Tag Archives: Twitter

Financial Daily Dose 6.3.2020 | Top Story: New Class Action Seeks Billions From Google Over Alleged Privacy Violations

BY: Michael D. Reif | June 3, 2020

A proposed class action filed in federal court in California on Tuesday accuses Google of “surreptitiously amass[ing] billions of bits of information—every day—about internet users even if they opt out of sharing their information.” The complaint seeks upwards of $5 billion in damages – Bloomberg and MarketWatch and Law360 Highlights (term used generously) from Zuck’s … Continue reading

Financial Daily Dose 5.29.2020 | Top Story: Google Cut Costs . . . .

BY: Juvian Hernandez | May 29, 2020

Google cut costs by rescinding offers to more than 2,000 contract workers due to the strains of the pandemic – NYTimes The S&P 500 Index fell 0.6%;  the Dow Jones Industrial Average decreased 1%; the Nasdaq Composite Index decreased 0.1%; the yield on two-year Treasuries decreased one basis point to 0.16%; the yield on 10-year Treasuries … Continue reading

Financial Daily Dose 3.10.2020 | Top Story: US Markets Dive Again in Worst Trading Day Since 2008

BY: Michael D. Reif | March 10, 2020

Monday on Wall Street was the equivalent of a well-forecast storm that still managed to blow meteorologists’ minds. The deadly combination of diving oil prices and yet more COVID-19 worries spelled disaster for U.S. markets, which saw a halt to trading for the first time since 1997 thanks to a precipitous fall early in the … Continue reading

Financial Daily Dose 3.2.2020 | Top Story: Activist Elliott Mgmt Amasses Stake in Twitter and Takes Aim at CEO Jack Dorsey

BY: Michael D. Reif | March 2, 2020

Paul Singer and the Elliott Mgmt crew have a new target in their sights: Twitter’s founder and CEO, Jack Dorsey. Singer’s Elliott fund has amassed a “significant stake” in the company—perhaps as much as a billion—and is looking to throw its weight around, perhaps even starting at the top – NYTimes and Bloomberg and WSJ … Continue reading

Financial Daily Dose 2.27.2020 | Top Story: Ninth Circuit Limits First Amendment Application on Tech Platforms

BY: Michael D. Reif | February 27, 2020

The Ninth Circuit has ruled unanimously that privately operated internet platforms are “free to censor content they don’t like”—a “not unexpected” ruling that nonetheless “marks the most emphatic rejection . . . that YouTube, Twitter, Facebook and other giant tech platforms are bound by the First Amendment” – WSJ and Law360 Getting to know new … Continue reading

Financial Daily Dose 2.12.2020 | Top Story: Big Tech Antitrust Update

BY: Juvian Hernandez | February 12, 2020

Big-Tech/Antitrust Update: the FTC has demanded information from Amazon.com Inc., Apple Inc., Facebook Inc., Microsoft Corp., and Alphabet Inc. regarding acquisitions of small firms over the past 10 years that may have been too small to trigger antitrust review. This analysis of Big Tech’s “kill zones” may lead to future changes in how the FTC … Continue reading

Financial Daily Dose 1.16.2020 | Top Story: US and China Make Phase One Official While Trade Questions Linger

BY: Michael D. Reif | January 16, 2020

Well, Phase One is official, thanks to a White House signing yesterday that included Chinese Vice Premier Liu He. With that act comes our first substantive look at the deal that’s been thus-far shrouded in secrecy. Some highlights: commitments from China to purchase “an additional $200 billion worth of American goods and services by 2021,” … Continue reading

Financial Daily Dose 10.31.2019 | Top Story: Fed Delivers Expected Interest Rate Cut

BY: Michael D. Reif | October 31, 2019

As universally expected, the Fed’s Open Market Committee delivered its third interest rate cut of 2019 yesterday, though it did so while signaling that it’s likely to pause before taking action again and “is now shifting into a more patient mode” – NYTimes and WSJ and Bloomberg Markets generally approved despite Chair Powell’s hints at … Continue reading

Financial Daily Dose 10.9.2019 | Top Story: Chair Powell says Fed will Expand its Treasury Securities Holdings

BY: Michael D. Reif | October 9, 2019

Fed Chair Powell, speaking at an economics conference in Denver yesterday, made news by indicating that the central bank would “once again begin expanding its portfolio of government-backed securities”—a shift in policy hastened by recent repo market shortages requiring Fed intervention – NYTimes and WSJ and Bloomberg and MarketWatch and Law360 A Philly jury has … Continue reading

Financial Daily Dose 8.21.2019 | Top Story: Fed “Tailoring” to Weaken Big Bank Capital Requirements

BY: Michael D. Reif | August 21, 2019

Beyond the revamped Volcker Rule we discussed yesterday, Federal Reserve officials are “slowly, but steadily,” making a series of regulatory changes likely to weaken “capital requirements installed in the wake of the [2008 financial] crisis to prevent the largest banks from suffering the kind of destabilizing losses that imperiled the United States economy.” Most Fed … Continue reading