10 things in tech you need to know today, Thursday, Sept. 2 – Business Insider

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1. A "tsunami" of robotexts is only just beginning. A Supreme Court ruling and an antiquated law mean text messaging is a new frontier for marketers and experts say the number of robotexts and spam from brands is about to rise considerably. Here's why (and how to make them stop).

2. Rumors are swirling about new Apple Watch features. The new Apple Watch, expected to debut in September, is said to have a new blood pressure monitor and a built-in thermometer. The potential new features hint at the tech giant's plans to make the wearable an everyday healthcare device.

3. Insiders describe Amazon's "conversion program" that helps execs adjust. The three-day program, Escape Velocity, is an intensive three-day training course for high-level recruits to get up to speed quickly so they don't "flame out." Take a look inside the program.

4. Best Buy will start selling e-bikes, scooters and mopeds. In a bid to get a slice of what's expected to be a $70 billion electric transportation market, the retailer will soon sell a selection of scooters and mopeds in select stores and online. Get the full rundown here.

5. Residents in some states can soon add their ID to iPhones and Apple Watches to get through TSA. The new tool would let you get through airport security with your phone, the company said. Arizona and Georgia will be the first states to kick off the feature, followed by six others.

6. Google plans to build its own semiconductor chips to power its Chromebooks. Amid a shortage of chips, the tech giant plans to create its own semiconductor chips for Chromebook laptops and computers in 2023. Here's what you need to know about their chip ambitions.

7. Amazon plans to hire 55,000 people into tech and corporate roles. The company intends to ramp up hiring in its retail, cloud, advertising, and satellite businesses. More on the upcoming roles, 40,000 of which will be based in the US.

8. Twitter is debuting "Safety Mode." Codeveloped with digital safety and mental-health experts, the new tool will help users block interactions from "harmful" accounts for seven days. Everything we know about the new feature.

9. Tech giants are scrambling to help ICE build a tool for targeting unauthorized workers. Amazon, Google, and Microsoft attended an event arranged by ICE to discuss the little-known analytics tool. ICE is expected to give out contracts worth $300 million to three tech companies, which will build and maintain the system through 2025.

10. Former Tesla employees told us what they learned from working at the company. Five former execs and engineers, who've all gone on to work elsewhere in the electric-vehicle space, shared what they learned from Tesla, including that doing things unconventionally can be a key to success. Here's what else they learned while working at Elon Musk's company.

Compiled by Jordan Erb. Tips/comments? Email jerb@insider.com or tweet @JordanParkerErb.

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10 things in tech you need to know today, Thursday, Sept. 2 - Business Insider

Tech giants have to abide by child protection rules coming into force – Metro.co.uk

A new code has come into force to help protect the data and privacy of children (Credits: PA)

Tech giants face large fines if they fail to follow new child data and privacy protection measures that come into full force on Thursday.

The Age Appropriate Design Code sets out 15 standards that companies are expected to build into any online services used by children, making data protection of young people a priority from the design up.

These can stretch from apps and connected toys to social media sites and online games, and even educational websites and streaming services.

Location tracking, profiling, and use of nudge techniques that encourage users to provide unnecessary personal data, are among the features that must be switched off or limited.

The Information Commissioner, whose office devised and will enforce the rules, said the move is not about age-gating the internet nor locking children out.

The internet was not designed with children in mind and I think the Age Appropriate Design Code will go a long way to ensure that kids have the right kind of experience online, Elizabeth Denham told the PA news agency.

I think it will be astonishing when we look back to ever think of a time when we didnt have protections for children online because I think they need to be protected in the online world in the same way that theyre protected in the offline world.

As the code is based on the back of GDPR, companies risk being fined up to 17.5 million or 4% of their annual worldwide turnover whichever is higher for serious failures.

The Information Commissioners Office (ICO) warned that it will probably take more severe action against breaches involving children where it sees harm or potential harm.

Companies were given a year to ensure their platforms adhere to the measures before a September 2 deadline, though several have scrambled to make last-minute changes in recent weeks.

Instagram recently announced it would require all users to provide their date of birth, while Google has introduced a raft of privacy changes for children who use its search engine and YouTube platform.

TikTok also began limiting the direct messaging abilities of accounts belonging to 16 and 17-year-olds, as well as offering advice to parents and caregivers on how to support teenagers when they sign up.

Andy Burrows, head of child safety online policy at the NSPCC, said: Its no coincidence that a flurry of tech firms have made child safety announcements on the eve of the childrens code coming into force.

This landmark code shows that regulation works and that there is little doubt this UK leadership is having a global impact on the design choices of the sites such as Instagram, Google and TikTok.

The Information Commissioner should now actively enforce the code and be prepared to take swift action against companies who fail to build and run services with the best interests of children in mind.

Backed up by an ambitious Online Safety Bill that comprehensively tackles child sexual abuse, the childrens code can fundamentally change how companies design their sites so they become truly safe for children.

MORE : No more cookie pop-ups: government wants post-Brexit GDPR overhaul

MORE : Instagram will force users to add a birth date to prove theyre over 13

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Tech giants have to abide by child protection rules coming into force - Metro.co.uk

The rumored Apple Watch features hint at the tech giant’s bigger plans to make the wearable an indispensable, – Business Insider India

Ahead of Apple's expected 2021 keynote event, rumors are circulating on features the company will eventually add to its Apple Watch.

One of the most popular theories is that the watch will include a new blood pressure monitor and a built-in thermometer, according to The Wall Street Journal.

The thermometer is intended to help with fertility planning, and could be available as soon as next year, according to the Journal.

Apple is expected to release its Apple Watch 7 in the coming weeks, but its more ambitious health-related features aren't expected before 2022, the Journal reported.

Health monitoring and tracking have always been popular features among wearers of the technology. Apple's Series 6 watch introduced customers to blood oxygen readings, measure an electrocardiogram, and detect hard falls. With the latest rumored updates, it is expected Apple will insert itself further into the wearable healthcare scene, following Samsung's Galaxy 4 Watch release which also includes blood pressure monitoring.

Apple Watches currently include features to help its wearers meet exercise goals, improve sleep, and monitor their overall well-being. In June, Apple announced its watchOS8 software, which added more health-related capabilities for its wearers including a mindfulness app and new Tai Chi and Pilates workout types.

In the oncoming years, Apple wants its wearable technology to detect sleep apnea and eventually spot diabetes, sources told The Journal.

The Apple Watch is usually announced alongside the iPhone during the company's September events, but reports by Nikkei Asia say it could be delayed because of difficulties in production due to the complexity of the design and the watch's new healthcare features. The report also mentions Apple's distributors are still recovering from supply chain issues due to disruptions from the COVID-19 pandemic.

Apple didn't respond to a request for comment.

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The rumored Apple Watch features hint at the tech giant's bigger plans to make the wearable an indispensable, - Business Insider India

Tech giants open up about their algorithms – Axios

Google, Facebook, TikTok and others are starting to talk more about how their algorithms work in a bid to win trust.

Yes, but: It's hard to know what isn't being revealed.

Be smart: While these efforts to be transparent are helpful, they don't usually provide the full picture about how the platforms' algorithms work, in part because they don't want their systems to be gamed by bad actors.

The big picture: Around the world, regulators are beginning to question whether the algorithms used to drive billions of dollars of internet commerce and content are biased towards certain demographics, philosophies or viewpoints.

Between the lines: Republicans and Democrats have both cited transparency into content moderation as a goal of changes to Section 230 of the Communications Decency Act.

What to watch: Competition regulators around the world are starting to dive into whether and how Big Tech algorithms harm consumers or competitors.

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Tech giants open up about their algorithms - Axios

HD Media Takes on Tech Giants Google & Facebook – Editor And Publisher Magazine

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E&P Reports Video/ Podcast

HD Media, the West Virginia-based publisher of the Pulitzer Prize-winningCharleston Gazette-Mailand theHerald-Dispatch, is making its own news with the recent announcement that they have filed a federal antitrust lawsuit against Google and Facebook. The purpose is to hopefully help the entire industry receive some form of compensation from the 70%+ of local advertising revenue these tech giants make from the content they exploit.

In this segment of E&P Reports, publisher Mike Blinder has an in-depth conversation with lawsuit co-council Paul T. Farrell Jr. and HD Medias VP of news and executive editor Lee Wolverton to uncover how the lawsuit started and what they want to see happen as a result of their actions. Farrell and Wolverton also speak to how they feel about the need for local journalism and how this suit is not just about ad dollars but also the survival of the news industry as a whole.

