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Robotaxis haven’t taken over the streets, but that doesn’t mean self-driving cars are all hype
It’s 2022. We were supposed to have robotaxis by now. What happened? Source
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Google employees get private Lizzo concert as they return to the office
Zoom In IconArrows pointing outwards Google hires Lizzo to perform for return-to-office “celebration” among thousands of employees Emma Wong @_emwong_ For years, Google lured people to its sprawling Silicon Valley campus with the promise of amazing perks, like gourmet meals from top chefs and massages. Now, there’s Lizzo. Earlier this month, as Google officially started […]
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Amazon and Google just closed out their worst months on Wall Street since 2008
Getty Images; Chris Ratcliff | Bloomberg | Getty Images Shares of Amazon and Google parent Alphabet just closed out their steepest monthly drops since the 2008 financial crisis. The internet giants both reported weaker-than-expected quarterly results this week, hurt by a combination of macroeconomic factors, the war in Ukraine and tough comparisons to blowout numbers […]
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Cloud computing is a bright spot for tech as the economy grapples with war and inflation
Microsoft’s CEO indicated that companies aren’t looking to cut into their IT budgets when economies worsen. That means cloud could be a safe haven for Big Tech. Source
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The market just posted an unhealthy AOL-Time Warner bubble comparison
A Teladoc rolling telehealth cart that allows physicians to meet with their patients remotely, on October 8, 2021. Newsday Llc | Newsday | Getty Images This week’s earnings details have included some big-name reckonings with the value of high-growth, high-tech — and high-risk — companies. Ford and Amazon writing down stakes in electric vehicle maker […]
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TikTok looms large in tech earnings reports as digital ad giants struggle to keep up
Rafael Henrique | LightRocket | Getty Images As the heart of tech earnings season wraps up, one persistent theme has been weakness in the digital ad market. The war in Ukraine, rising inflation, Apple’s privacy changes and an overall pullback in ad spending help explain why Facebook, Google, Amazon and Twitter all reported disappointing revenue […]
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‘This is what you live for’: Top tech analyst says buy the dip on these high-quality stocks
Investors can get “high quality assets that are trading 20% off,” tech analyst Mark Mahaney says, revealing his top picks. Source
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Amazon’s cloud business grows almost 37%, but slows from last quarter
Amazon’s cloud unit grew 36.5% year over year in the first quarter, a bit faster than analysts projected. But Amazon shares were down about 9% in after-hours trading, as investors focused on the e-commerce giant’s $3.8 billion overall net loss. The cloud business results point to lighter but still brisk demand for computing, storage and […]
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Bet against ‘superstar’ executives like Mark Zuckerberg and Tim Cook at your own peril, Jim Cramer warns
CNBC’s Jim Cramer on Thursday advised investors to trust big-name executives – especially those at the helm of the major companies that just reported quarterly earnings. “You bet against these superstar CEOs and CFOs at your own peril. … [they] don’t win every game, but over the long haul they win a lot more often […]
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Amazon takes $7.6 billion loss on Rivian stake after EV company’s stock plunge
R.J. Scaringe, Rivian’s 35-year-old CEO, introduces his company’s R1T all-electric pickup and all-electric R1S SUV at Los Angeles Auto Show in Los Angeles, California, November 27, 2018. Mike Blake | Reuters Amazon invested in electric vehicle maker Rivian in 2019 as part of a plan to go green. During the first quarter, it saw nothing […]
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