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    👍|Facebook Plan To Prevent Future Leaks Was Leaked

    Since Facebook Inc (NASDAQ:FB) has been under fire after internal revelations by whistleblower Frances Haugen, the company is now taking measures to reduce leaks. However, in a paradoxical twist, Facebook’s measures have been leaked. Q3 2021 hedge fund letters, conferences and more “Leaky Leaks”As reported by The New York Times, the internet giant told its staff on Tuesday that it was making some of its internal online discussion groups private. “Many Facebook employees join online discussion groups on Workplace, an internal message board that workers use to communicate and collaborate with on…

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    📱|U.S. Government Orders Google To Reveal User Da…

    The U.S. government has ordered Google – Alphabet Inc (NASDAQ:GOOGL) – on at least six occasions to provide the data of those who have used certain words in its search engine. The orders are referred to as “keyword search orders” and they are mostly related to criminal activities online. Q3 2021 hedge fund letters, conferences and more Keyword Search OrdersAs reported by Forbes, this is a practice the U.S. government has carried out on at least six occasions since 2017. The revelations come after the media outlet had accessed one of these orders concerning trafficking and sexual abuse cases th…

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    👍|Why Whitney Isn’t Persuaded By Facebook’s Defense

    Whitney Tilson’s email to investors discusing why he is not persuaded by Facebook, Inc. (NASDAQ:FB)’s defense; responses to his letter to Sheryl Sandberg; other reader feedback and his comments. Q3 2021 hedge fund letters, conferences and more Why I’m Not Persuaded By Facebook’s Defense1) In yesterday’s e-mail, I shared Facebook’s (FB) defense to the latest charges of bad behavior by whistleblower and former employee Frances Haugen, as articulated by founder and CEO Mark Zuckerberg, as well as a friend who knows the company well. My take: I’m not buying what they’re selling… Zuckerberg’s pos…

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    👍|Small Businesses Selling On Social Media, Turni…

    Facebook Inc (NASDAQ:FB)’s massive outage could have an impact on small companies relying on the Facebook, WhatsApp, and Instagram apps to sell their products. The incident has cost the internet giant $100 million in revenue according to Fortune estimates. Q3 2021 hedge fund letters, conferences and more Business ImpactFurther, some small businesses might be turning away from the company as they also saw their operations and potential revenue affected. Jewelry designer Alex Rankin told BuzzFeed News, “I plan to have my own website soon so people can order off that. I cannot control Instagram.”…

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    👍|Facebook Shares Plunge 5% Over Massive Outage, …

    The shares of Facebook Inc (NASDAQ:FB) dropped by 5% Monday as the company was hit by a massive outage on the Facebook, Instagram, and WhatsApp applications. The service went offline just one day after a “60 Minutes” interview with whistleblower Frances Haugen, who has accused the company of prioritizing profit over users. Q2 2021 hedge fund letters, conferences and more Sound Impact Of Facebook’s Massive OutageAs reported by CNBC, Facebook suffered its biggest outage since 2008 as its main applications were offline. The DownDetector website tracked the issue in several countries in Europe, As…

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    👍|Lawmakers Send Facebook Stern Message: “No Inst…

    Before the Senate Commerce subcommittee, Antigone Davis, head of global safety of Facebook Inc (NASDAQ:FB), was given a clear message: the internet giant should not launch Instagram for kids. During the questioning session, lawmakers supported their claim on the company’s own leaked documents. Q2 2021 hedge fund letters, conferences and more No CommitmentThe charge was led by Sen. Richard Blumenthal, D-CT, who has been very critical of Facebook’s attempt to launch Instagram for minors, who also said that despite the company has paused its plans, “they should commit to a permanent end.” The que…

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    👍|Facebook Claims Instagram Is Not Toxic In Respo…

    Almost two weeks after The Wall Street Journal’s unfavorable report, the internet giant has hit back. Facebook, Inc. (NASDAQ:FB) has claimed that Instagram is not toxic for teenage girls, and asserted that the newspaper’s depiction of the company’s internal research on the matter was “not accurate.” Q2 2021 hedge fund letters, conferences and more Hitting BackPratiti Raychoudhury, vice president and head of research at Facebook made the claim on a Facebook Newsroom post, saying that the WSJ’s accusations are a poor interpretation of the data the media outlet accessed to. On September 14, the n…

