Here’s how Zuckerberg thinks Facebook will profit by building a ‘metaverse’

Mark Zuckerberg wearing the Oculus virtual reality headset. Glenn Chapman | Getty Images It’s either the next evolution of the internet or the latest corporate buzzword to get investors excited over some nebulous innovation that may not even come to pass over the next decade. Either way, tech companies — primarily Facebook — are increasingly … Read more

Stocks making the biggest moves premarket: Comcast, Merck, Temper Sealy, Yum and others

Names on the move ahead of the open. Source link

Billionaire investor Chamath Palihapitiya backs UK insurance start-up as it pivots from drones to cars

Venture capitalist Chamath Palihapitiya. Mark Kauzlarich/Bloomberg via Getty Images LONDON — On June 3, one of London’s hottest days of the year so far, Chamath Palihapitiya, an early Facebook executive turned tech investor, had lunch on the rooftop of The Ned hotel with the co-founders of insurance start-up Flock: Ed Klinger and Antton Pena. The … Read more

Start-ups will suffer from antitrust bills meant to target Big Tech, VCs charge

San Francisco Compassandcamera | Getty Images Many lawmakers are eager to rein in the power of the largest tech companies: Amazon, Apple, Facebook and Google. But some of their proposals could actually hurt the smaller companies they’re meant to protect, venture capitalists warned CNBC. VCs are particularly concerned about efforts in Congress to restrict mergers … Read more

Earnings and the Federal Reserve are next big catalysts as stocks enter week ahead on an upswing

Traders at the New York Stock Exchange, July 20, 2021. Source: NYSE Here comes one of the biggest market weeks of the summer. First, the Federal Reserve meets Tuesday and Wednesday. While no action is expected, there could be some mention of the central bank’s possible wind down of its bond program. That could move … Read more

Futures edge higher after stocks notch 3-day win streak

A Specialist trader works inside a booth on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 13, 2021. Brendan McDermid | Reuters Stock futures edged slightly higher in overnight trading after a rise in technology stocks boosted the Nasdaq Composite to its third-straight positive day on Thursday. Futures … Read more

Govt likely to issue clarifications on India IT rules, officials say

Social media platforms have been vocal in their concern over stringent takedown timelines as well as what they term as the opacity in the revised India IT rules. Synopsis Clarifications on the new India IT rules are currently being discussed and are “aimed at law enforcement agencies that give orders for information and notice for … Read more

Supreme Court orders release of activist held over post on cow dung

The Supreme Court on Monday ordered the immediate release of political activist Erendro Leichombam of Manipur over his remarks allegedly targeting the ruling BJP for its unscientific modes of treating Covid such as using cow dung and urine. The court cited that his fundamental right to life and liberty would be eroded by such continued … Read more

‘Facebook isn’t killing people’ – Biden walks back attack over vaccine lies

U.S. President Joe Biden delivers remarks on the economy from the White House in Washington, U.S. July 19, 2021. Jonathan Ernst | Reuters President Joe Biden on Monday walked back some of his prior criticism of Facebook, saying he meant to accuse a handful of the social media platform’s users of spreading deadly lies about … Read more