Big Tech must be regulated now, Bill Gates says
* Stories are summarized by an A.I.
* Stocks or companies mentioned: AMZN, AAPL, FB, GNC, GOOG, AMC, Huawei, ORCL, Carrefour, and MSFT
Big Tech must be regulated now, Bill Gates says
AMZN (Amazon.com Inc) | CNN
Bill Gates says the US government must step up its regulation of big tech companies, whose influence in culture, business and all areas of life is becoming more pervasive. "Technology has become so central that governments have to think: What does that mean about elections? Gates discussed everything from the early days of Microsoft to his investments in clean energy during the talk. But his thoughts on government interference in the tech sector were particularly relevant given recent government scrutiny of the size, influence and privacy practices of tech companies such asandby both antitrust enforcement agencies and political candidates. Gates said he expects "there will be more regulation of the tech sector," particularly as it relates to privacy issues.
Apple, just admit the iPad is a computer and give us a mouse
AAPL (Apple Inc) | Quartz
One new feature that’s hidden away within a series of menus is perhaps the most surprising of all: the iPad now supports a mouse. Apple hasn’t necessarily designed it for everyday use of a mouse you use with a computer. That being said, there’s not really much reason for Apple to not provide wider support for mice on the iPad. That changed a bit in recent years, with the introduction of the iPad Pro, which brought a keyboard to the iPad. Still, Apple never gave the iPad mouse support, maintaining it was a mobile device designed for direct manual inputs.
Facebook executive says there's 'no evidence' Russians influenced Brexit vote
FB (Facebook Inc) | CNET
During the interview, Clegg was asked if he questioned whether Facebook was used to change the results of the 2016 referendum. "There's absolutely no evidence that it happened in the Brexit referendum," he responded. "What about the disinformation spread by Russian state media, RT and Sputnik, on Facebook?" CNET asked Facebook for the analyses Clegg referenced, but the company didn't immediately respond to a request for comment. Other social networks such as Twitter have found a small number of Russian accounts that tried to influence the Brexit vote.
GNC Strengthens Organizational Structure to Further Support Company Repositioning
GNC (GNC Holdings Inc. Class A) | PRNewswire
As part of this repositioning effective July 1, 2019, the company has hired Ryan Ostrom as Chief Brand Officer. In this role, he has led business development internationally while overseeing operations in more than 50 countries. In this role, Jones will be responsible for product brand strategy development and execution across all GNC owned product lines. In this role, she will report to Ostrom, and will continue to support global brand initiatives. GNC also has exceptional innovation and product development capabilities that support its broad product and brand portfolio.
New bill could force Facebook, Google to disclose value of users’ data
GOOG (Alphabet Inc) | New York Post
That’s the message from a pair of US Senators who introduced a bill Monday to force tech giants like Facebook and Google to tell users just how much the personal data they collect is worth. — two lawmakers who have been outspoken critics of Facebook and other social media companies’ data privacy practices — say they want users to be well-informed of what they are signing away when they agree to a company’s terms and conditions. The bill — known as the Dashboard Act, short for Designing Accounting Safeguards to Help Broaden Oversight and Regulations on Data — would require companies with over 100 million users to disclose the value of their data and would allow users to request the deletion of the data that companies collect on them. “For years, social media companies have told consumers that their products are free to the user,” Warner said. Elsewhere, Facebook learned over the weekend that it must face a lawsuit related to a September data breach that saw hackers gain access to 30 million accounts.
Hollywood is having a bad summer. It's killing movie theater stocks
AMC (AMC Entertainment Holdings Inc. Class A) | CNN
Woody and Buzz Lightyear couldn't save Hollywood from its summer slump, and movie theater chains are feeling the pressure. AMC Entertainment AMC Disney DIS Shares offell 5% Monday to a new all-time low, the first day of trading after the opening weekend for "Toy Story 4." AMC is also being hurt by the fact that it is spending aggressively on theater upgrades. That, coupled with the bad box office, led to a $130.2 million loss in its most recent quarter. Weak box office numbers are also a bad sign for the industry overall.
Huawei CFO’s attorneys ask for US extradition to be withdrawn
002502 (Huawei Technology Company Ltd) | CNET
In late 2018, Canadian authorities arrested Huawei CFO Meng Wanzhou in Vancouver, Canada, at the request of the US over alleged Iran sanctions violations. As the extradition process continues, her attorneys are pushing for the government to withdraw the proceedings. Meng's lawyers sent David Lametti, the Canadian Minister of Justice, a written submission to reconsider extradition proceedings, according to a release from the law firm Monday. "All of the allegations relevant to the extradition request occurred in a foreign state (Hong Kong), involving a foreign national (Ms. Meng) and a foreign bank. Meng, daughter of Huawei CEO Ren Zhengfei, is currently under house arrest in Canada as she awaits extradition.
