether we “live in a moral world that allows for billionaires.” He clarified, “Is that a moral outcome, in and of itself?” Representative Ocasio-Cortez (henceforth AOC) answered that it is not moral and went on to say, “I do think a system that allows billionaires to exist when there are parts of Alabama where people are still getting ringworm because...

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FANGMAN Stocks Plunge 4.4% Today, Down $905 Billion, or 20%, since Aug. 31

It gets costly when the entire market depends on a handful of over-hyped mega-caps. For the beginning of Thanksgiving week, it was a little messy today in the stock market, with the Nasdaq dropping 3% to 7,028. It’s down 13.6% from its peak at the end of August. But it’s still up 1.8% year-to-date, so nothing serious has happened yet, just some of the gains this year have turned out to be head-fakes. Folks who went through the wholesale Nasdaq destruction of 2000-2002 will just smile...

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Visualizing The Diversity Of The Tech Industry

With the recent leak of the “Google Manifesto” and the maelstrom of media backlash that followed, Visual Capitalist's Jeff Desjardins notes that it seems that concerns around diversity in the technology industry have finally reached a boiling point. Today’s infographic from Information is Beautiful breaks down the demographics of 23 major tech companies, based on statistics from 2016. It also provides comparisons to the composition of the U.S. population in general, the top 50 U.S. companies,...

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Nasdaq Triggers Market-Wide Circuit-Breaker As AMZN “Crashes” 87% After-Hours

Nasdaq has issued a market-wide trading halt amid what appears to be a "glitch" that sent a number of the largest Nasdaq-listed stocks to crash or spike to exactly $123.47 per share. This move crashed the value of companies including Amazon and Apple, sparked chaos in Microsoft, while sending Zynga rocketing up more than 3000%. On the eve of the US Independence Day holiday and in after-hours trading, The FT reports that market data show that companies such as Apple, Amazon, Microsoft, eBay...

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Google Market Cap Hits An All Time High $600 Billion

Even as the US "brick and mortar" retail industry is in a tailspin of historic proportions, its ad spending must be better than ever, because on Monday Google parent Alphabet closed up 2.3%, hitting a new record high, and as Bloomberg pointed out first, the company's market value crossed above $600 billion for the first time ever. Investors chose not to wait for GOOGL earnings due later this week, and bought up shares ahead of the announcement driven by positive analyst comments ahead of 1Q...

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The Profound Implications Of 5 Increasingly Dominant Tech Companies

Authored by Lou Kerner via HackerNoon.com, I first wrote about the increasing domination Facebook, Apple, Microsoft, Google, and Amazon (aka FAMGA) in January of this year. It was not a particularly widely read piece. But every day since then, I’ve become surer of the simple, but profoundly impactful, realization that: The most valuable companies in the U.S. are increasingly tech companies. The concentration of value (as denoted by market cap) being created in tech, is increasingly being...

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With Windows 10, Microsoft Blatantly Disregards User Choice and Privacy

Wolf here: Microsoft has driven me nuts while it was trying to install its “free” Windows 10 on my two computers running Windows 7. The only thing it hasn’t done – not yet at least – is hold a gun to my head. I already know that if I get something for free, I’m the product. This here is a “deep dive” by people who know and who deal with this sort thing, the Electronic Frontier Foundation. Read and gnash your teeth. By Amul Kalia, Electronic Frontier Foundation: Microsoft had an...

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Here’s What’s so Crazy about this Stock Market

Microsoft shows the way. The story went like this: Wall Street gained on Wednesday and the S&P 500 and Dow industrials set fresh records, as Microsoft’s strong results boosted the indexes and marked the latest sign that U.S. corporate earnings season may be less dour than feared. Microsoft shares surged 5.3% after the software giant posted sharp growth in its cloud computing business. The stock gave by far the biggest lift to the major indexes and the tech sector. That’s how...

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After Losing $11 Billion on $9.4-billion Nokia Buy & Axing 27,650 Jobs, Microsoft Dumps Consumer Smartphones

Another Blistering Merger Fail, but Wall Street wins again. Microsoft entered the final-final or pre-final-final episode of its Nokia saga. Its press release on Wednesday explained that it would “streamline” its smartphone hardware business. It would throw in the towel on smartphones for consumers and try to carve out a niche in corporate smartphones. It would be accompanied by more bloodletting. With its usual big-money genius, Microsoft had acquired Nokia’s mobile-phone business and...

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Fact of the day: America’s 5 largest companies would be the world’s 6th largest ‘stock market’

There was a lot of news last week (see reports here, here and here) when the market capitalization of technology giant Google’s stock (at $547.1 billion) temporarily surpassed Apple’s market cap of $529.3 billion on Tuesday to become the world’smost valuable firm. By the end of last week though, Apple regained its market-cap crown with a valuation of $521.3 billion on Friday compared to Google’s fall to a $469.85 billion market cap at Friday’s close from a 10.6%...

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