Related links:

E&P Exclusive Feature: HD Media Takes on the Tech Giants https://www.editorandpublisher.com/stories/hd-media-takes-on-the-tech-giants,185454

Download a copy of the class action lawsuithttps://www.scribd.com/document/492607988/Complaint-HD-Media-Co-LLC-v-Google#from_embed

Investigation of Competition in Digital Markets House Judiciary Committee October 2020 Report on antitrust and anticompetitive conduct by Google and Facebookhttps://judiciary.house.gov/uploadedfiles/competition_in_digital_markets.pdf?utm_campaign=4493-519

HD Media Wikipedia Pagehttps://en.wikipedia.org/wiki/HD_Media

Paul T Farrell Jr Wikipedia Pagehttps://en.wikipedia.org/wiki/Paul_T._Farrell_Jr.

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HD Media Takes on Tech Giants Google & Facebook - Editor And Publisher Magazine

Google will wind down game development studios as tech giants struggle to break into gaming – GeekWire

(Stadia Images)

Both Google and Amazon have more than enough tools and resources that theyd need to stake a claim in the market. The problem is that both seem to want to simply win by showing up, and thats not something you can do in video games.

Its been a rough few days for the gaming arms at the tech giants, which are suffering setbacks in their attempts to break into the industry.

Bloomberg last week delved into the internal culture at Amazon Game Studios. The goal was to explore why, in Amazons staffers own words, Amazons game development efforts have floundered. Eight years later, with several billion dollars spent, Amazon has little to show for its efforts, and the answer appears to come down to mismanagement at an executive level.

Just a few days later, on Monday morning, Google announced its sudden withdrawal from the games development business.

Despite a high-profile launch and hiring a wide swath of industry talent for its Stadia project, Googles Phil Harrison wrote today that the company will stop investing in first-party content, and will shutter its two internal dev studios. The reasons behind the decision, as per Harrison, include the high investment costs and time requirements of creating best-in-class games from the ground up.

Stadia was the first strictly cloud-based gaming service to reach the market. As a subscription service, offered alongside a custom-made gamepad, Stadia could be used with a web browser or a Chromecast device to let players run video games in high definition straight off of Googles cloud servers. On paper, any device with a strong internet connection and a screen could be used to play the latest games at their highest settings.

Whats held Stadia back, however, is that it initially shipped without all its promised features, such as YouTube integration, and a pricing plan where players bought their games individually at or near full retail price. Subscribers to the full service, Stadia Pro, would get free games each month as well as access to a variety of flash sales. This was controversial at the services launch nobodys really keen on the idea of paying to own a product that only lasts for as long as Google chooses to support it and competing services have capitalized on that, such as Amazons Luna and Microsofts Project xCloud.

Going forward, Googles plans for Stadia are seemingly to treat it solely as a publishing platform. In 2021, were expanding our efforts to help game developers and publishers take advantage of our platform technology and deliver games directly to their players, Harrison wrote. We see an important opportunity to work with partners seeking a gaming solution all built on Stadias advanced technical infrastructure and platform tools.

Stadia Games & Entertainment (SG&E) had an unspecified number of projects in developmen. While a few of the ones that were closest to complete may yet debut on Stadia, the rumor is that anything that fell outside of a potential 2021 release window has been unceremoniously canceled.

SG&Es two studios were located in Los Angeles and Montreal. The Montreal studio was the result of Google acquiring a newly-founded indie developer, Typhoon, back in late 2019; Typhoons only game before the Google merger was the well-regarded indie Metroidvania Journey to the Savage Planet. In an unfortunate coincidence, Journey actually premieres on Stadia today.

Overall, SG&Es closure is reported to affect around 150 employees. As part of the announcement, Harrison has said that most of that team will be moving on to new internal roles within Google, and will be supported by the company in the process.

One of the higher-profile developers at Stadia, however, is leaving Google entirely. Jade Raymond, who became famous in the industry in the 2000s as the producer of the first couple of games in Ubisofts mega-popular Assassins Creed franchise, had joined Google in early 2019 as the head of the Stadia Games and Entertainment department. Harrison noted in his blog post that Raymond has left to pursue other opportunities in the wake of SG&Es imminent closure.

This doesnt necessarily mean the writings on the wall for Stadia itself, but its hard not to think about the infamous Google Graveyard. The company had made a lot of big moves during the run-up to Stadias official release, including hiring some major names such as Raymond. Harrison himself is a well-known face in the industry, as a former member of both Sonys PlayStation team and the Interactive Entertainment department at Microsoft.

With that kind of experience on tap, one wouldve expected Google to realize that if it was ever going to make best-in-class games for the Stadia, it was going to cost money and itd take more than two years before they started seeing results. Unless there were significant internal issues that Google hasnt divulged, shuttering its development efforts this quickly is like forfeiting a football game after the first quarter. In conjunction with the generally unfinished state of Stadias launch back in late 2019, it paints a picture of Google as not realizing, or choosing not to realize, what it would actually need to do in order to be competitive in the modern games industry.

This isnt necessarily the end of the road for Stadia, however. Harrison is still the head of the project at Google, and Stadia is planned to continue to exist for the time being, now specifically as a publisher for third-party games. For current Stadia and Stadia Pro consumers, its business as usual.

Were committed to the future of cloud gaming, and will continue to do our part to drive this industry forward, Harrison wrote. Our goal remains focused on creating the best possible platform for gamers and technology for our partners, bringing these experiences to life for people everywhere.

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Google will wind down game development studios as tech giants struggle to break into gaming - GeekWire

OECD ‘Highly Likely’ to Tax Tech Giants for a Better EU-US Relationship this Summer – Tech Times

Back in 2020, the Organisation for Economic Co-operation and Development (OECD) tried to reach an international deal on taxing Silicon Valley tech firms. After failing to do so, it has again started putting things together to implement a global tax on tech giants. According to Unilad, this agreement between the EU and US parties coming this summer has a great chance of coming into fruition after Joe Biden takes office.

(Photo : Screenshot Youtube Video by Tech Insider)

One great avenue of disagreement between the European Union and the US is the subject of digital taxes. Even during the time of Donald Trump, this has often been a point of contention. However, as President Joe Biden takes office, his new administration has promised that it will actively engaged with negotiations in the OECD to strengthen the bonds between EU and the US. This includes finally pushing the deal to tax tech giants, including companies owned by two of the biggest tech giants in the world, Elon Musk and Jeff Bezos.

The current administration's openness to agreements with the OECD is appearing to establish a new fruitful relationship with the EU, even as it has been halted in the previous years. For many union members, taxing the digital economy is essential in increasing control and management over huge digital firms. Furthermore, as the digital consumption has grown tremendously in the recent months, imposing more challenges. This has caused the call to purse digital tax more urgently.

This action is also confirmed as newly appointed Janet Uellen has been backing calls for a global tax on tech giants. This has sparked a great hope of cooperation between US and EU officials.

Read more:Richest Men in the World, Musk and Bezos Fight Over Satellite Real Estate

As such, European officials are ecstatic of the new cooperation with the global agreement that will be sealed very soon. In an interview with with German Finance Minister Olaf Scholz via CNBC, he said that the tax deal with global tech giants is now "highly likely" oand will most likely come before summer comes to an end for the OECD.

He said, "It is highly likely that we will get the success we are working for so hard."

"And the new administration gave me the impression that they understand the need for an agreement in this field and that they will work on solutions together with all of us, which I think is a big, big success. And anyone knows that the timetable is very strict, we have to agree in summer." he added.

Not only does he think that the agreement is very important, but that it should be done in a timely manner as the issue is very urgent. For many European officials a pragmatic approach is essential in maintaining a good US-European relationship.

Related Article:GameStop and 'King Maker' Elon Musk Push Robinhood and Reddit Up the App Store charts

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OECD 'Highly Likely' to Tax Tech Giants for a Better EU-US Relationship this Summer - Tech Times

India’s ShareChat is being courted by US tech giants – Fast Company

Tech giants are running out of avenues for growth. In the search for their next batch of users, most of them have turned their attention to India, where more people have logged onto the internet for the first time in the last couple of years than the U.S.s entire online population. And one startup has emerged as their hot ticket into the countrys most idiosyncratic audience: ShareChat.

Headquartered in the southern city of Bangalore, famously referred to as Indias Silicon Valley, ShareChat is an India-centric social network that supports over a dozen regional languages and offers most of the trappings youd expect from such a service, such as a feed influenced by your interests and the people you follow; the ability to share media and text as well as comment and like other posts; and more.

ShareChat is wired to feed off of Indias soaring appetite for content. Its designed to fuel new internet users obsession with information, andeven more importantlytheir proclivity to forward that information on WhatsApp, the countrys most popular messaging app.

Resembling Reddit more than Facebook or Twitter, ShareChat doesnt make you follow or friend anyone to get going. When you first log in, your home feed will be filled with posts from a wide variety of topics such as news, tabloid gossip, good-morning messages, and moreall in the local language of your choice.

