Google down 6%, Amazon down 3% on reports of antitrust investigation - its happe
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Poast new message in this thread
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Date: June 3rd, 2019 12:20 PM Author: Sienna death wish
"So we shouldn't pursue antitrust against tech monopolies simply because Trump doesn't like them? Serious question: are you a moron?"
I literally put that I support this 100% in the first line.
The issue is that this standard will not be applied consistently at all. Apple, which engages in the same type of behavior, will probably skate because its leadership has generally avoided offending Trump.
If and when Amazon and Google try to placate POTUS, this might go away, which is what I'm worried about.
(http://www.autoadmit.com/thread.php?thread_id=4275361&forum_id=2#38332404) |
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Date: June 3rd, 2019 12:29 PM Author: Sienna death wish
LITERALLLY from last night:
We have got to make it clear that when this country drifts toward oligarchy, there is no “middle ground.” Large profitable corporations like Amazon will pay their fair share of taxes.
https://twitter.com/BernieSanders/status/1135337400476078080
(http://www.autoadmit.com/thread.php?thread_id=4275361&forum_id=2#38332457) |
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Date: June 3rd, 2019 1:14 PM Author: bisexual flushed house karate
i think it's the opposite - google used to suck obama's cock so they got off scot free. eric schmidt was a big donor and had part of obama's technical campaign
Google representatives attended White House meetings more than once a week, on average, from the beginning of Obama’s presidency through October 2015. Nearly 250 people have shuttled from government service to Google employment or vice versa over the course of his administration.
No other public company approaches this degree of intimacy with government. According to an analysis of White House data, the Google lobbyist with the most White House visits, Johanna Shelton, visited 128 times, far more often than lead representatives of the other top-lobbying companies — and more than twice as often, for instance, as Microsoft’s Fred Humphries or Comcast’s David Cohen. (The accompanying chart reflects 94 Shelton visits; it excludes large gatherings such as state dinners and White House tours.)
The information, Weismann said, “will help the public learn more about the company’s influence on our government, our policies, and our lives.”
see e.g. https://www.theregister.co.uk/2015/03/25/google_and_obama/
(http://www.autoadmit.com/thread.php?thread_id=4275361&forum_id=2#38332702) |
Date: June 3rd, 2019 12:35 PM Author: Multi-colored honey-headed cuck regret
Nothing will happen for a long time, if at all.
Indian women are still working on H4 visas. I heard Trump was going to cancel them. But they are still working.
(http://www.autoadmit.com/thread.php?thread_id=4275361&forum_id=2#38332484) |
Date: June 3rd, 2019 1:47 PM Author: Up-to-no-good azn dingle berry
Amazon/Google/Facebook -> Feminism -> Dracaerys
Break them all up
(http://www.autoadmit.com/thread.php?thread_id=4275361&forum_id=2#38332904) |
Date: June 3rd, 2019 2:14 PM Author: bisexual flushed house karate
nice, apple now too
Apple drops on report that Justice Department is eyeing antitrust probe
PUBLISHED 41 MIN AGOUPDATED 9 MIN AGO
Sara Salinas
@SARACSALINAS
KEY POINTS
The tech-heavy Nasdaq Composite index fell Monday after similar regulatory headlines dinged tech giants Google, Amazon and Facebook.
The possible Apple probe is linked to a potential Google probe, Reuters reported, and stems from meetings between the DOJ and the FTC.
The headlines together paint a daunting picture for Silicon Valley and the stock market's most valuable companies.
Apple CEO Tim Cook
Getty Images
Apple shares ticked lower Monday after a Reuters report saying the Justice Department is considering a probe of the iPhone maker.
The agency has been given jurisdiction to probe the company's practices as part of a broad review into potential anti-competitive behavior among big tech companies, Reuters reported, citing two sources.
The stock fell nearly 2% following the report, after trading higher earlier in the day. Apple and CEO Tim Cook are presenting updates to the company's central software at the annual Worldwide Developers Conference.