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    👍|Why Empire Financial Research Continues To Reco…

    Whitney Tilson’s email to investors discussing why do we continue to recommend Facebook Inc (NASDAQ:FB) stock?; New York passes sweeping bills to improve conditions for delivery workers. Q2 2021 hedge fund letters, conferences and more Why Do We Continue To Recommend Facebook Stock?1) I’ve been very critical of some of Facebook (NASDAQ:FB)’s business practices in recent e-mails, which led two readers to ask: “Hi Whitney. You’ve written several e-mails outlining the awful business practices of Facebook, but you continue to rate it as a buy in one of your portfolios. Why?” – Jim S.”Hi Whitney, T…

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    📱|How Google’s New Algorithm Could Kill Your Busi…

    Unless you are a supervillain, or hiding from the authorities, a cloak of invisibility is not necessarily a good thing. When you’re in business, and you are looking to use your digital presence to drive customers and revenue, invisibility, most definitely, is not a good thing. But if you can’t remember the last time you updated your website—or if the pictures and text look super-teeny-tiny on your mobile device—you may, very well, be invisible. Q2 2021 hedge fund letters, conferences and more Google’s New Mobile First Indexing for the Whole WebThat’s because, in March 2020, Google – the search…

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    👍|Facebook Allegedly Allowing Sexist Job Ads In T…

    According to Global Witness, Facebook Inc (NASDAQ:FB)’s job adverts break the U.K.’s equality law, as the firm has “failed to prevent discriminatory targeting of ads and its algorithm was biased in choosing who would see them.” Q2 2021 hedge fund letters, conferences and more AccusationsAs reported by to the BBC, an experiment depicted how adverts for mechanics on the platform were shown mainly to men, “while ads for nursery nurses were seen almost exclusively by women.” Facebook asserts that the reason behind this is its algorithm, which shows ads to people according to their interests and pr…

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    📱|Google Faces New Antitrust Lawsuit Over Online Ads

    According to an unnamed source on Bloomberg, the Department of Justice (DOJ) in the U.S. is preparing a new lawsuit against Google – Alphabet Inc (NASDAQ:GOOGL) – to clamp on its power in the online advertising business. Q2 2021 hedge fund letters, conferences and more A New Lawsuit ComingThe lawsuit, the person familiar with the matter said, is to be filed by the end of this year. The authority is summoning third parties as witnesses, as well as targeting documents into what is seen as a thorough investigation that is picking pace. According to Bloomberg, scrutiny dates back to Donald Trump’s…

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    📱|Google, Microsoft To Invest More Than $30 Billi…

    Google – Alphabet Inc (NASDAQ:GOOGL) – and Microsoft Corporation (NASDAQ:MSFT) have promised U.S. President Joe Biden to improve national cybersecurity by investing $30 billion in the coming years. Q2 2021 hedge fund letters, conferences and more Heavy InvestmentsAs reported by The Verge, Biden held a meeting Wednesday with leading private sector and education representatives to discuss the necessary efforts to address the cybersecurity threats facing the country. He highlighted the recent high-profile cybersecurity incidents against “government agencies and energy infrastructure like the Colo…

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    👍|Facebook Criticized For Withholding Controversi…

    Facebook Inc (NASDAQ:FB) has released a report on the most viewed news stories in the second quarter. However, as the New York Times informs, an initial Q1 report was shelved because it could show how the company is struggling to deal with misinformation on the platform. Q2 2021 hedge fund letters, conferences and more Heated ControversyThe New York Times obtained a copy of the previous version and found out that it had been withheld as it would reveal how Facebook might not be doing enough to counter misleading news. In the document in question, the most viewed news story in the January-March…

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    👍|Facebook Faces More Anti-Trust Pressure After F…

    The Federal Trade Commission (FTC) is cranking the pressure on Facebook Inc (NASDAQ:FB) over accusations of anticompetitive practices with a new complaint in federal court. It follows an original complaint, dismissed by a federal judge in June. Q2 2021 hedge fund letters, conferences and more Anticompetitive AllegationsAccording to CNN, the FTC filed an amended complaint in federal court alleging the company “has monopolized social media and harmed competition.” The amended complaint was filed two months after Judge James Boasberg of the U.S. District Court for the District of Columbia dismiss…

