How Big Tech became such a big target on Capitol Hill

  • The five U.S. tech giants are now valued at about $7 trillion, up from $2 trillion five years ago.
  • As lawmakers made clear in a report released this week, they view Big Tech as having dangerous monopolistic power that needs to be checked.
  • A number of things have taken place in the past decade that turned the Silicon Valley-Seattle corridor into a target for Washington politicians.



Mark Zuckerberg wearing a suit and tie: Facebook Chief Executive Mark Zuckerberg walks past members of the news media as he enters the office of U.S. Senator Josh Hawley (R-MO) while meeting with lawmakers to discuss


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Facebook Chief Executive Mark Zuckerberg walks past members of the news media as he enters the office of U.S. Senator Josh Hawley (R-MO) while meeting with lawmakers to discuss

After a 16-month investigation into competitive practices at the largest U.S. tech companies, Democratic congressional staffers laid out their findings this week in a 449-page report. They concluded that Apple, Amazon, Facebook and Google enjoy monopoly power that needs to be reined in, whether that means breaking the companies up, blocking

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Morgan Stanley Analysts Reiterate $245 Price Target, See Promising Future in Microsoft’s Gaming Business

On Thursday, Morgan Stanley analysts reiterated their Overweight rating on Microsoft (MSFT) with a $245 price target. The analysts see great upside for Microsoft ahead of new Xbox console launches and following the $7.5B acquisition of game developer and publisher Bethesda Softworks.

The long-awaited release of the Xbox Series X/S console is approaching quickly. As expected, Microsoft should experience an uptick in hardware sales driven by the increase of “work/stay/play at home” activities from consumers. “The increase in gaming hardware revenue in FY21 vs.FY20 of $779 million in our model is already pressuring our existing FY21 gross margin estimates by ~35bps”, stated by Morgan Stanley analysts.

The analysts further noted: “Microsoft’s revenue base has grown meaningfully since (MSe $156 billion revenue in FY21 vs $110 billion in FY18), thus making the margin dilutive effect less meaningful now, in our view. Despite this modest gross margin headwind, we look for FY21

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Feds may target Google’s Chrome browser for breakup

Justice Department and state prosecutors investigating Google for alleged antitrust violations are considering whether to force the company to sell its dominant Chrome browser and parts of its lucrative advertising business, three people with knowledge of the discussions said Friday.

The conversations — amid preparations for an antitrust legal battle that DOJ is expected to begin in the coming weeks — could pave the way for the first court-ordered break-up of a U.S. company in decades. The forced sales would also represent major setbacks for Google, which uses its control of the world’s most popular web browser to aid the search engine that is the key to its fortunes.

Discussions about how to resolve Google’s control over the $162.3 billion global market for digital advertising remain ongoing, and no final decisions have been made, the people cautioned, speaking anonymously to discuss confidential discussions. But prosecutors have asked advertising technology experts,

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Reasons to Target This Renewable Energy Stock

The shares of SunPower Corporation (NASDAQ: SPWR) are down 3.5% to trade at $16.68 at last check, despite earlier hitting a four-year high of $18.25. And while the renewable energy company already enjoys a jaw-dropping 231.8% lead year-to-date — with support from the 30-day moving average over the last few weeks — a historic bullish signal now flashing could indicate even more upside for SPWR in the near future.

Specifically, the stock’s recent peak comes amid historically low implied volatility (IV), which has been a bullish combination for the equity in the past. According to data from Schaeffer’s Senior Quantitative Analyst Rocky White, there have only been two other times in the past five years when the stock was trading within 2% of a 52-week high, while its Schaeffer’s Volatility Index (SVI) sat in the 20th percentile of its annual range or lower — as is the case with the

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Cryoport: A Levered Refrigerator Manufacturer Trading At A Tech Multiple, $10 Price Target (NASDAQ:CYRX)

I have written on Cryoport (NASDAQ:CYRX) before, highlighting the total lack of a moat in the base business. Since that report the company has made two acquisitions, in competitive deals, that show the multiple is massively out of whack with what other buyers are willing to pay. In addition the sell side has run the stock up on the theory that CYRX will be a beneficiary of the COVID 19 vaccine distribution effort. This narrative is without merit, Pfizer (PFE) and the CDC have completely discredited the Sellside analysts interpretation here.