ShareChat is available in many languagesbut not English. [Image: courtesy of ShareChat]On top of that, ShareChat comes equipped with public chat rooms where you can jump in and just start talking to strangersa common internet perk that new Indian internet users from underdeveloped regions especially find fascinating. To serve this specific behavior, ShareChat even has a feature called Shake-N-Chat that connects two strangers engaging with similar kinds of topics over personal chat.

But the biggest difference between ShareChat and other familiar social experiences is that it has no English-language option. Thats part of whats made western tech giants sit up and take notice. ShareChat is the only startup Twitter has invested in (twice). Its rumoredto be on the cusp of raising more money from Google and Snapchat. At one point, talks of Google acquiring ShareChat for a billion dollars surfaced as well.

For Google and many other western tech giants, banking on Indian startups has been a regular affair of late. Most recently, Google, Facebook, Qualcomm, and Intel poured hundreds of millions into Reliance Jio, Indias leading telecom operator. And late last year, Microsoft and Google invested in DailyHunt, a news aggregator and content app.

Thats not all. Most of these tech companies have also spent much of the last few years trying to optimize their offerings for India, where the median household income is about $3,600 and the cost of devices and internet service is a major factor in adoption. For instance, you can talk to the Google Assistant via a toll-free numberno internet needed. Amazon sells a battery-powered Echo smart speaker to cater to the countrys electricity-deficient regions. Facebook, Google, and Twitter offer their apps on inexpensive dumbphones. Netflix has a $3 mobile-only plan that lets users stream TV shows and movies in non-HD standard quality on their phones. The list is endless.

The tech giants enthusiasm for the Indian market is understandable. Its the second-fastest growing internet economy and hosts over 650 million online users. Last year, Cisco forecast that this figure wouldsurpass 900 million by 2023.

Much of the credit for Indias digital revolution can be attributed to wireless carrier Reliance Jio, which four years ago began offering cellular 4G services for dirt-cheap prices, forcing the rest of the competition to match the prices in order to survive. (Most of them didnt, or got rolled up into mergers.) Today, a 4G plan with unlimited calls and 2 GB of data per day costs about $3 a month in India.

Further, since only about half of Indias population is onlinecompared to the U.S. and the UK where over 90% of people are on the internettheres plenty more to come and tech companies cant afford to miss out.

The problem is breaking into the Indian market isnt easy, especially as only 10% of its population speaks English and the majority of the countrys internet users are from non-English-speaking rural areas. Soon, nine out of 10 internet users in India are likely to communicate in local languages.

Theres where ShareChat comes into the picture. Its social network for non-English speakers has 160 million monthly active users who spend 31 minutes on the app every day, on par with competitors such as Facebook.

With TikTok banned in India, ShareChats Moj has been booming. [Photo: courtesy of ShareChat]In addition, ShareChat also introduced a TikTok-like short-form video app, Moj (entertainment in Hindi) that has accumulated 80 million monthly active users in six months. Unlike ShareChat, Moj is available in English. Its growth was helped along by Indias ban on dozens of Chinese apps, including TikTok, a move that has also pretty much eliminated local competition for ShareChat. While ShareChat has been around since 2015, 100 million of its 160 million users have signed up in the last year alone.

Moj is decidedly TikTok-esque. [Photo: courtesy of ShareChat]Amit Sharma, an analyst at GlobalData, points out that users who are new to the internetlet alone social mediadont know how discovery works, especially if theyre from a low-literacy background. ShareChat solves that hurdle by bringing the content to them.By tapping into this model, companies like Google and Twitter can expand into territories that were otherwise inaccessible for them, and monetize new users through advertising.

[ShareChat] encompasses a massive following in Tier II, III, and IV cities and towns, one amongst the major reasons to make ShareChat a sought-after outlet for these western tech companies to add into their . . . portfolio, says Sharma.

As for ShareChats lack of English-language support, it didnt start out that way. The social network initially offered an English option, but the founders noticed people who selected it were barely engaging with the service.

Users were choosing English because of their aspirational value, not because of comfort. Indic language users showed the highest levels of engagement, says ShareChat cofounder and CEO Ankush Sachdeva. This propelled us to discontinue English and go the Indic language way.

A little English can sneak even into an app that isnt designed to support it. [Photo: courtesy of ShareChat]The lack of English language support is also responsible for the one criticism ShareChat hasnt been able to overcomethat it spreads misinformation. As it only works in regional languages, it has managed to largely fly under the radar of independent fact-checking and moderation groups and has run into trouble in the past for being one of the most active sources of fake news. On top of that, its built-in share option allows its users to easily forward whatever post or media they come across to WhatsApp, a significant channel for misinformation in India.

Since the Indian government cracked down on social networks for their failures in handling fake news in 2018, ShareChat says it has dramatically ramped up efforts to deal with misinformation, partnering with certified third-party fact-checkers, and actively taking down posts and accounts.

So where is ShareChat headed next? The answer to that can be found in the startups new research center in Palo Alto, California. Though the company has nothing to say about possible English-language support or U.S. market expansion, its eager to tap into the Bay Areas talent pool as it thinks about its future.

Led by former Uber executive Gaurav Mishra, ShareChat Labs looks to experiment with machine learning technologies to take on the social networks most pressing issues like detecting NSFW content, hate speech, and fake news and build infrastructure to power its next-gen products. One of the areas ShareChat is primarily exploring is camera tech for developing familiar social features such as augmented reality experiences, lenses, filters, stickers, live video streaming, and more, for both ShareChat and Moj.

Back home in India, ShareChat has made a series of acquisitions over the last couple of years, including a fashion marketplace, a hyperlocal information service, meme creator app, a video production and talent agency firm for influencers, and more. They paint a rather clear picture of where its headed: an all-encompassing social media platform that can challenge behemoths such as Facebook at a wider scale.

Until then, Sachdeva maintains that he isnt worried about competition. We have never been influenced by competition to design our business model, he says. We believe that we are in a favorable position with our understanding of the nerve of the market.

Shubham Agarwal is a freelance technology journalist from Ahmedabad, India. His work has previously appeared in Digital Trends, HuffPost, and more. You can reach out to him on Twitter.

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India's ShareChat is being courted by US tech giants - Fast Company

As Google fights with Australia, Microsoft promotes Bing and says it wouldnt threaten to leave country – GeekWire

(Microsoft Image)

Microsoft is wading into a dispute between Google and the Australian government by asserting that it would never threaten to leave the country, as Google did last week.

Google is against a proposed new law which would make tech giants negotiate payments with local publishers and broadcasters for content included in search results or news feeds, CNBC reported. The company is threatening to block its search engine in Australia as a result.

While other tech companies may sometimes threaten to leave Australia, Microsoft will never make such a threat, Microsoft President Brad Smith said in a blog post on Wednesday. We appreciate what Australia has long meant for Microsofts growth as a company, and we are committed to supporting the countrys national security and economic success.

Microsofts Bing could certainly use a little help in making up ground in Australia. Google currently dominates the search engine market in the country with 94.5% of the share to Bings 3.6%, according to StatCounter.

Australian Prime Minister Scott Morrison said that he spoke with Microsoft CEO Satya Nadella, who said that Microsoft was ready to step in and expand Bing in Australia if Google pulls its search engine, according to Reuters.

We will invest further to ensure Bing is comparable to our competitors and we remind people that they can help, with every search Bing gets better at finding what you are looking for, Smith wrote.

Australias so-called news media bargaining code specifically targets Google and Facebook, which both get a large part of their revenue from the digital advertising that runs alongside news stories. Google has called the code unreasonable and unworkable, according to CNBC.

Smith said Microsoft is committed to Australia and news publishers that are vital to the countrys democracy and that the code reasonably attempts to address the bargaining power imbalance between digital platforms and Australian news businesses while recognizing the important role search plays, not only to consumers but to the thousands of Australian small businesses that rely on search and advertising technology to fund and support their organizations.

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As Google fights with Australia, Microsoft promotes Bing and says it wouldnt threaten to leave country - GeekWire

Top Stocks To Buy Today As Alphabet And Amazon Move Markets – Forbes

getty

Reddit stocks swung back and forth on Wednesday but, for the first time in over a week, that wasnt the biggest news of the day. Were back to some normal market behavior with a focus on strong earnings. Alphabets stock popped over 8% after it reported 23% revenue growth and booming cloud business. Although Amazon AMZN nearly doubled analyst estimates for revenue and, for the first time, exceeded $100 billion in revenue, its stock only traded about 0.2% high based on news that founder and CEO Jeff Bezos was stepping down. Other factors moving the markets on Wednesday was stimulus negotiation progress and data showing that private firms added 174,000 jobs in January and beat the 50,000 Dow Jones estimate. As investors digested all of this news, the Dow Jones fell about 50 points, while the S&P hovered around a 0.2% gain, and the Nasdaq NDAQ gained 0.6% and approached another intraday record high. For investors looking to make the most of this market, the deep learning algorithms at Q.ai have crunched the data to give you a set of Top Buys. Our Artificial Intelligence ("AI") systems assessed each firm on parameters of Technicals, Growth, Low Volatility Momentum, and Quality Value to find the best Top Buys.