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    👍|George Bush Laughs As Morons On Twitter Debate …

    CRAWFORD, Texas – Former President George Bush lets out a slight laugh as he views his Twitter timeline on his burner watching hundreds of people argue whether Trump or Biden are to blame for the disaster in the Middle East. Q2 2021 hedge fund letters, conferences and more Disclaimer: This is a satirical article. George Bush Avoids More Criticism“Bush actually did a lot to protect the people of the Middle East.” Bush responded to one liberal on Twitter from his burner, before being told to fuck off and eat shit. But this doesn’t bother Bush, Bush has avoided criticism his whole life by being t…

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    👍|Facebook Could Have To Sell Giphy Over Unfair C…

    Facebook Inc (NASDAQ:FB) could have to sell its gif search engine Giphy, as the Competition and Markets Authority (CMA) in the U.K. alleges the acquisition could now harm competition in the online marketing space. Q2 2021 hedge fund letters, conferences and more Unfair CompetitionThe social network giant bought Giphy for a reported $400m in May last year. Back then, reports BBC, “Facebook said half of Giphy’s traffic came from its apps, including WhatsApp and Instagram.” However, Giphy also provides gifs to rival platforms like TikTok, Snapchat, and Twitter, so the CMA “sent an enforcement ord…

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    👍|These Are The Ten Most Discussed Stocks On Twitter

    Twitter is primarily a social media platform that enables users to express their views on varying topics. It could, however, prove a good source for investing ideas as well. Millions of people use Twitter on a daily basis, including those with loads of experience in stock picking, as well as those new to the investing world. All this results in loads of stock-related discussions. This makes Twitter a valuable source for stock investing ideas. Let’s take a look at the ten most discussed stocks on Twitter. Q2 2021 hedge fund letters, conferences and more Ten Most Discussed Stocks On TwitterWe ha…

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    📱|Google, Facebook: Employees To Be Vaccinated Up…

    Big tech companies Google –Alphabet Inc Class A (NASDAQ:GOOGL)– and Facebook Inc (NASDAQ:FB) said that their employees around the world are obliged to get vaccinated against COVID-19 to return to office. Q2 2021 hedge fund letters, conferences and more Delayed comebackIn the case of Google, the return of its more than 130,000 employees is expected to take place in October. According to BBC, Google CEO Sundar Pichai explained in an email to all employees that the implementation “will vary according to local conditions and regulations” and that it will not be imposed until vaccines are widely av…

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    👍|Twitter Will Reward Hackers Who Can Fix Bias On…

    Twitter Inc (NYSE:TWTR) has launched a competition to urge hackers to find and fix errors with one of its algorithms. [soros] Q2 2021 hedge fund letters, conferences and more Fixing the bugThrough the bug bounty program, the social network wants to tackle racial and gender bias in its image-cropping algorithm, as reported by Metro. Last year, researchers said that it worked in a racist and gender-biased way. “On photos attached to tweets that are larger or a different shape than the thumbnail proportions, the site automatically chooses what portion of the image to show in the preview.” The com…

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    👍|Big Tech Earnings; And Building A Sensible Port…

    Whitney Tilson’s email to investors discussing that Amazon, Facebook, and Alphabet earnings; building the foundation of a sensible portfolio; Q&A with readers on stock declines, vaccines, and Operation Warp Speed; Hard Money’s Million Dollar Podcast episode on China. Q2 2021 hedge fund letters, conferences and more Amazon, Facebook, and Alphabet All Report Big Earnings1) The first largest tech giants, Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL), and Facebook (NASDAQ:FB) all reported big earnings numbers this week (although Amazon disappointed on …

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    📱|How Google’s Search Engine Algorithm Makes or B…

    Hummingbird, Pigeon, Phantom, Penguin, Panda. Q2 2021 hedge fund letters, conferences and more No, they’re not the names of heroes or villains in the latest action movie franchise. They’re the titles on one very important playlist: Google’s. If you’ve spent time online as a marketing professional, you’ll be familiar with the Google Shuffle. Just when you think you’ve found your algorithmic groove, Google changes the tune. Which can not only throw you off balance – it can wipe you right off the coveted Google dance card. So if you intend to stay on that card, always be prepared to come up with …