Oracle's Massive Buybacks Will Push The Stock Higher
ORCL (Oracle Corporation) | Seeking Alpha
Oracle's Valuation and Expected ReturnOracle is presently very cheap, given that its present FCF yield is still very high:Source: HakeThis shows that the present FCF yield is almost 7%. The FCF yield is the amount of FCF divided by the market value of the stock. I heavily suspect that the FCF yield would be lower by at least 50% (i.e., be more expensive), representing an improvement of 13% per year. That would result in a stock price rises to $145.42, a gain of 159% over 5 years, or 21% average annual gain per year. We expect the company's free cash yield valuation will improve dramatically as the large buybacks continue.
Europe's Biggest Retailer Carrefour Announces Major Retreat from China Market
Carrefour | The Epoch Times
The French retailer announced on June 23 it will sell the majority of its China business to local e-commerce firm Suning.com. Europe’s Biggest Retailer Carrefour Announces Major Retreat from China MarketEurope’s largest retailer Carrefour became the latest Western firm to retreat from China after selling the majority of its struggling business in the country to a local retailer. Carrefour will retain a 20 percent stake in its China business, but the sales agreement grants it the option to sell this remaining stake. Hypermarkets’ share of the overall retailer market in China has dropped from 23.6 percent in 2014 to 20.2 percent in 2018. Carrefour China reported a net loss of 412 million yuan ($59.9 million) in 2018, according to a statement from Suning.com.
Beating The Fade - Why Product Cycle Innovation Has Kept Microsoft On Top
MSFT (Microsoft Corporation) | Seeking Alpha
9 Our aim with this series is to help our readers understand the software market better, so that they can make better investment decisions as a result. Our stock-specific thesis here is that we believe Microsoft (MSFT) will continue to be a sound long-term investment - even if entering at the current close-to-all-time-high price level. The early stages of success of a software company follow a fairly standard path. We could show the same trend for a great many software companies – the vast majority don’t prosper into new paradigms when they open up. Having been eating the world for a while now, cloud software will itself become prey whilst everyone is looking the other way.
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* Stocks or companies mentioned: AMZN, AAPL, FB, GNC, GOOG, AMC, Huawei, ORCL, Carrefour, and MSFT
Big Tech must be regulated now, Bill Gates says
AMZN (Amazon.com Inc) | CNN
Bill Gates says the US government must step up its regulation of big tech companies, whose influence in culture, business and all areas of life is becoming more pervasive. "Technology has become so central that governments have to think: What does that mean about elections? Gates discussed everything from the early days of Microsoft to his investments in clean energy during the talk. But his thoughts on government interference in the tech sector were particularly relevant given recent government scrutiny of the size, influence and privacy practices of tech companies such asandby both antitrust enforcement agencies and political candidates. Gates said he expects "there will be more regulation of the tech sector," particularly as it relates to privacy issues.
Apple, just admit the iPad is a computer and give us a mouse
AAPL (Apple Inc) | Quartz
One new feature that’s hidden away within a series of menus is perhaps the most surprising of all: the iPad now supports a mouse. Apple hasn’t necessarily designed it for everyday use of a mouse you use with a computer. That being said, there’s not really much reason for Apple to not provide wider support for mice on the iPad. That changed a bit in recent years, with the introduction of the iPad Pro, which brought a keyboard to the iPad. Still, Apple never gave the iPad mouse support, maintaining it was a mobile device designed for direct manual inputs.
Facebook executive says there's 'no evidence' Russians influenced Brexit vote
FB (Facebook Inc) | CNET
During the interview, Clegg was asked if he questioned whether Facebook was used to change the results of the 2016 referendum. "There's absolutely no evidence that it happened in the Brexit referendum," he responded. "What about the disinformation spread by Russian state media, RT and Sputnik, on Facebook?" CNET asked Facebook for the analyses Clegg referenced, but the company didn't immediately respond to a request for comment. Other social networks such as Twitter have found a small number of Russian accounts that tried to influence the Brexit vote.
GNC Strengthens Organizational Structure to Further Support Company Repositioning
GNC (GNC Holdings Inc. Class A) | PRNewswire
As part of this repositioning effective July 1, 2019, the company has hired Ryan Ostrom as Chief Brand Officer. In this role, he has led business development internationally while overseeing operations in more than 50 countries. In this role, Jones will be responsible for product brand strategy development and execution across all GNC owned product lines. In this role, she will report to Ostrom, and will continue to support global brand initiatives. GNC also has exceptional innovation and product development capabilities that support its broad product and brand portfolio.
