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U.S. and U.K. regulators have launched parallel antitrust probes into Google Inc —Alphabet Inc (NASDAQ:GOOGL)— and Meta Platforms Inc (NASDAQ:FB) over ad deal “Jedi Blue.” The big tech giants could have disadvantaged online ad publishers and tech rivals. Allegations Against Google And MetaEU antitrust chief Margrethe Vestager said in a statement quoted by Reuters that “A competing technology to Google’s Open Bidding may have been targeted with the aim to weaken it and exclude it from the market for displaying ads on publisher websites and apps.” Q4 2021 hedge fund letters, conferences and more...
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Tesla Inc (NASDAQ:TSLA) is benefiting from the global increase in oil prices. People in the U.S. are turning away from fossils fuels given the high cost of gas in specific parts of the country, and the company is seeing its electric vehicle (EV) orders surge. Orders UpsurgeAs reported by Electreck, orders for Tesla models in the U.S. have increased by 100% in one week as gas prices are denting the personal finances of millions of people. With crude oil having broken the $100 a barrel barrier, the average gas price at the pump in the country has soared to $4.25 a gallon, with some states hittin...
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Amazon Prime Video – the streaming service by Amazon Inc (NASDAQ:AMZN) – is turning to Nigeria for content by striking streaming deals with some of the country’s most successful studios. At present, the African nation is one of the hottest filmmaking industries on the planet. Q4 2021 hedge fund letters, conferences and more DealsAs reported by CNN, Amazon Prime Video has signed exclusive agreements to stream Nigerian series and films by some of the most representative local players such as Inkblot Productions and Anthill Studios. The filmmaking industry in Nigeria —known as Nollywood— produces...
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Google – Alphabet Inc (NASDAQ:GOOGL) – is set to acquire cybersecurity company Mandiant Inc (NASDAQ:MNDT) for a whopping $5.4 billion, in a move that sees the internet giant invest in protection for its cloud services. Q4 2021 hedge fund letters, conferences and more Major DealAs reported by CNBC, Google will pay $23 a share for Mandiant —founded in 2004— and if approved by regulators and closed by the end of this year, it could be the biggest deal since the company’s $12.5 billion purchase of Motorola Mobility on 2012. With the acquisition, Google will bolster its cloud computing department a...
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Netflix Inc (NASDAQ:NFLX) has decided to suspend its streaming services in Russia over the country’s war with Ukraine. The move comes almost a week after the entertainment giant refused to air state TV channels and comply with a propaganda mandate on large streamers. Q4 2021 hedge fund letters, conferences and more SuspendedAs reported by The Verge, Netflix cited the war as a reason behind the decision, with spokesperson Emily Feingold saying in a statement: “Given the circumstances on the ground, we have decided to suspend our service in Russia.” Netflix has stopped its streaming services aft...
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German officials said Friday that Tesla Inc (NASDAQ:TSLA) had been approved to start commercial production at its new Brandenburg factory, near Berlin. Under the conditional license, Tesla can start manufacturing both cars and battery plants after delays that stretched for months. Q4 2021 hedge fund letters, conferences and more ApprovalAs reported by CNBC, the giant electric vehicle manufacturer was given the green light to start producing Tesla vehicles and battery systems at its manufacturing plant near Berlin. Tesla had intended to begin early summer last year but the pandemic, supply chai...
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Google – Alphabet Inc (NASDAQ:GOOGL) – has mandated its employees in specific U.S., U.K., and Asia Pacific offices to go back about three days a week as of April 4. With this, the Silicon Valley giant is taking its first steps to end its Covid-triggered remote work policies. Q4 2021 hedge fund letters, conferences and more Hybrid WorkAccording to Reuters, Google is making its transition to hybrid work as the decline in COVID-19 cases is facilitating the gradual workers’ return to premises. An email sent to workers and disclosed by the news agency read: “Advances in prevention and treatment, th...
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Ford Motor Company (NYSE:F) is betting hard on e-transport and has set sights on producing 2 million electric vehicles (EV) a year and a 10% adjusted operating profit margin in 2026. The objectives are some of the most ambitious compared to the company’s current outlook. Q4 2021 hedge fund letters, conferences and more New GoalsAccording to CNBC, Ford is launching a restructuring plan that includes the total separation of the EV and the ICE (internal combustion engine) business. For the former, the automotive giant is aiming to produce 2 million units a year and generate a 10% adjusted operati...
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In a bold move by the streaming giant, Netflix Inc (NASDAQ:NFLX) has refused to add propaganda channels in Russia, citing “the current situation,” namely the Ukraine invasion. To continue operating in the country, the platform is required to add 20 federal television channels, including the government-led Piervy Kanal, as of March 1. Q4 2021 hedge fund letters, conferences and more Disregarding Russian LawAccording to European website Politico, Netflix must spread Kremlin propaganda if it wants to continue doing business in the country. The requirement is part of Russia’s communication regulat...
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Google – Alphabet Inc (NASDAQ:GOOGL) – has momentarily disengaged live traffic data on Google Maps to help protect citizens during the conflict with Russia, as it could provide information about the progress of the invasion. Q4 2021 hedge fund letters, conferences and more Disabling Live InformationAs reported by The Verge, by stopping the anonymous collection of data related to road traffic and businesses opening hours, the internet giant is trying to protect citizens amid the Ukraine invasion. Google Maps information can show traffic delays, roadblocks, and businesses availability, and hence...
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