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Posts Tagged ‘FAANG’

Facebook and Other Tech Giants to Be Hit with Big UK Tax

A new tax was announced recently by Britain’s chancellor that will target tech companies like Facebook, Amazon, and Google. The new 2% tax, which will take effect in 2020, was announced by finance minister Philip Hammond. Hammond stated, “It is only right that these global giants, which are profitable in the UK, pay their fair…

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Amazon May See Over $1 Billion in Higher Postage Fees Says Credit Suisse

The United States Postal Service has recently filed notice with the Postal Regulatory Commission (PRC) of price changes to take effect on January 27th of next year. The Governors of the Postal Service have already approved the proposed fees, which would raise Mailing Services product prices approximately 2.5 percent. Shipping Services price will increase by…

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Google Says It has Fired 48 Employees for Sexual Misconduct

In light of a recent New York Times story that said Google had protected several executives including Android creator Andy Rubin, from sexual misconduct allegations, the company’s CEO has sent an e-mail to employees in response. The email from CEO Sundar Pichai and Eileen Naughton, Google’s vice president of people operations, was obtained by CNBC…

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iRobot Shares Sink on Downgrade from Piper Jaffray

iRobot, known for the Roomba vacuum, saw its shares tank nearly 9% after receiving a lowered rating from Piper Jaffray. The firm has lowered its rating on the stock from “overweight” to “neutral” citing that trade tariffs will hurt the company’s business in 2019. Piper Jaffray analyst Troy Jensen wrote in a note to clients,…

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Millions of Users’ Information Has Been Exposed Due to a Google Bug

Google announced recently that a data breach has exposed the information of half a million Google accounts users. Shares of Alphabet Inc., the parent company of Google, saw its shares slip over 2% on the news. Google said that there was a bug in its developer platform on its Google Plus social network that left…

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