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The Nasdaq is down more than 10% this year. Here are Wall Street’s top picks to buy the dip
As tech stocks endure a broad sell-off this year, Wall Street analysts name some of their top stocks to buy right now. Source
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Why Russian people need tech companies to stay, not withdraw: It’s terrifying ‘how dark that place could become’
People gather to stage anti-war protest in Saint-Petersburg, Russia on March 1, 2022. Anadolu Agency | Getty Images As the U.S. and Europe impose economic sanctions on Russia for its invasion of Ukraine, and businesses such as McDonald’s and Starbucks shut down operations in the country, tech platforms must weigh a more complex equation. Unlike […]
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Kanye West has been suspended from Instagram
Gilbert Carrasquillo | Getty Kanye West has been suspended from Instagram for 24 hours for breaching the social media network’s harassment policy. West, who goes by “Ye,” will not be able to post, comment or send direct messages for 24 hours. A spokesperson for Meta, which owns Instagram, told CNBC Thursday that West violated the […]
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UK government to speed up criminal sanctions for tech bosses with new online safety laws
scyther5 | iStock | Getty Images Plus Executives at companies like Meta, Google, Twitter and TikTok could face jail time sooner than anticipated if they fail to cooperate with the U.K. internet regulator, Ofcom. The U.K. government announced Wednesday that executives may face prosecution or jail time within two months of the new Online Safety […]
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Russia may aspire to a China-style internet, but it’s a long way off
Russian President Vladimir Putin and Chinese President Xi Jinping pose for a photograph during their meeting in Beijing, on Feb. 4, 2022. Alexei Druzhinin | AFP | Getty Images As Russia’s war on Ukraine continues, Moscow has looked to tighten control over its domestic internet, cutting off apps made by U.S. technology giants, even while […]
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Berkshire Hathaway closes at a record above $500,000 a share as Buffett’s conglomerate roars back
Berkshire Hathaway class A shares achieved a key milestone Wednesday, hitting an all-time closing high of half a million dollars as Warren Buffett’s multifaceted conglomerate fires on all cylinders during the economic recovery. The class A shares gained 1.3% Wednesday, rising for a fourth straight day to close at $504,400 — its first-ever close above […]
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Microsoft dives into Web3 with investment in Ethereum co-founder’s start-up ConsenSys
Joseph Lubin, co-founder of Ethereum. Adam Jeffery | CNBC Blockchain start-up ConsenSys has raised $450 million in a new round of funding that more than doubles its valuation to $7 billion. The cash injection was led by ParaFi Capital, ConsenSys said Tuesday, with Microsoft, Japan’s SoftBank and Singapore’s Temasek also joining as new investors in […]
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VPN use in Russia is surging as citizens try to bypass government’s tightening internet control
Russia has tightened its control over its internet. Authorities have blocked access to Meta-owned Facebook and restricted access to Twitter. Nurphoto | Getty Images Russians are turning to virtual private networks to bypass the country’s tightening internet controls following the invasion of Ukraine. VPNs can mask an internet user’s identity and location to help them […]
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CVS files to trademark its pharmacy and health clinics in the metaverse
Nikolas Kokovlis | Nurphoto | Getty Images CVS Health is looking to be the first pharmacy in the metaverse. The drugstore and health services company filed for a trademark to sell virtual goods, NFTs and provide health care services, joining major retailers like Walmart and Nike. In its filing with U.S. Patent Trade Office, CVS […]
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