Sign up for the free Forbes AI Investor newsletterhereto join an exclusive AI investing community and get premium investing ideas before markets open.

Quanex Building Products is our first Top Buy today. Quanex Building Products is an industry-leading manufacturer of components sold to Original Equipment Manufacturers in the building products industry. Quanex also designs and produces energy-efficient fenestration products in addition to kitchen and bath cabinet components. Our AI systems rated the company A in Technicals, B in Growth, A in Low Volatility Momentum, and A in Quality Value. The stock closed up 2.39% to $23.52 on volume of 161,136 vs its 10-day price average of $23.78 and its 22-day price average of $24.32, and is up 6.33% for the year. Revenue was $851.57M in the last fiscal year compared to $889.78M three years ago, Operating Income was $56.13M in the last fiscal year compared to $38.16M three years ago, EPS was $1.17 in the last fiscal year compared to $0.76 three years ago, and ROE was 11.22% in the last year compared to 6.62% three years ago. The stock is also trading with a Forward 12M P/E of 16.97.

Simple moving average of Quanex Building Products (NX)

Plexus Corp is our next Top Buy. Plexus is a big player in the electronics manufacturing service industry, and provides product design, supply chain, materials management, manufacturing, test, fulfillment, and aftermarket solutions to branded product companies in the wireline and networking, wireless infrastructure, medical, and industrial spaces. Our AI systems rated Plexus C in Technicals, C in Growth, A in Low Volatility Momentum, and A in Quality Value. The stock closed up 2.29% to $80.89 on volume of 143,937 vs its 10-day price average of $79.24 and its 22-day price average of $81.63, and is up 2.24% for the year. Revenue grew by 17.22% over the last three fiscal years, Operating Income grew by 4.35% in the last fiscal year and grew by 40.6% over the last three fiscal years, and EPS grew by 5.03% in the last fiscal year and grew by 986.19% over the last three fiscal years. Revenue was $3390.39M in the last fiscal year compared to $2873.51M three years ago, Operating Income was $159.38M in the last fiscal year compared to $118.28M three years ago, EPS was $3.93 in the last fiscal year compared to $0.38 three years ago, and ROE was 12.75% in the last year compared to 1.34% three years ago. Forward 12M Revenue is expected to grow by 2.58% over the next 12 months, and the stock is trading with a Forward 12M P/E of 16.56.

Simple moving average of Plexus Corp (PLXS)

Aptargroup Inc is our third Top Buy today. Aptargroup is a global manufacturer of consumer dispensing packaging and drug delivery devices. Our AI systems rated the company C in Technicals, C in Growth, B in Low Volatility Momentum, and B in Quality Value. The stock closed up 2.13% to $136.94 on volume of 192,951 vs its 10-day price average of $136.64 and its 22-day price average of $137.01, and is up 2.46% for the year. Revenue grew by 15.47% over the last three fiscal years, while Operating Income grew by 9.36% over the last three fiscal years. Revenue was $2859.73M in the last fiscal year compared to $2469.28M three years ago, Operating Income was $396.09M in the last fiscal year compared to $325.7M three years ago, EPS was $3.66 in the last fiscal year compared to $3.41 three years ago, and ROE was 16.17% in the last year compared to 17.7% three years ago. Forward 12M Revenue is expected to grow by 7.71% over the next 12 months, and the stock is trading with a Forward 12M P/E of 33.27.

Simple moving average of Aptargroup Inc (ATR)

Our fourth Top Buy today is Avient Corp NAVI . Formerly known as PolyOne NAVI , Avient Corp is a global provider of specialized polymer materials and services such as thermoplastic compounds, specialty polymer formulations, color and additive systems, thermoplastic resin distribution, and vinyl resins. Our AI systems rated the company B in Technicals, C in Growth, C in Low Volatility Momentum, and B in Quality Value. The stock closed up 0.1% to $40.71 on volume of 521,694 vs its 10-day price average of $40.55 and its 22-day price average of $42.05, and is up 3.19% for the year. Revenue grew by 1.43% in the last fiscal year and grew by 12.1% over the last three fiscal years, Operating Income grew by 12.24% in the last fiscal year and grew by 35.89% over the last three fiscal years, and EPS grew by -948.57% over the last three fiscal years. Revenue was $2862.7M in the last fiscal year compared to $2590.3M three years ago, Operating Income was $222.3M in the last fiscal year compared to $183.6M three years ago, EPS was $7.57 in the last fiscal year compared to $(0.7) three years ago, and ROE was 9.5% in the last year compared to 16.77% three years ago. Forward 12M Revenue is expected to grow by 22.68% over the next 12 months, and the stock is trading with a Forward 12M P/E of 18.75.

Simple moving average of Avient Corp (AVNT)

Euronet Worldwide EEFT is our final Top Buy. The company is a worldwide provider of electronic payment services, and offers ATMs, point of sale services, credit/debit card services, currency exchange and other electronic financial services and payments software. Our AI systems rated Euronet B in Technicals, A in Growth, C in Low Volatility Momentum, and A in Quality Value. The stock closed up 0.75% to $128.5 on volume of 528,537 vs its 10-day price average of $131.61 and its 22-day price average of $138.43, and is down 8.64% for the year. Revenue grew by 9.65% over the last three fiscal years, and was $2750.11M in the last fiscal year compared to $2252.42M three years ago. Operating Income was $475.19M in the last fiscal year compared to $300.05M three years ago, EPS was $6.31 in the last fiscal year compared to $2.85 three years ago, and ROE was 24.66% in the last year compared to 14.95% three years ago. Forward 12M Revenue is expected to grow by 12.47% over the next 12 months, and the stock is trading with a Forward 12M P/E of 26.92.

Simple moving average of Euronet Worldwide Inc (EEFT)

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Top Stocks To Buy Today As Alphabet And Amazon Move Markets - Forbes

Alibaba said it is examining its business in response to an antitrust investigation. – The New York Times

The Chinese e-commerce titan Alibaba said on Tuesday that it was conducting internal reviews of its business in response to an antitrust investigation by the Chinese government, which in recent months has begun scrutinizing the countrys big internet companies like never before.

For many years, the growth of giants like Alibaba was celebrated in China as the fruit of a thriving private sector. Now, regulators in Beijing are more concerned about how the companies size and influence are affecting the interests of their customers and competitors, echoing the scrutiny that Western tech giants like Google face in the United States and Europe.

We approach this antimonopoly investigation with a cooperative, receptive and open mind set, Alibabas chief executive, Daniel Zhang, said on a conference call announcing the companys latest financial results. We have a deep appreciation of the significant social and public responsibilities of operating our platform. Beyond complying with regulatory requirements, we will continue to do our best to fulfill our responsibilities to society.

Mr. Zhang said Alibaba would say more when the investigation was complete. He gave no indication when that might be.

Chinas market watchdog announced the inquiry in late December, amid a series of actions by the authorities to rein in tech giants. The month before, officials had abruptly halted plans by Ant Group, Alibabas financial-technology affiliate, to go public in Shanghai and Hong Kong, citing the need for new supervision of internet finance. Regulators later ordered Ant to revamp its business, a process that Mr. Zhang said was still ongoing.

Ants business prospects and fund-raising plans remain subject to substantial uncertainties, Mr. Zhang said.

Like other tech giants such as Amazon, Alibaba has enjoyed strong growth during the pandemic, as lockdowns lead people to depend more on digital services.

Chinas resilient economy helped drive a 37 percent increase in Alibabas sales in the latest quarter, the company also said on Tuesday. Profits for the quarter were $12.2 billion and revenue was $33.9 billion, beating analysts forecasts. Cloud computing revenue grew 50 percent from a year ago, to $2.5 billion. Alibaba said that part of its business was profitable for the first time in the December quarter.

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Alibaba said it is examining its business in response to an antitrust investigation. - The New York Times

Cops can hunt for Marcus Rashfords racist trolls but only tech giants can silence them – The Sun

I AM scum. I am fat. I am ugly. And I have the talent of a single-celled amoeba.

Not my thoughts, necessarily, rather the words of dozens of trolls this week following an entirely innocuous interview with Piers Morgan.

6

We were discussing TV ratings.

Over the weekend, Marcus Rashford a man so brilliant and decent he was awarded an MBE for his anti-poverty campaigning revealed he had been hit by a string of abusive slurs relating to the colour of his skin.

While our levels of trolling are by no means directly comparable, things do need to change.

Smartly, Marcus refused to name-and-shame these imbecilic Instagram keyboard warriors.

Because, presumably, giving these cretins air-time would be singularly the most exciting thing to have ever happened in their tragic little lives.

Instead, Greater Manchester Police revealed an investigation has been launched, and action will be taken.

