Mike Wacker, a former Google engineer has made repeated blockbuster claims that Google engages in manual manipulations of search results. Not only that, Mike Wacker called out CEO Sundar Pichai for lying to Congress about it. This came on top of then-anonymous claims that he himself had been told to reorder search results. Now, Mike Wacker has tweeted out confirmation of these and other facts...
US authorities have arrested the operator of a Bitcoin escrow company for defrauding two firms of $7 million. Jon Barry Thompson – a Pennsylvania man who is the director of the Bitcoin escrow firm Volantis – has been arrested and charged with two counts of wire fraud and two counts of commodities fraud, the US Department of Justice (DOJ) stated in a press release yesterday. Thompson encouraged...
Facebook's stock fell 1.5 percent in after-hours trading to $199.27 on two issues that may likely portend the future of the tech giant. Facebook Faces Frustrating Fracas There are a number of different issues facing Facebook right now. First of all, Facebook may have settled privacy issues with the Federal Trade Commission by paying a $5 billion fine, but that doesn't mean privacy issues are no...
The stock market enjoyed a powerful rally Tuesday on renewed hopes of a trade deal between China and the United States. But that optimism gave way to a fresh round of selling after the stock market closed. That's because, as the Wall Street Journal reported, the Justice Department is opening a broad antitrust inquiry into the big tech companies. Big tech under pressure after hours with the DOJ...
With the rise of cryptocurrency, it makes sense bitcoin investors are in the crosshairs of not one but two government agencies, DOJ and IRS. Let's watch my take on this
Make sure to subscribe CCNMarkets on Youtube:
By CCN: How bad will things get for the FANG stocks amidst the DOJ antitrust probe? Bad. Worse than it already has been. I expect 30% downside for Facebook, Amazon, and Google stocks, and they will bring down Netflix and Apple. Donald Trump Goes Full Pitbull The DOJ probe is entirely political. Google, Facebook, and Twitter have been censoring conservatives. The instances of blocks, bans, shadow...
Make sure you check out last week's post here, now let’s go over what happened in crypto this week. In addition to our normal weekly crypto update, we've gone ahead and launched a new podcast The Bitcoin Podcast by CCN. Check it out on iTunes and be sure to rate and subscribe! Price Watch: Bitcoin is up 5 percent this week after the crypto market extended its latter-week rally into early July...