The tech-heavy Nasdaq Composite index fell Monday after similar regulatory headlines dinged tech giants Google, Amazon and Facebook.
Earlier Monday, the Wall Street Journal reported that the Federal Trade Commission will examine how Facebook's practices affect digital competition. The Washington Post reported over the weekend that Amazon has come under heightened scrutiny by U.S. regulators. And on Friday, the Journal reported that the Justice Department is preparing a probe of Google, sending shares of parent company Alphabet down more than 7% Monday.
The possible Apple probe is linked to the Google probe, Reuters reported, and stems from meetings between the DOJ and the FTC.
The headlines together paint a daunting picture for Silicon Valley and the stock market's most valuable companies. Big tech has long faced scrutiny from European regulators, but has so far shrugged off calls for government regulation in the U.S.
Apple has drawn increased criticism in recent months for what some — including streaming giant Spotify — see as anti-competitive behavior in the App Store. Apple owns and operates the online marketplace, collecting subscription fees from developers.
The so-called "Apple tax" accounts for a sizable percentage of Apple's burgeoning services revenue segment, but draws the ire of developers who, in some cases, compete with Apple's own apps in the store.
Spotify's EU complaint against Apple, filed in March, is pending investigation by European authorities.
(http://www.autoadmit.com/thread.php?thread_id=4275361&forum_id=2#38333127) |
Date: June 3rd, 2019 3:13 PM Author: crawly field mad-dog skullcap
shorted nasdaq two weeks ago.
https://imgur.com/a/Oc3ioXk
(http://www.autoadmit.com/thread.php?thread_id=4275361&forum_id=2#38333426) |
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Date: June 3rd, 2019 4:05 PM Author: laughsome center
SPX -8
YM green
IWM green
big loss for bears today because they couldn't bring anything down. Just seems to be rotation from tech into other sectors. Huge win for bulls because they got calls for cheap. disclaimer: Trump could make a tweet series of tweets and kill any action tomorrow.
edit: SPY and SPX are rallying in after hours.
(http://www.autoadmit.com/thread.php?thread_id=4275361&forum_id=2#38333661) |
Date: June 3rd, 2019 4:07 PM Author: Pungent Fanboi
Smart people develop sophisticated platforms that create incalculable value in terms of access to information, people and goods.
Way less intelligent politicians and lawyers fuck it up because they’re “too big.” Retarded poors with no Facebook, alphabet or amazon stock cheer them on
Good thing I sold my Facebook calls when I did lol
(http://www.autoadmit.com/thread.php?thread_id=4275361&forum_id=2#38333674) |
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Date: June 3rd, 2019 4:55 PM Author: Pungent Fanboi
You’re obviously fucked unfortunately.
And therefore you think it follows that everything is all bad and needs to be burned down? That seems silly.
Again we’re so rich that people are taking shit for granted IMO
(http://www.autoadmit.com/thread.php?thread_id=4275361&forum_id=2#38333953) |
Date: June 3rd, 2019 8:26 PM Author: vivacious nofapping site laser beams
does anyone think FB would be MORE valuable broken up?
Like is What'sApp even making any money today or just subsidized?
(http://www.autoadmit.com/thread.php?thread_id=4275361&forum_id=2#38334984)
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Date: June 4th, 2019 10:09 AM Author: Pungent Fanboi
Of course not. Facebook charges consumers exactly $0.00 so I’m confused as to what a viable antitrust claim would look like
At worst my guess is they face restrictions on their ability to monetize user data and ad tracking, but that probably shields them from competition. So maybe the impact is mixed
Facebook is a monster in terms of advertiser ROI. It’s a cash atm with No debt, Instagram powered user growth and a bunch of still nascent monetization opportunities. I’m going in bigly again if it gets below $150
(http://www.autoadmit.com/thread.php?thread_id=4275361&forum_id=2#38337118) |
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