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    📱|Google Profit Nearly Tripled In Q2 To $18.5 Bil…

    According to the company’s earnings report, second-quarter profit of Google –Alphabet Inc (NASDAQ:GOOGL)– blew up estimates. The internet giant amassed $18.5 billion, a growth of 166% compared to the $6.9 billion in the same period last year. Q2 2021 hedge fund letters, conferences and more Record-Breaking StatsThe firm’s revenue reached $61.88 billion, up 62% from Q2 2020, overdoing analysts’ forecast of about $56 billion. Earnings per share topped $27.26 against a $19.3 estimate, sending Google’s stock up by 3% after the earnings disclosure. Around 80% of Google’s record-breaking success in …

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    👍|CfA Statement on Facebook Ad Targeting Policy C…

    WASHINGTON, D.C. – Today, Facebook Inc (NASDAQ:FB) announced that it would stop allowing advertisers to target under-18 users on Facebook, Instagram, and Messenger based on specific interest categories, and restrict targeting options to those users’ age, gender, and location. The change comes amidst scrutiny from lawmakers and organizations, including CfA’s Tech Transparency Project (TTP), who have criticized the platform for not doing enough to protect young users. Q2 2021 hedge fund letters, conferences and more Facebook Approved Inappropriate Ads Tragetting KidsIn May, TTP released a report…

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    📱|Tesla SuperChargers vs. High Speed DC Chargers

    Whitney Tilson’s email to investors discussing Robotaxis: have Google and Amazon backed the wrong technology?; This Arizona college student has taken over 60 driverless Waymo rides; Tesla Inc (NASDAQ:TSLA) SuperChargers versus High Speed DC Chargers; The $20 Billion Winner of the American EV Startup Boom: Saudi Arabia. Q2 2021 hedge fund letters, conferences and more Robotaxis: Have Google And Amazon Backed The Wrong Technology?1) A smart report in the FT (attached), which echoes what my analyst Kevin DeCamp thinks (see his report, which I sent around on June 7). Excerpt: Since Google launched…

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    📱|37 U.S. Attorneys Lodge Antitrust Suit Against …

    New York State Attorney General Letitia James announced a bipartisan offensive by 37 district and attorney generals against Google – Alphabet Inc (NASDAQ:GOOGL)– over monopoly practices on its mobile app store. [soros] Q2 2021 hedge fund letters, conferences and more Google raising prices and squeezing small businessesThe lawsuit claims that Google requires some apps to use its payment methods while retaining a 30% commission of their digital product sales on the company’s Android Play Store. App developers are forced to use Google’s software for distribution because the company has “targeted …

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    👍|Why Facebook’s Valuation Remains Attractive Des…

    Facebook is one of the largest technology companies in the world and has managed to derive outsized gains since it went public back in 2012. Since its IPO, the Facebook stock has returned 828% in cumulative gains, easily surpassing the S&P 500 which has gained 288% in this period. Q2 2021 hedge fund letters, conferences and more According to Plus500, Facebook was the latest company to be valued at a market cap of $1 trillion, following Apple, Amazon, Microsoft, and Alphabet. Despite its market-thumping gains, FB stock is well-positioned to outperform peers and the broader markets in 2021 and b…

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    👍|Facebook is Testing an “Extremism Detector” Fun…

    Facebook Inc (NASDAQ:FB) users in the U.S. are getting a prompt that asks them whether any of their contacts are suspects of becoming “extremists,” or if they themselves have been exposed to extremist content. Facebook tackling online extremism and abuseUsers of the platform took to Twitter to show the prompts, “Are you concerned that someone you know is becoming an extremist?” and “You may have been exposed to harmful extremist content recently.” They both link to a support center. The Facebook support page titled “What can I do to prevent radicalization” links users to Life After Hate by Exi…

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    👍|Facebook Is Not A Monopoly; U.S. Housing Prices…

    Whitney Tilson’s email to investors discussing that Facebook is big but maybe not a monopoly; Biden weighs new executive order restraining big business; U.S. housing prices jump the most in more than three decades. Q1 2021 hedge fund letters, conferences and more Facebook Is Big But Maybe Not a Monopoly1) Shares of social media giant Facebook (FB) popped on Monday when a U.S. federal judge dismissed two antitrust lawsuits against the company. Here’s Bloomberg columnist Matt Levine’s take: Facebook Is Big But Maybe Not a Monopoly. Excerpt: The government’s position is not crazy, it’s just not f…