But will it?

Last week, ministers drew up plans to fine The Big Three Facebook, Twitter and Instagram if they dont start clamping down on anonymous abusers.

In August 2019, Twitter vowed to monitor the accounts of high-profile black footballers.

And yet, 18 months on, type almost any unsavoury word into the search box and up pops an array of inflammatory and offensive posts.

They make for unedifying reading.

Airbnb, the San Francisco startup which has gone on to become the planets biggest hotel chain, demands an intimidatingly long list of security requirements before users can join.

So if we have to jump through hoops in order to stay in someone elses house, why is it so easy to invade someones personal space via the medium of a mobile phone?

Obviously this isnt communist China. We already have our daily state-sanctioned walks.

We dont want the Government, or social media companies, having unlimited access to our private data as well.

But why are these global tech companies, worth billions and billions of pounds, still struggling to enact policies they themselves brought in?

Surely its not too much trouble to demand users provide a full name, mobile phone number and a photo to ensure accounts are verified and, well, held to account.

If I had my way, users would also have to provide details of their employer.

That way, one racist or homophobic post later and your boss would know exactly how much of a scumbag you are outside of the office.

If these people people in the loosest sense of the word here thought their jobs were at stake, they might think twice before spouting their bile.

Freedom of speech is one thing no one should be too scared to make a joke or gently poke fun at an issue or person but systematic trolling is quite another.

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On Sunday, the Duke and Duchess of Cambridge waded into the Marcus Rashford row, calling for those who choose to spread hate being held accountable.

William and Kate are two of the hardest-working royals out there and the prince even worked during his battle with Covid in April. But they, too, get horrifically trolled.

At any one time, Kate is deemed too thin, too perfect, too dull, too smiley.

She literally cannot win.

In the wake of my interview with Piers, I came off Twitter for a day. When I logged back on I had more than 1,000 notifications, very few of them praising my Austenesque turn of phrase or glamour-model good looks.

Piers once told me he laughs off most of the comments but even he, the most thick-skinned man in showbiz, is not immune to it all.

Unless youre a sociopath, its simply impossible to ignore

Made Brexiteers of us all

URSULA VON DER LEYEN and her underlings have made Brexiteers of us all.

I voted Remain and, until recently, was pretty nervous about the whole quitting Europe thing.

But then the European Commission President came along, tried to blockade our vaccines and reminded us all just why so many wanted to leave the EU in the first place.

Arguably, for the first time in 12 months, Boris Johnson has acted decisively and swiftly in his handling of the Oxford-AstraZeneca and Pfizer jabs.

While immense credit must also be given to vaccine tsar Kate Bingham, its Ursula, that other high-profile female at the centre of Europes chaotic vaccination rollout, who has shown Brits that we can not only survive without the EU, but flourish.

LAST night I switched on my TV to watch Keeley Hawes moping around her smart home in Finding Alice.

On Friday I binged Keeley Hawes playing a misguided mum in Its A Sin.

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And now, its emerged, I can fill my Saturday nights watching Keeley Hawes as a DI in Line Of Duty.

Yep, as if we didnt have enough of the 44-year-old actress, the BBC has just announced plans to re-run series two of the hit police procedural show.

Perhaps time for casting agents to give someone else a crack?

00:41am on January 31 marked a pretty rubbish one-year anniversary of the first ever UK case of coronavirus.

A year on, what have we learned?

Well, it turns out were not all as materialistic as we once thought.

Yesterday a report showed that Brits are reading more than ever, while banana bread and sourdough continue to get churned out in households across the UK.

Apparently more of us are knitting (no idea who, but still), playing Scrabble and getting outside for some good old-fashioned walking.

Influencers aside they are too busy hash-tagging from Dubai to be dusting off board games weve rediscovered the joys of being wholesome.

Digital detox

THERES a new fat-shaming in town, and it goes by the name of screen-humbling.

Thanks to lockdown mkIII and bleak mid-winter not only are we cooped up inside more than ever, we have also largely exhausted Netflix and iPlayer.

This means more aimless scrolling on mobiles. Or, in my case, six hours and 38 minutes of aimless scrolling.

As if the iPhone pedometer wasnt shaming enough, smartphones are helpfully offering up a daily screen time counter and mine is routinely terrifying. So on Sunday I decided to go cold turkey with a WhatsApp detox.

I lasted 16 hours and in that time missed calls from my boss, two best mates and the Amazon delivery driver, all genuinely concerned Id died in the night/wasnt in to sign for my new dog blanket.

BECAUSE there is not enough going on in the world right now, people have been moaning about Holly Willoughbys boobs and Davina McCalls knees.

These ridiculous humans have even gone to the effort of complaining to broadcast regulator Ofcom about said boobs.

6

In fact, more people complained about Hollys cleavage on Dancing On Ice than objected to jockey Jason Maguires excessive use of the whip on poor, flogged racehorse Ballabriggs in the 2011 Grand National.

Similarly, Davina incurred the wrath of trolls for daring to wear a white spaghetti-strap dress on The Masked Singer, at the age of 53.

The assumption being any female over 40 should flash no more than a finely turned ankle and a hint of wrist.

HIC-HIC hooray its the end of Dry January.

And God, what an interminable month its been.

Bar one, small aberration sadly no actual bars I stuck to it.

In normal times Id be planning an almighty midweek bender to excitedly re-wreck my rejuvenated liver.

But actually, theres no point. Who am I going to get hammered with?

Which stranger am I going to hug at 11pm, telling them I can see us being friends in 40 years time? You see, pointless.

So, for the first time ever, Im planning on going booze-free until spring finally arrives.

Because nothing beats a spot of self-flagellation.

CONFIRMATION that Britains Got Talent has been scrapped this year means two things: We are spared both a bunch of stage-school brats high-kicking around the London Palladium and Simon Cowell appearing on screen in 2021.

The once most over-exposed man in showbiz has, all of a sudden, gone eerily quiet.

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After spending his new year in Barbados, the 61-year-old mogul has noiselessly returned to London and has yet to get papped.

After breaking his back in August, he didnt even appear by video link for the widely hyped final.

This means Simons most recent TV appearance, a pre-record, was in September 2020.

With The X Factor also resting this year, Simon wont now appear on TV until April 2022.

In showbiz terms, an aeon.

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Exclusive

DUBAI JAIL FEARBrit faces two years in Dubai jail for sending 'F*** You' text to flatmate

ITS around this time of year that Strictly bookers start to hit the phones.

This year surely well see a waltz from Chris Whitty an Argentine tango from Jonathan Van-Tam or Dido Harding doing the paso doble.

6

And given the Beeb loves a twirling politician, Health Secretary Matt Hancock can expect a call...

GOT a story? RING The Sun on 0207 782 4104 or WHATSAPP on 07423720250 or EMAILexclusive@the-sun.co.uk

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Cops can hunt for Marcus Rashfords racist trolls but only tech giants can silence them - The Sun

Tech, Shopping and Black History Month – WWD

Tech companies are showing their support for Black History Month in a variety of ways, including new shopping-related features.

On Monday, Google revealed that its extending the Black-owned attribute in its Shopping tab to make it easier for consumers to find and patronize local businesses. Business owners can immediately add the attribute through the Google Merchant Help Center, and the feature will become available to all U.S. Google Merchants in the coming months.

Google sees the move as a natural extension of a similar feature rolled out last summer across search and maps. Now, with the retail angle, the company figures it could help bolster direct commerce for relevant establishments.

According to Attica Jaques, director of brand marketing for consumer apps at Google, search interest in Black-owned businesses soared 600 percent over the past 12 months, based on Google Trends data.

Across the country, people have been looking for Black-owned restaurants, Black-owned bookstores, Black-owned beauty supply and more, which speaks to the diversity within the Black business community, Jaques wrote in a Google blog post. We want to make it easier for people to support and spend dollars with the Black businesses they love.

The change fits into Googles stated goal with shopping. Its mission of democratizing online retail for merchants of all sizes, as a spokeswoman told WWD, spurred major updates to Google Shopping over the past year. Merchants were allowed to offer products for free and with no commission fees for online check-out via Buy on Google. The company also released changes designed to help consumers find new stores and compare prices.

Googles Black-owned business attribute in the Shopping tab.Courtesy image

The massive uptick in interest for supporting Black-owned businesses wasnt limited to Google. Yelp saw an even greater surge amounting to unprecedented numbers, it said. Searches for Black-owned businesses on the site shot up 2,400 percent in 2020, compared to 2019, and review mentions were up 232 percent over the same period.

Naturally, the online directory and review site for local businessesis celebrating Black History Month as well. To mark the occasion, Yelp is curating a list of Black-Owned Businesses to Watch in 2021 a roster that comprises highly rated and popular Black-owned businesses across the beauty, home, and food and restaurants categories.

