Technology
Google Fiber contractors in Kansas City are first to unionize under Alphabet Worker Union
A technician gets cabling out of his truck to install Google Fiber. George Frey | Reuters Google Fiber contractors in Kansas City, Missouri voted to unionize Friday, becoming the first workers with bargaining rights under the Alphabet Workers Union. The group of 10 full-time workers are employed by BDS Connected Solutions through Alphabet and work […]
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Spotify pulls out of Russia citing new laws restricting free expression
Spotify app Jaap Arriens | NurPhoto | Getty Images Spotify said Friday it’s pulling out of Russia entirely because recent laws restricting news operations could put the streamer’s employees and listeners at risk. It expects operations to be fully suspended by the end of April. Spotify’s decision to pull out of Russia underscores the balance […]
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Instacart slashes valuation by almost 40% to $24 billion after plunge in tech stocks
Instacart said it’s slashing its valuation by almost 40% to about $24 billion, to reflect this year’s selloff in technology stocks. The grocery delivery company was valued at $39 billion in March 2021, when it raised $265 million. That made Instacart one of the most valuable venture-backed companies in the U.S. However, with the Nasdaq […]
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Uber to offer New York City taxis in app through partnership with Curb
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Amos Tamam, Curb CEO, joins ‘Squawk on the Street’ to discuss what Uber’s recent news means for Curb and taxi drivers in NYC and how easily this can be replicated in other cities. Source
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EU and U.S. agree to new data-sharing pact, offering some respite for Big Tech
U.S. President Joe Biden, right, arrives with European Commission President Ursula von der Leyen for an EU leaders summit in Brussels on June 15, 2021. Thierry Monasse | Bloomberg via Getty Images The European Union and U.S. on Friday announced they had agreed “in principle” a new framework for cross-border data transfers, providing some much-needed […]
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5 things to know before the stock market opens Friday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street looks to end a volatile week on a high note Traders on the floor of the NYSE, March 18, 2022. Source: NYSE 2. EU strikes gas deal with the U.S. to cut reliance on Russia […]
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‘MANGO:’ Bank of America thinks these chip stocks can do well despite investor concerns
Bank of America thinks these chip stocks can rally, even as investors grow increasingly concerned with rising inflation and ongoing supply chain bottlenecks. Source
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Why one tech analyst thinks Amazon’s stock is underappreciated
Amazon is a big name in the ever-growing e-commerce space, but one tech analyst thinks shares of the technology giant are underappreciated and cheap. Source
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EU targets U.S. tech giants with a new rulebook aimed at curbing their dominance
Executive Vice President of the European Commission for a Europe Fit for the Digital Age Margrethe Vestager. Thierry Monasse | Getty Images News | Getty Images The European Union agreed on landmark new antitrust regulations that could reshape the business models of U.S. technology giants Meta, Apple, Amazon and Google dramatically. The rules are expected […]
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Chip industry under threat with neon production set to fall off a cliff following Russia’s invasion of Ukraine
An image of a semiconductor wafer. I-Hwa Cheng | Bloomberg | Getty Images Russia’s war in Ukraine could see the production of neon, a critical gas in advanced semiconductor manufacturing, fall to worryingly low levels at a time when the world is already grappling with a chip shortage. Neon is required for the lasers that […]
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