New bill could force Facebook, Google to disclose value of users’ data
GOOG (Alphabet Inc) | New York Post
That’s the message from a pair of US Senators who introduced a bill Monday to force tech giants like Facebook and Google to tell users just how much the personal data they collect is worth. — two lawmakers who have been outspoken critics of Facebook and other social media companies’ data privacy practices — say they want users to be well-informed of what they are signing away when they agree to a company’s terms and conditions. The bill — known as the Dashboard Act, short for Designing Accounting Safeguards to Help Broaden Oversight and Regulations on Data — would require companies with over 100 million users to disclose the value of their data and would allow users to request the deletion of the data that companies collect on them. “For years, social media companies have told consumers that their products are free to the user,” Warner said. Elsewhere, Facebook learned over the weekend that it must face a lawsuit related to a September data breach that saw hackers gain access to 30 million accounts.
Hollywood is having a bad summer. It's killing movie theater stocks
AMC (AMC Entertainment Holdings Inc. Class A) | CNN
Woody and Buzz Lightyear couldn't save Hollywood from its summer slump, and movie theater chains are feeling the pressure. AMC Entertainment AMC Disney DIS Shares offell 5% Monday to a new all-time low, the first day of trading after the opening weekend for "Toy Story 4." AMC is also being hurt by the fact that it is spending aggressively on theater upgrades. That, coupled with the bad box office, led to a $130.2 million loss in its most recent quarter. Weak box office numbers are also a bad sign for the industry overall.
Huawei CFO’s attorneys ask for US extradition to be withdrawn
002502 (Huawei Technology Company Ltd) | CNET
In late 2018, Canadian authorities arrested Huawei CFO Meng Wanzhou in Vancouver, Canada, at the request of the US over alleged Iran sanctions violations. As the extradition process continues, her attorneys are pushing for the government to withdraw the proceedings. Meng's lawyers sent David Lametti, the Canadian Minister of Justice, a written submission to reconsider extradition proceedings, according to a release from the law firm Monday. "All of the allegations relevant to the extradition request occurred in a foreign state (Hong Kong), involving a foreign national (Ms. Meng) and a foreign bank. Meng, daughter of Huawei CEO Ren Zhengfei, is currently under house arrest in Canada as she awaits extradition.
Oracle's Massive Buybacks Will Push The Stock Higher
ORCL (Oracle Corporation) | Seeking Alpha
Oracle's Valuation and Expected ReturnOracle is presently very cheap, given that its present FCF yield is still very high:Source: HakeThis shows that the present FCF yield is almost 7%. The FCF yield is the amount of FCF divided by the market value of the stock. I heavily suspect that the FCF yield would be lower by at least 50% (i.e., be more expensive), representing an improvement of 13% per year. That would result in a stock price rises to $145.42, a gain of 159% over 5 years, or 21% average annual gain per year. We expect the company's free cash yield valuation will improve dramatically as the large buybacks continue.
Europe's Biggest Retailer Carrefour Announces Major Retreat from China Market
Carrefour | The Epoch Times
The French retailer announced on June 23 it will sell the majority of its China business to local e-commerce firm Suning.com. Europe’s Biggest Retailer Carrefour Announces Major Retreat from China MarketEurope’s largest retailer Carrefour became the latest Western firm to retreat from China after selling the majority of its struggling business in the country to a local retailer. Carrefour will retain a 20 percent stake in its China business, but the sales agreement grants it the option to sell this remaining stake. Hypermarkets’ share of the overall retailer market in China has dropped from 23.6 percent in 2014 to 20.2 percent in 2018. Carrefour China reported a net loss of 412 million yuan ($59.9 million) in 2018, according to a statement from Suning.com.
Beating The Fade - Why Product Cycle Innovation Has Kept Microsoft On Top
MSFT (Microsoft Corporation) | Seeking Alpha
9 Our aim with this series is to help our readers understand the software market better, so that they can make better investment decisions as a result. Our stock-specific thesis here is that we believe Microsoft (MSFT) will continue to be a sound long-term investment - even if entering at the current close-to-all-time-high price level. The early stages of success of a software company follow a fairly standard path. We could show the same trend for a great many software companies – the vast majority don’t prosper into new paradigms when they open up. Having been eating the world for a while now, cloud software will itself become prey whilst everyone is looking the other way.
Download Folo, add stock symbols to your watchlist, and get notified.
When you look up U.S or China stock symbols and add them to Watchlist, Folo, an A.I. based news curator will keep you updated with stock news from 270 sources.
Download on the App Store
http://folo.moya.ai
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