Facebook and Instagram will double down on the parent companys #BuyBlack Friday campaign, which pulled in more than 15 million views last fall. This time, they aim to boost visibility for Black entrepreneurs with a #BuyBlack initiative across Facebook and Instagram Shops. Instagram will also promote Black-owned brands through its @Shop account.

Apple is marking the month with retail, too, though in a different way. On Monday, the tech giant said its releasing a Black Unity Collection for its Apple Watch that was designed to celebrate and acknowledge Black history and Black culture, a spokesperson said.

Apples Black Unity Collection offers a limited-edition Apple Watch Series 6, watch face and strap in honor of Black History Month.Courtesy image

The line includes a limited-edition Apple Watch Series 6 with a Black Unity Sport Band and a new Unity watch face. Apple Watch Series 6 Black Unity starts at $399, and the Black Unity Sport Band retails for $49.

According to the company, the effort will support six groups: Black Lives Matter Support Fund via the Tides Foundation; European Network Against Racism, International Institute on Race, Equality and Human Rights; Leadership Conference Education Fund; NAACP Legal Defense and Education Fund Inc., and Souls Grown Deep. How much of the proceeds will be directed to these organizations was unclear.

These projects are just a sliver of broader equity efforts and Black History Month initiatives. But the spotlight on shopping and social awareness could offer concrete, measurable support that can make a difference for Black-owned businesses, especially during the critical COVID-19 retail recovery period. And that means, hopefully, the support will continue on beyond just this month.

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Tech, Shopping and Black History Month - WWD

Like Rockefeller and Gates, Bezos rides off into the sunset just as the lawyers take away the fun – MarketWatch

In building his Amazon empire from scratch, Jeff Bezos, the soon-to-be former chief executive officer, deserves to rank alongside other business titans, such as John D. Rockefeller and Bill Gates.

Like Rockefellers Standard Oil and Gatess Microsoft MSFT, +1.46%, companies which changed the U.S. economy in huge wayswhile creating fabulous wealth for themselves and their shareholdersBezoss Amazon AMZN, -2.00% forever altered the way we shop, read, consume and more.

Opinion:The key lesson for Amazon investors as Andy Jassy takes over from Jeff Bezos

But like Rockefeller and Gates, he also ran afoul of the U.S. government. Citing monopolistic concerns, the government broke up Standard Oil in the early 20th century, sought to break up Microsoft in the early 21st, and now talks about breaking up Amazon, along with other tech giants like Apple AAPL, -0.78%, Facebook FB, -0.16% and Alphabet GOOGL, +7.28%, the parent company of Google.

Being an alleged monopoly is but one issue. There are also growing concerns about privacy, and the huge amount of data that Amazon vacuums up each day from its customers, suppliers and rivals.

ICYMI: 5 things to know about new Amazon CEO Andy Jassy

These are about to become Andy Jassys problems. The incoming CEO, whose cloud-computing divisionAmazon Web Servicesis the companys real profit engine, will now have to fend off regulators, mostly Democrats, who are displeased with what some call Amazons monopolistic business practices, and suggest that perhaps it should be broken up.

One of those regulators is Washington Democratic Congresswoman Pramila Jayapal, whose Seattle district includes Amazons headquarters.

Jayapaljust elected to her third term in Congress with 83% of the voteprobably represents more Amazon employees than anyone else, and says in a statement that the retail giant must be held to account for unacceptable treatment of workers including delivery drivers and warehouse employees; decisions to cut hazard pay and paid sick leave during a raging pandemic even as the top management and wealthiest shareholders get richer.

One chart: With Jeff Bezos at helm, Amazons stock performance has made the S&P 500 look like a flat line

Even more worrisome to Amazon than that salvo is the fact that Jayapal just happens to siton the antitrust subcommittee of the House Judiciary Committee. She says Amazon (and other dominant tech platforms) engages in anticompetitive behavior and monopolistic practices, that should be reined in.

Jeff Bezos built Amazon into a monolithbut did it hurt American workers?

Amazon has thrown money at these problems, dropping $18.7 million on an army of 118 lobbyists in 2020 alone, according to public records.

But it seems unlikely that this will be enough to fend off lawmakers, who think Amazon and other tech giants have gotten too big and are stifling competition.

Therese Poletti: Amazon doesnt need Jeff Bezos as CEO to be Amazon

Whats interestingand problematic for companies such as Amazonis that this is actually a rare issue on which you can find agreement among Democrats and Republicans, albeit for different reasons.

The beef that Republicans have with big tech largely concerns alleged muzzling of conservative voices. In Amazons case, its recent move to stop providing cloud services to Parlera conservative-oriented social networkhas raised hackles in conservative circles, while Apple removed itfrom its App Store. Both Apple and Amazon said Parler hasnt done enough to address threats of violence from its users. The moves were announced days after the Jan. 6 attack on the U.S. Capitol.

Democrats find themselves in a more contradictory position. Theyre supportive of big techs moves against alleged online threats, but have a beef with the above-mentioned anticompetitive practices, privacy and data issues.

Whats interesting here is the timing of Bezoss departure. Hes stepping aside just as all these issues are coming to a head. On Nov, 5, 1999, a federal judge, Thomas Penfield Jackson, declared that Microsoft was a monopoly that used its vast power to crush would-be-rivals. On Jan. 13, 2000just 61 days later, Gates said he was stepping down as CEO, to be replaced by Steve Ballmer. Even Rockefeller retired from day-to-day business operations at Standard Oil in the mid-1890s, not too long after Congress passed the Sherman Antitrust Act, and after the OhioSupreme Court dissolved the Standard Oil Trust (the company would not be fully broken up until 1911).

Perhaps the timing of Rockefeller and Gatess departures then were coincidences, and perhaps Bezos deciding to leave later this year is too.

But it seems to me that the real fun in being a wildly successful entrepreneur is the chase: Starting something from scratch, working your rear end off, and seeing your idea soarand turning into buckets of money. It certainly isnt dealing for years on end with lawyers and often clueless politicians who think youve gotten too big for your britches and want to take you down a notch.

So perhaps Bezos, just 57 and with plenty of things on his plate, like Blue Origin, a spaceflight company, is getting out when the getting is good. A monopoly? An abuser of data and trampler on the privacy of others? A silencer of conservative voices?

These are subjective matters which will play out for months and years to come. Amazons market cap, as of Wednesdays close, was $1.65 trillion. Hes leaving on top.

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Like Rockefeller and Gates, Bezos rides off into the sunset just as the lawyers take away the fun - MarketWatch

Donald Trump and Joe Biden vs. Facebook and Twitter: Why Section 230 could get repealed in 2021 – USA TODAY

The CEOs of Twitter, Facebook and Google are facing a grilling by GOP senators making unfounded allegations that the tech giants show anti-conservative bias. Their focus includes Section 230, a law relating to unfettered internet speech. (Oct. 28) AP Domestic

In 1996, Congress passed the Communications Decency Act, which fueled the rise of the modern internet and technology giants Facebook, Google and Twitter. And thatlaw contains a provision that has emerged as one of the nation's most hotly contested issues.

Section 230 allowed these companies to largely regulate themselves, shielding them from liability for much of the content their users post on their platforms, and granting companies legal immunity for good faith efforts to remove content that violates their policies.

The key part of the provisionsometimes called the "twenty-six words that created the internet" reads: No provider or user of an interactive computer service shall be treated as the publisher or speaker of any information provided by another information content provider.

What that boils down to: Individual users canbe sued for content they post but generally the platformscannot, at least not successfully.

From COVID-19 to voter fraud:Trump is nation's single largest spreader of disinformation, studies say

'Who the hell elected you?'Tech CEOs accused of bias against Trump and conservatives days before election

There are exceptions such as federal crimes and intellectual property claims. Also, lawmakers in 2018 chipped away at Section 230 protections by passing a law that makes it easier to sue internet platforms that knowingly aid sex trafficking.

But broadly speaking, internet companies have wide latitude to decide what can stay on their platforms and what must come down. Internet platforms say they could not exist in their current form without these protections.

We have to get rid of Section 230, President Donald Trump said at a rally in Georgia on Monday night, referring to the horrendous tech giants. Or youre not going to have a country very long.

Democrats and Republicans agree that the nation's leading tech companies have becometoo powerfuland need tougher regulation. Both partiesare threatening to narrow or repeal Section 230.

Bottom line, they say, social media platforms should be held more accountable for how they police content. But their reasons are very different.

Democrats including president-elect Joe Biden have urged Congress to revise Section 230 to force tech companies to remove hate speech and extremism, election interference and falsehoods.House Speaker Nancy Pelosi has called Section 230 a giftto Big Tech. "It is not out of the question that that could be removed," she said in 2019.

Trump and many Republicans, on the other hand, accuse tech companies of censoring conservativesand limiting their reach on social media.