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    👍|Facebook Hits $1 Trillion Cap Record After FTC …

    Facebook (NASDAQ:FB)’s market capitalization surpassed $1 trillion on Monday after a Washington judge dismissed monopoly charges against the company, brought by the U.S. Federal Trade Commission (FTC) and a group of 46 states. Facebook shares jumped 4.2% to 355.64 by the end of the session. Q1 2021 hedge fund letters, conferences and more Monopoly allegations dismissedU.S. District Judge James E. Boasberg of the District of Columbia ruled the monopoly allegations against Facebook by the FTC as “insufficient,” hence dismissing the claims. The antitrust lawsuit was brought against the company to…

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    👍|Why Snowflake Is Poised To Become the Facebook …

    Snowflake Inc (NYSE:SNOW) launched its venture arm only eight months ago and has already garnered a number of sizable investments under its belt — all geared towards bolstering its vision of a Data Cloud, a single place where companies can organize all of their data assets to ensure they comply with emerging regulations. Q1 2021 hedge fund letters, conferences and more Just as Facebook built its own ecosystem by acquiring Instagram and What’sApp, there’s a real opportunity for Snowflake to create its own data ecosystem through its venture arm. The company has made five other investments to dat…

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    📱|Is Quantum Supremacy A Threat To The Cryptocurr…

    There’s no accurate prediction for when Quantum Computers could be a reality; however, signs indicate that they might be here sooner than ever. With Google officially announcing its quantum supremacy through a recent publication, crypto and cybersecurity enthusiasts fear the judgment of their protocols against the power of quantum computers. [soros] Q1 2021 hedge fund letters, conferences and more Recently, Google’s Sycamore quantum chip was successful in speeding through complex equations typically unsolvable by conventional supercomputers, hence marking a significant leap in computing power …

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    👍|Put it in Your Story! 4 Ways to Grow Your Insta…

    Wondering how to grow your Instagram audience in 2021? It’s not just you. [soros] Q1 2021 hedge fund letters, conferences and more Today, brands must look further into their performance metrics and track comments, shares, saves, Insta Stories views, and even DMs to comprehend how they’re actually performing. But it’s not as complicated as you may think. So far, Instagram remains the sweetheart of the social media environment for marketers and brands alike. And we can’t ignore that since 13 percent of everyone on Earth is on it, and 80 percent of them follow brands. According to experts, engage…

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    👍|Facebook Targeted By Antitrust Probes Over Mark…

    Facebook Inc (NASDAQ:FB) faces antitrust investigations over its Marketplace business in the European Union and the U.K. Investigators are determining whether the social networking giant used its dominance in social media to boost the use of its Marketplace business over other online properties used to sell items. Q1 2021 hedge fund letters, conferences and more Facebook under investigation for MarketplaceThe European Commission, the EU’s executive arm, and the U.K.’s Competition and Markets Authority announced their separate investigations of Facebook today. The probes study a business strate…

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    👍|Must Like Facebook

    First-quarter SEC financial statements reporting has now begun in earnest and this week we will see a larger volume of fillers as we approach the filing deadline on Friday. Unfortunately, it is still too early to measure the index averages at this point but a good time to look at those early fillers like Facebook (NASDAQ:FB). [soros] Q1 2021 hedge fund letters, conferences and more Higher prices are evident nowIf the looming recovery is so strong as to stoke inflation the current ultra-easy monetary policy will need to be tightened. This will most likely result in short-term interest rates at …

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    👍|Facebook stock jumps after the company smashes …

    Facebook Inc (NASDAQ:FB) stock jumped 7% out of the gate this morning following an exceptionally strong first-quarter earnings report. The social networking giant reported $3.30 per share in earnings on $26.17 billion in revenue, while analysts had been expecting $2.37 per share in earnings on $23.67 billion in revenue. Q1 2021 hedge fund letters, conferences and more Facebook smashes earnings estimatesFacebook came up a bit short on daily active users, reporting 1.88 billion against the 1.89 billion estimated by FactSet. The social networking giant had 2.85 billion monthly active users, compa…