Big Tech Coverage

Zuckerberg makes $11 billion in a day - how? Soaring Meta stock
Shares of Meta, the parent company of Facebook and Instagram, shot up more than 17% Thursday, making Mark Zuckerberg nearly $11 billion wealthier in a single day. The stock had been up as much as 19% earlier in the day, briefly boosting Zuckerberg's fortune by $11.5 billion.

Apple beats Street but warns of serious supply chain headwinds in China
Apple topped Wall Street's estimates in its latest quarter and reported one of the strongest three-month periods in its history on Thursday thanks to record revenues for its services business and strong iPhone sales. However, the company warned that new Covid-related restrictions in China could hurt the current quarter.

Amazon stunner: Stock drops 9% after first quarterly loss since 2015
Amazon reported its first quarterly loss since 2015 on Thursday, its money-making juggernaut stalled by a slowdown in pandemic-induced online shopping and a huge write-down of its investment in an electric-vehicle startup.

Facebook parent Meta shares surge after financials beat Street expectations
Facebook parent Meta's first quarter profit and its count of daily users jumped past Wall Street's expectations despite the company's slowest revenue growth since going public a decade ago. Shares were up sharply in after-hours trading.

European Union takes on Big Tech with new law cracking down on content
Big Tech companies like Google and Facebook parent Meta will have to police their platforms more strictly to better protect European users from hate speech, disinformation and other harmful online content under landmark EU legislation approved early Saturday.

What's with Twitter? Social giant poisons self with a pill in fight with Elon Musk
How much will anyone pay for the privilege of a war to the death with Elon Musk? Raleigh attorney and free speech advocate Jim Verdonik examines the latest moves in the Musk-Twitter saga.

Free speech is at stake: Twitter, Big Tech, big media vs. Elon Musk … and you
Editor’s note: Veteran Raleigh-based tech attorney Jim Verdonik, founder of Fire Pit Cell which is dedicated to exploring Freedom issues, and co-founder of Innovate Capital […]

Is Twitter being cancelled or freed? Let's analyze Elon Musk's strategy
With a political philosophy that tends toward libertarian and a fondness for old fashioned concepts that value a free marketplace of ideas, Musk is a nightmare for Twitter’s totalitarian management team that pulls the cancel trigger at the slightest variation from “Twitter Think.” 

World’s richest: Elon Musk net worth tops $300B – far exceeding other tech titans
By Paul R. La Monica, CNN Business How crazy rich is Elon Musk? The Tesla and SpaceX CEO’s net worth […]

Forget the FAANGs stocks: How to invest in tech beyond big tech
Mark Lehmann, CEO of Citizens Financial-owned investment bank JMP Securities, adds Microsoft and Tesla to the mix to come up with the mountain nickname. But he thinks it may be time for investors to climb down from MT. FAANG and consider other companies in the tech sector.

EU vs. Big Tech: Digital Markets Act targets dominance by Google, Meta, Apple, others
The European Union set the stage for a stepped-up crackdown on big tech companies with an agreement on landmark digital rules to rein in online “gatekeepers" such as Google and Facebook parent Meta.

IBM suspends 'all business' in Russia, joins growing exodus of companies
A growing number of international companies, including Apple, Disney and Ford, are dialing back operations in Russia due to its invasion of Ukraine. Among the latest is tech giant IBM.

Tech stock charge: Cybersecurity shares attract bulls even as Street falters
Tech stocks, like the rest of the broader market, have seen their fair share of ups and downs since Russia's invasion of Ukraine at the end of February. But for one part of the technology sector — cybersecurity -— it's been a roaring bull market for the past few weeks. Here's what's happening.

Big tech firms quitting or reducing business in Russia; so too are many other firms
A growing number of international companies, including Apple, Disney and Ford   and other big tech firms dialing back operations i  n Russia over its invasion of Ukraine. Here's the latest list.

Nyet to Putin: More tech companies, others pull out of Russia
By CNN Business staff A growing number of international companies, including Apple, Disney and Ford, are dialing back operations in Russia over its invasion of […]

Big Tech monopolies & you: Tech Oversight Project spells out arguments for antitrust legislation
As the nation comes together to watch President Joe Biden’s first State of the Union this evening, and two House Committees hold hearings this morning on the benefits of antitrust legislation, the Tech Oversight Project is sharing a round-up of national and statewide data spotlighting how antitrust reform has bipartisan and widespread support. Take a look.

Love, hate & distrust: For Big Tech the stakes, risks are getting even bigger
Editor’s note: Jim Verdonik and Benji Jones, co-founders of Innovate Capital Law and are regular contributors to WRAL TechWire. +++ WRAL […]

De-FAANG-ed: Big tech stocks sink as Dow falls more than 500 points
For some time, many investing experts have been predicting there will be a shift away from big tech towards value stocks. It might finally be happening. Here’s the latest.

Google is trying to ‘bully’ antitrust official, 2 congressional Democrats charge
On Wednesday, Sen. Elizabeth Warren and Rep. Pramila Jayapal wrote to Google CEO Sundar Pichai lambasting his company’s efforts to get Jonathan Kanter — DOJ’s top antitrust official — to recuse himself from all matters related to the company.