Twitter CEO Jack Dorsey appears on a monitor behind a stenographer as he testifies remotely during the Senate Commerce, Science, and Transportation Committee hearing "Does Section 230's Sweeping Immunity Enable Big Tech Bad Behavior?" on Oct. 28.(Photo: Pool, Getty Images)

A number of bills to hold Facebook, Google and Twitter legally accountable for how they moderate content are circulating in Congress, includingthe EARN IT Actand the PACT Act.

However, Jeff Kosseff, an assistant professor of cybersecurity law in the United States Naval Academys Cyber Science Department, saysit would be challengingfor Congress to reach consensus on how to alter Section 230.

You have two competing views as to what platforms should be doing, Kosseff, author of The Twenty-Six Words That Created the Internet, told USA TODAY last year. Its hard to imagine what would satisfy everyone who is upset with the tech companies.

If Section 230 were repealed, he says we would see the platforms conduct more moderation, not less, because of the increased risk of their liability for content users' post.

Twitters Jack Dorsey and Facebook's Mark Zuckerberg say their platforms strike a balance between promoting free expression and removing harmful content. They acknowledge making some enforcement errors but say their policies are applied fairly to everyone.

Both tech leaders say they're open to revising Section 230. Zuckerberg told lawmakers in November: "We would benefit from clearer guidance from elected officials."

Censorship or conspiracy theory?Trump supporters say Facebook and Twitter censor them but conservatives still rule socialmedia

Dorsey said the platforms should be more open with users about how content moderation decisions are made and should offer a straightforward way to appeal moderation decisions. Hed also like to see users be able to opt out of algorithms that determine what content they see on the platform.

Trumps attacks on Section 230 intensified in the final weeks of his re-election campaign as social media companies labeled or removed posts they deemed false or misleading or that could cause harm or incite violence.

Former Vice President Joe Biden and President Donald Trump are on opposite sides of the vote-by-mail issue.(Photo: AP)

If anything, the attacks intensified after the election as social media companies flagged the presidents allegations of election rigging and voter fraud. Trump also tried to repeal Section 230 through the National Defense Authorization Act.

Charges of anti-conservative bias raged before the presidential election when Facebook and Twitter limited the spread of a New York Post article about Bidens son Hunter, which cited unverified emails reportedly uncovered by allies of Trump.

Zuckerberg said Facebook throttled the story while it was being fact-checked after warnings from the FBI to be on "heightened alert" about "hack and leak operations" in the final days before the 2020 election.

Twitter initially blocked links to the article, saying the links included peoples personal information and relied on hacked materials, both violations of its policies, but then reversed itself.

Conservatives have complained for years that social media companies silence the political speech of right-leaning users.

Nine in 10 Republicans and independents who lean toward the Republican Party say its at least somewhat likely that social media platforms censor political viewpoints they find objectionable, up slightly from 85% in 2018, according to an August report from the Pew Research Center.

Facebook CEO Mark Zuckerberg testifies before the House Judiciary Subcommittee on Antitrust, Commercial and Administrative Law on Online Platforms and Market Power in the Rayburn House office Building, July 29, 2020 on Capitol Hill in Washington, DC.(Photo: Pool, Getty Images)

Researchers have found no evidence to support GOP grievances that conservative voices are squelched. Rather, they say social media algorithms dont have a political affiliation or party but instead favor content that elicits strong reactions from users. What's more, studies consistently show that conservative voices and viewpoints dominate the conversation on these platforms.

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Donald Trump and Joe Biden vs. Facebook and Twitter: Why Section 230 could get repealed in 2021 - USA TODAY

Slack Is Restored – The New York Times

As it has grown in recent years, Slack has become an essential workplace tool, with many users in media organizations and companies that have shifted to working from home because of the coronavirus pandemic. More than 750,000 companies use the service, according to Slack, which became an independent, publicly traded company in mid-2019.

Salesforce, a company that sells marketing and sales software, announced in December that it would buy Slack for $27.7 billion in cash and stock, the latest in a series of major deals showing the demand for tools that allow people to work remotely. Adobe said in November that it planned to acquire the management software company Workfront for $1.5 billion, and Atlassian, which sells tools for developers, said it would buy the enterprise services business Mindville for an undisclosed amount.

The high-profile deals indicated intense competition in the market for workplace software. Other companies with such products, including Airtable, Dropbox and Smartsheet, may be among the potential targets for acquisitions by powerful tech companies. Executives at Slack, which was founded in 2010, had rejected such offers in the past.

Slack has also faced increasing competition, especially from Microsoft, which offers a collaboration product called Teams. In July, Slack filed a complaint with the European Commission that claimed that Microsoft had unfairly bundled Teams with its Microsoft Office work products, including Word, Excel and PowerPoint.

Though outages were once fairly common for internet companies, especially start-ups that grew quickly, they have become more rare as several tech giants, like Google and Facebook, have built networks of interconnected data centers.

But major firms have experienced widespread problems in recent months, highlighting how reliant many companies, schools and governments have become on those networks.

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Slack Is Restored - The New York Times

LG QNED Mini-LED TVs are its best LCDs for 2021, but they’re not as good as OLED – CNET

LG This story is part of CES, where our editors will bring you the latest news and the hottest gadgets of the entirely virtual CES 2021.

CES 2021 is coming up fast, but LG just couldn't wait to introduce the TV world's latest four-letter word. The manufacturer, best known for excellent OLED TVs like the CX series, is coming out with a new line of televisions called QNED. Based on the more common LCD TV technology instead ofOLED, QNED combines the benefits of its NanoCell technology with quantum dots for improved color, contrast and brightness, according to LG.

QNED TVs will occupy the upper end of LG's 2021 LCD TV lineup, but company representatives were careful to say they won't deliver the same level of picture quality as its OLED TVs. LG has not announced any new 2021 OLED TVs, but is expected to do so closer to CES.

QNED is just one letter away from QLED, a technology touted by Samsung and TCL with largely similar underpinnings (LED LCD backlights and quantum dots), so confusion is inevitable. LG says its QNED TVs will use Mini-LED backlight technology, much like TCL's 6-Series and 8-Series QLED TVs, which again improve brightness and contrast compared to traditional LED backlights. Samsung has not announced any Mini-LED TVs yet, but it does market wall-sized, exceedingly high-end televisions that use MicroLED tech.

Read more: Mini-LED LCD TV tech: Tiny lights lead to better picture quality

LG has yet to provide much additional information on its QNED sets. It did not say exactly how NanoCell and quantum dots would work together (both technologies traditionally focus on improving color) or provide more specifications -- aside from saying the TVs would have "up to" 30,000 Mini-LEDs and 2,500 local dimming zones, presumably in the largest sizes. It also did not announce exactly which models will use QNED or what screen sizes and resolutions (4K and/or 8K) they'll have. Company representatives promised more details closer to CES; LG has a press conference scheduled for Jan. 11.

In the meantime TV shoppers are faced with yet another confusing, similar-sounding brand name. At CNET we'll do our best to unravel it once we get more information. How QNED compares with QLED and other high-end LCD TVs, or with OLED TVs, is the biggest question however, and ultimately that answer will have to wait for reviews. Stay tuned.

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Teledyne to acquire thermal imaging company FLIR Systems for $8 billion in cash and stock – GeekWire

Sensor and imaging technology company FLIR Systems will sell to Teledyne Technologies for approximately $8 billion in cash and stock. The deal represents a 40% premium for FLIR stockholders.

Founded more than four decades ago in the Portland, Ore. region, FLIR went public in 1993. The company sells thermal imaging, night vision, and related products to customers in industries such as military, industrial, and public safety. It moved its executive team to a second HQ in Virginia last year, The Oregonian noted, and has about 350 employees in Wilsonville, Ore. FLIR employs more than 4,000 worldwide.

Publicly-traded giant Teledyne, based in California, sells similar products but the deal will complement its existing offerings, according to executives.

At the core of both our companies is proprietary sensor technologies. Our business models are also similar: we each provide sensors, cameras and sensor systems to our customers, Teledyne Chairman Robert Mehrabian said in a statement. However, our technologies and products are uniquely complementary with minimal overlap, having imaging sensors based on different semiconductor technologies for different wavelengths.

Teledyne said today it expects $800 million in fourth quarter sales, down slightly from the year-ago period. The companys stock fell more than 7% Monday after the acquisition news. Shares fell in March but have bounced back.

FLIR reported full-year revenue of $1.9 billion in 2019 and expects 2020 revenue between $1.8 billion and $1.9 billion. The companys stock also nosedived in March, came back in April and May, fell slightly through the summer, and increased toward the end of 2019.

The pandemic has brought new business to FLIR. Amid the economic downturn, the company in August reported high demand for its thermal imaging cameras used to detect elevated body temperature. Its thermal imaging tech was also used to help assess wildfires this summer.