Below I will highlight that CYRX has morphed from an oddball ultra cold storage shipping service into a leveraged appliance manufacturer. The upside risk of vaccine distribution is extremely low, and that the likely outcome is that shareholders wake up next year with the realization that they own an appliance company trading at ~92x EBITDA. The downside scenario is

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Global Food Safety Testing Systems and Services Market to 2025 – Focus on Technology, Target Tested and Food Tested

The “Global Food Safety Testing Systems and Services Market: Focus on – Technology (PCR, Immunoassay, ICP, Chromatography), Target Tested (Pathogens, Residues, Allergen) and Food Tested – Analysis and Forecast, 2019-2025” report has been added to ResearchAndMarkets.com’s offering.

The need for food safety originated because of the highly unregulated market, which causes a high number of cases in foodborne illnesses and food recalls. The concern still persists even in current times, with a far more regulated industry that is gaining traction globally. The rising concerns about contamination of food with pathogens and other detrimental elements, has led to a constant need and evolution of the food safety tests at different levels. Also, global concerns and ongoing incidences regarding genetically modified foods, chemical residues, and other similar issues in foods, had a major impact on the policy-making process in different countries.

The globalization in the food industry is the major challenge in

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Amazon Price Target Raised to Wall Street High by Pivotal

Investors and analysts have been framing the Amazon  (AMZN) – Get Report sum-of-the-parts valuation wrong, according to a Pivotal Research analyst, who raised his price target for the internet retail giant to $4,500 from $3,925.

Shares of the Seattle-based Amazon were up 1.6% on Thursday to $3,200.08.

Analyst Michael Levine, who kept a buy rating on the shares, said in a note to clients that Amazon’s advertising was only 5% of revenue, but is a “far greater contributor” to overall non-Amazon Web Services EBIT margins than Wall Street recognizes.

“Said differently,” the analyst said, “if advertising was viewed as a stand-alone business unit … it would represent well north of 300% of 2020E non-AWS EBIT.”

Based on his view that there is “massive upside” to estimates by fiscal year 2024, the analyst increased the firm’s target to a Wall Street-high of $4,500. 

Levine thinks investors are “materially underestimating”

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‘Starfield’ Confirmed Releasing In PC, Xbox, Target Release Date Leaked

KEY POINTS

  • Bethesda is reportedly planning to release “Starfield” in 2021
  • A new image allegedly taken from “Starfield” surfaced online
  • A Microsoft executive seemingly confirmed the gaming platforms that Bethesda games would release into

Following Microsoft’s acquisition of ZeniMax Studios, more details about Bethesda’s “Starfield” surfaced online, including leaked screenshots, gaming platforms and even its release window.

One of the major questions following Microsoft’s acquisition of Bethesda’s mother company ZeniMax is if its upcoming games would be exclusively released on Microsoft Windows and Xbox. Earlier, the Redmond-based tech titan said that they would decide about Bethesda games’ exclusivity on a case to case basis. Interestingly, Xbox Gaming Partnerships and Ecosystem VP Sarah Bond noted something interesting about this in a new blog post.

“One of the things that has me most excited is seeing the roadmap with Bethesda’s future games, coming to Xbox console and PC, including “Starfield,” the highly

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Global Complex Oxide Sputtering Target Market Size will Observe Substantial Growth by 2029| American Elements, Heraeus, RHP-Technology GmbH

The MarketWatch News Department was not involved in the creation of this content.

Sep 30, 2020 (WiredRelease via Comtex) —
Opportunity Assessment For Complex Oxide Sputtering Target Market Value Statistics and Facts:

The report contains a thorough overview of the industry’s different facets that are likely to be impacted by the pandemic. Product sales of Complex Oxide Sputtering Target are surging and are expected to continue increasing between 2020 and 2029 time-frame. In addition, the report offers definitive information pertaining to the commercialization aspects, revenue estimation, and market size of the industry.

The study objectives of this market is to strategically examine each submarket with respect to individual growth Trend and Their contribution to the Complex Oxide Sputtering Target Market along with industry experts in mind to maximize return on investment(ROI) by providing clear information needed for informed business decisions. The research report studies the market in a detailed manner

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