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Google Employees Pen Open Letter Demanding Company Drop Plans For Censored China Search Engine
Google employees have ramped up their protest over the company's once-secret plan to build a censored search engine in China, with dozens of employees signing their name to an open letter published on Medium demanding the company drop the plan, known as Project Dragonfly. The open letter appears to be a joint effort between the employees and Amnesty International to
Fred Wilson on Crypto Plunge: 'Things Will Get Worse Before They Get Better'
Fred Wilson is a man who knows the peaks and valleys of finance, having been an investor during the boom and bust of the dotcom era in the late '90s and early 2000s. Wilson, co-founder of the New York City-based Union Square Ventures, was also an early investor in Bitcoin. In a blog post published this week, Wilson drew parallels
Amazon Could Contribute More Than Half of Retail Sector's Earnings Growth This Holiday Season
The holiday shopping season kicked off with Black Friday, which raked in record online sales of $6.22 billion, up 23.6 percent year-over-year, according to Adobe Analytics data. This should bode well for Amazon.com, Inc. (NASDAQ: AMZN), which has bulldozed its way to e-commerce dominance and arguably edged some brick-and-mortar retailers out of business. Leading The Retail Pack The company's influence
What Thanksgiving Cranberries and Bitcoin Have in Common
Blockchain
Football is as much a part of Thanksgiving as turkey and family are, and nearly as old as the holiday itself. It was President Abraham Lincoln who proclaimed Thanksgiving a national holiday in 1863, saying that he hoped all Americans would carve out some time to bless the “widows, orphans, mourners or sufferers in the lamentable civil strife in which
Keepin’ It Bearish: Hedge Fund Managers See More Room to Fall
On Monday U.S. stocks took a major plunge, especially tech stocks, but it didn’t last as many of them rallied on Tuesday. However, as the day went gone on, many U.S. stocks started to slump back toward where they were at opening bell, so it would seem volatility is here to stay. Now on Wednesday, it looks like stocks are
It Turns Out China's Most Successful Capitalist is Actually a Communist
Jack Ma is the richest man in China, the 14th richest man in the world and the co-founder of Alibaba Group, the $420-billion e-commerce behemoth. Suffice to say, capitalism has been very, very good to Ma. But, alas, China's most successful - and high-profile - capitalist happens to actually be a communist, as the Wall Street Journal reports. According to
Bitcoin Lost Nearly a Third of its Value in Seven Days
Bitcoin's dreadful year appears to be coming to a disastrous end: The world's largest cryptocurrency by market value dropped as much as 14 percent on Monday to $3,675 - and lost nearly a third of its value in the past seven days - as it's suffered one of the worst weekly selloffs in its history. Bitcoin has now plunged nearly
A Perspective on the Recent Meltdown in FAANG Stocks
Tech stocks, which led the rally for much of the current stock market bull run, are also leading the market sell-off that's occurred since the start of October. The crème-la-crème of the tech space — Facebook, Inc. (NASDAQ: FB), Amazon.com, Inc. (NASDAQ: AMZN), Apple Inc. (NASDAQ: AAPL), Netflix, Inc. (NASDAQ: NFLX) and Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) — are
Brexit Drama Reaches A Fever Pitch
  Brexit Drama Reaches A Fever Pitch The Debate Over U.S. Drug Prices   This year’s Veteran’s Day/Remembrance Day observance was especially poignant, as it marked the 100th anniversary of the armistice that ended World War I. The occasion prompted a number of historical remembrances, one of the best of which can be found here. While the 1918 armistice ended
Apple Secretly Buys Silks Labs to Bolster AI Capabilities
AI
Image Source: SilkLabs.com (screenshot) Apple is trying to pack as much AI capabilities into its smartphones, tablets, and smart home devices as possible. The tech giant has secretly acquired Silk Labs, an AI startup that specializes in making AI software lightweight enough to work on consumer hardware such as smartphones, smart home devices, and cameras. According to The Information, the deal