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Teledyne to acquire thermal imaging company FLIR Systems for $8 billion in cash and stock - GeekWire

Byron Wien Says S&P 500 Will Tumble Before Rallying to 4,500 – Yahoo Finance

TipRanks

Weve turned a new page on the calendar, Old Man 20 is out the door, and theres a feeling 21 is gonna be a good year and so far, so good. The markets closed out 2020 with modest session gains to cap off larger annual gains. The S&P 500 rose 16% during the corona crisis year, while the NASDAQ, with its heavy tech representation, showed an impressive annual gain of nearly 43%. The advent of two viable COVID vaccines is fueling a surge in general optimism.Wall Streets top analysts have been casting their eye at the equity markets, finding those gems that investors should give serious consideration in this new year. These are analysts with 5-star ratings from TipRanks database, and they are pointing out the stocks with Strong Buy ratings in short, this is where investors can expect to find share growth over the next 12 months. We are talking returns of at least 70% over the next 12 months, according to the analysts. ElectraMeccanica Vehicles (SOLO)Electric vehicles, EVs, are growing more popular as consumers look for alternatives to the traditional internal combustion gasoline engine. While EVs simply move the source of combustion from under the hood to the electric power plant, they do offer real advantages for drivers: they offer greater acceleration, more torque, and they are more energy efficient, converting up to 60% of their battery energy into forward motion. These advantages, as EV technology improves, are starting to outweigh the drawbacks of shorter range and expensive battery packs.ElectraMeccanica, a small-cap manufacturer from British Columbia, is the designer and marketer of the Solo, a single-seat, three-wheel EV built for the urban commuter market. Technically, the Solo is classed as an electric motorcycle but it is fully enclosed, with a door on either side, features a trunk, air conditioning, and a Bluetooth connection, and travels up to 100 miles on a single charge at speeds up to 80 miles per hour. The recharging time is low, less than 3 hours, and the vehicle is priced at less than $20,000.Starting in Q3 2020, the company delivered its first shipment of vehicles to the US, and expanded into six additional US urban markets, including San Diego, CA and Scottsdale and Glendale, AZ. ElectraMeccanica also opened four new storefronts in the US 2 in Los Angeles, one in Scottsdale, and one in Portland, OR. In addition, the company has begun design and marketing work a fleet version of the Solo, to target the commercial fleet and car rental markets starting in the first half of this year.Craig Irwin, 5-star analyst with Roth Capital, is impressed by SOLOs possible applications to the fleet market. He writes of this opening, We believe the pandemic is a tailwind for fast food chains exploring better delivery options. Chains look to avoid third party delivery costs and balance brand identity implications of operator- vs. company-owned vehicles. The SOLO's 100-mile range, low operating cost, and std telematics make the vehicle a good fit, in our view, particularly when location data can be integrated into a chain's kitchen software. We would not be surprised if SOLO made a couple announcements with major chains after customers validate plans.Irwin puts a Buy rating on SOLO, supported by his $12.25 price target which implies a 98% upside potential for the stock in 2021. (To watch Irwins track record, click here)Speculative tech is popular on Wall Street, and ElectraMeccanica fits that bill nicely. The company has 3 recent reviews, and all are Buys, making the analyst consensus a unanimous Strong Buy. Shares are priced at $6.19 and have an average target of $9.58, making the one-year upside 55%. (See SOLO stock analysis on TipRanks)Nautilus Group (NLS)Based in Washington State, this fitness equipment manufacturer has seen a massive stock gain in 2020, as its shares rocketed by more than 900% over the course of the year, even accounting for recent dips in the stock value. Nautilus gained as the social lockdown policies took hold and gyms were shuttered in the name of stopping or slowing the spread of COVID-19. The company, which owns major home fitness brands like Bowflex, Schwinn, and the eponymous Nautilus, offered home-bound fitness buffs the equipment needed to stay in shape.The share appreciation accelerated in 2H20, after the companys revenues showed a recovery from Q1 losses due to the corona recession. In the second quarter, the top line hit $114 million, up 22% sequentially; in Q3, revenues reached $155, for a 35% sequential gain and a massive 151% year-over-year gain. Earnings were just as strong, with the Q3 $1.04 EPS profit beating coming in far above the year-ago quarters 30-cent loss.Watching this stock for Lake Street Capital is 5-star analyst Mark Smith, who is bullish on this stock. Smith is especially cognizant of the recent dip in share price, noting that the stock is now off its peak which makes it attractive to investors. Nautilus reported blowout results for 3Q:20 with strength across its portfolio We think the company has orders and backlog to drive high sales and earnings for the next several quarters and think we have seen a fundamental shift in consumers' exercise-at-home behavior. We would view the recent pull back as a buying opportunity, Smith opined.Smiths $40 price target supports his Buy rating, and indicates a robust 120% one-year upside potential. (To watch Smiths track record, click here)The unanimous Strong Buy consensus rating shows that Wall Street agrees with Smith on Nautilus potential. The stock has 4 recent reviews, and all are to Buy. Shares closed out 2020 with a price of $18.14, and the average target of $30.25 suggests the stock has room for ~67% upside growth in 2021. (See NLS stock analysis on TipRanks)KAR Auction Services (KAR)Last but not least is KAR Auction Services, a car auctioning company, which operates online and physical marketplaces to connect buyers and sellers. KAR sells to both business buyers and individual consumers, offering vehicles for a variety of uses: commercial fleets, private travel, even the second-had parts market. In 2019, the last year for which full-year numbers are available, KAR sold 3.7 million vehicles for $2.8 billion in total auction revenue.The ongoing corona crisis, with its social lockdown policies, put a damper on car travel and reduced demand for used vehicles across market segments. KAR shares slipped 13% in 2020, in a year of volatile trading. In the recent 3Q20 report, the company showed revenue of $593.6 million, down over 15% year-over-year. Third quarter earnings, however, at 23 cents per share profit, were down less, 11% yoy, and showed a strong sequential recovery from the Q2 EPS loss of 25 cents.As the new vaccines promise an end to the COVID pandemic later this year, and the lifting of lockdown and local travel restrictions, the mid- to long-term prospects for the second-hand car market and for KAR Auctions are brightening, according to Truist analyst Stephanie Benjamin.The 5-star analyst noted, Our estimates now assume that the volume recovery occurs in 2021 vs. 4Q20 under our previous estimates Overall, we believe the 3Q results reflect that KAR is well executing on the initiatives within its control, specifically improving its cost structure and transforming to a pure digital auction model.Looking further ahead, she adds, delinquencies and defaults for auto loans and leases have increased and we believe will serve as a meaningful volume tailwind in 2021 as repo activity resumes. Additionally, repo vehicles generally require ancillary services which should yield higher RPU. This supply influx should also help moderate the used pricing environment and drive dealers to fill up their lots, which remain at three-year lows from an inventory standpoint.In line with these comments, Benjamin sets a $32 price target, implying a high 71% one-year upside potential to the stock, and rates KAR as a Buy. (To watch Benjamins track record, click here)Wall Street generally is willing to speculate on KARs future, as indicated by the recent reviews, which split 5 to 1 Buy to Hold, and make the analyst consensus view a Strong Buy. KAR is selling for $18.61, and its $24.60 average price target suggests it has room to grow 32% from that level. (See KAR stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks Best Stocks to Buy, a newly launched tool that unites all of TipRanks equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

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Byron Wien Says S&P 500 Will Tumble Before Rallying to 4,500 - Yahoo Finance

Samsung is going to launch the Galaxy S21 on January 14 – The Next Web

Just a few days into the new year, Samsung has announced that its going to unveil its next flagship possibly called the Galaxy S21 on January 14. This would be the earliest release for the S-series flagship considering its usually slotted for February or March.

The event date is not entirely surprising as tipster Jon Prosser had hinted at this last November.

Samsung will supposedly launch a trio of phones: the Galaxy S21, the Galaxy S21+, and the Galaxy S21 Ultra. The Ultra is rumored to lead the pack with a 108-megapixel main sensor and support for Samsungs S-Pen stylus, like the companys Galaxy Note series.

Credit: Android Police

However, if Samsung follows Apples steps, and removes the charging brick from the shipping boxesof these phones, that might take the headlines instead of the devices features.

Apart from phones, Samsung might release a couple of other gadgets at the event too. The Korean tech giant could launch the Galaxy Buds Pro wireless earphones with active noise cancellation, along with its Tile-like item tracker tag.

Samsungs event will be live-streamed on its site and YouTube channel on January 14 at 10AM ET/ 7AM PT/ 4PM CET/ 8.30 PM IST.

Well bring you all the coverage from the event on Plugged.

Did you know we have a newsletter all about consumer tech? Its called Plugged In and you can subscribe to it right here.

Published January 4, 2021 07:32 UTC

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Samsung is going to launch the Galaxy S21 on January 14 - The Next Web