Amazonâs 50% share price decrease in 2022 has laudable historical company. What is going on? Click here to find out...
Continue ReadingThe following are the top stories in the Wall Street Journal. - Boeing Co has halted deliveries of 787 Dreamliner jets because of a documentation issue, according to the Federal Aviation Administration. - The U.S. Justice Department said Alphabet Inc's Google destroyed written records needed for an antitrust lawsuit that focuses on how the company preserved its dominance in internet search...
Continue ReadingArch Capital's investments centered on the two worst-performing sectors of 2022 which were both down over 30% last year. Click here to read the full fund letter...
Continue ReadingJustice Department officials on Thursday said Alphabet Inc.’s (GOOGL) (GOOG) Google destroyed evidence related to an antitrust lawsuit that looks at how the company maintained its internet search dominance. The government asked a federal judge to sanction Google for its former practice of setting employee chats to auto-delete despite the company having told the court it would preserve records required for litigation, according to a report in the Wall Street Journal. A Google spokesperson told the Journal the company disputes the Justice Department’s claims...
Continue ReadingWASHINGTON—The Justice Department said Google destroyed written records needed for an antitrust lawsuit that focuses on how the company preserved its dominance in internet search. The government asked a federal judge Thursday to sanction Google for its past practice of setting employee chats to auto-delete, despite the company having told the court it would preserve records required for litigation. Google employees routinely discussed “substantive and sensitive business” using an instant-messaging product that was set to delete chats after 24 hours, the Justice Department said...
Continue ReadingU.S. Justice Department lawyers say that Alphabet Inc's Google destroyed internal corporate communications and have asked a federal judge to sanction the company as part of the government's antitrust case over its search business. The DOJ asserted in a court filing unsealed in a Washington, D.C., federal court on Thursday that Google failed to timely suspend a policy allowing the automatic, permanent deletion of employees' chat logs. The government said Google "falsely" told the U.S. in 2019 that it had suspended "auto-deletion" and was preserving chat communications as it was required to do under a federal court rule governing electronically stored information...
Continue ReadingSeth Klarmanâs 13F portfolio value increased from $5.79B to $6.13B this quarter. Click here to read an update on Baupost Group's holdings for Q4 2022...
Continue ReadingGoogle's Quantum AI team has reached a second milestone on the path to an error-reduced quantum computer with real-world applications...
Continue ReadingThe U.S. Supreme Court this week wrestled with arguments from Google Twitter, and Facebook in two sister cases that say the companies should be liable for “aiding and abetting” terrorist attacks allegedly tied to content posted to their platforms. In both cases, Gonzalez v. Google and Twitter v. Taamneh, the court could set new boundaries to interpret Section 230 of the Communications Decency Act, a 1996 law that arguably supports the economic models of social media and other interactive websites hosting third party content—and antiterrorism laws that allow American victims of international terrorist attacks to seek compensation from those who “aid and abet” the attacks...
Continue ReadingThe Dept. of Justice continues its probe of Google Maps. With CNBC's Melissa Lee and the Fast Money traders, Karen Finerman, Dan Nathan, Guy Adami and Julie Biel...
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