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Twitter – No Rest for the Tweeted

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Twitter - No Rest for the Tweeted

Twitter – No Rest for the Tweeted –  The world’s indices have spent a large portion of 2022 in the red, including some of the most popular in the US like the S&P 500, which encompasses around 80% of the American equity market by capitalization.

However, just because SPY is down doesn’t mean all the stocks it lists are down too – case in point, Twitter.

So, let’s take a look at what analyst’s forecasts are for this social platform, as well as the overall US market.

The S&P 500 Index was founded in the 1950s and has been calculated by Standard & Poor’s (the company it was named after) ever since, tracking the stock performance of the 500 leading publicly traded companies in the US.

As you probably know, these companies haven’t exactly been doing well over this year, despite ending 2021 on a strong note and the index continuing the gains into February 2022.

Shortly afterwards though started a sharp decline that’s lasted for 9 months so far and has led to a YTD loss of over 24% for the S&P 500.

In early 2022, it seemed that the overall market was beginning to return to normalcy – coronavirus restrictions were being lifted, and air travel and freight transport were being resumed.

Despite the fact that the US market had been called overvalued even before the pandemic, things were still heading in a positive direction.

Any positive sentiment seemed to fade away with the aggravation of the geopolitical situation in Europe.

One might think that geographically, American companies are far enough away from this conflict.

but the energy crisis and supply disruptions are affecting the world at large and international markets are definitely feeling the sting.

Inflation hit an all-time record to touch a 40-year high of 8.6% in the US, and the Fed started not so slowly but steadily hiking interest rates to drive down prices.

All of this and more is what’s landed the market in its current predicament, and even with all the declines, many prominent investors still believe the market is overvalued.

One of these aforementioned overvalued companies is Twitter.

The company’s stock is characterized by sharp ups and downs, and the net result is a 15% fall over the year so far.

This rollercoaster ride is largely down to the actions of one person by the name of Elon Musk, who we’re sure doesn’t need an introduction at this point.

Let’s reconstruct the chronology here, because there have been uncountable events and it can be easy to lose track.

Twitter’s shares had been slowly and surely falling through 2022, until suddenly Mr Musk came knocking at the door in April.

He soon became Twitter’s largest shareholder, buying 9.1% of the company, and not long after he announced that he wanted to buy Twitter outright at the grand old price of $54.2 per share – trust Musk to get a 4/20 joke in there.

The company’s shares of course shot up in value, especially given shares were trading at around $40 at the time, and the board (after a short deliberation) approved the deal.

It was smoothish sailing for a while until Musk came out of the blue to announce he was putting the deal on hold in May, citing his concerns over the amount of bots on the platform as the reason.

Well, while Elon was waiting, the stock reacted with an immediate and severe drop, and Musk’s subsequent announcement that he was actually still going to buy the platform didn’t do much to save the day.

In July the technoking decided to withdraw the offer entirely because, according to him, Twitter broke the terms of the deal and misrepresented the high percentage of bots and fakes.

In return, Twitter representatives said “we’ll see you in court” to Elon and argued that he’d decided to back out of the agreement because of declines in the shares’ price – a phenomenon that just got worse as the deal got more convoluted.

Fast forward to October when the court hearings are due to begin, and what does Musk do?

Well, he goes ahead and backtracks once again to say he will in fact buy Twitter at the agreed upon price of $54.20 despite continued losses in the stock.

Got whiplash yet? Us too. Perhaps he made this decision to avoid the reputational loss, fines, and compensation that would surely befall the businessman if he lost the case.

But either way, Twitter’s stock popped a solid 20% before trading was briefly halted and had its best day since the deal was announced back in April.

Is this the end of this truly fascinating and Netflix-worthy series? Knowing Elon, it’s unlikely and we can probably expect a sequel of some kind.

What is clear though, is that Musk will continue to tweet, and it will likely continue to have an impact on not only Twitter’s stock but that of other securities like Tesla too.

There is definitely a potential opportunity here for investors to make money on the sudden advance-decline of Twitter and Elon-related stocks.

As for long-term investments, there is far less clarity, but experts can agree that we shouldn’t be expecting any growth in the next year. You never know though: Elon is almighty.

We’re not likely to see much growth in the overall US market either, despite a couple of brief hints and a recovery at the start of October.

There is no clarity at all as to when the world will come close to economic recovery.

however we can be sure that even in a situation like this it’s always possible to find promising opportunities that run counter to general market trends.

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US: A Judge Mandates that Google Allow Competing App Stores to Access Android

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(VOR News) – The ruling is that Google, the greatest technology firm in the world, is required to make its Android smartphone operating system available to merchants that supply applications that are in direct rivalry with Google’s. This decision was reached by a judge in the United States of America.

The Android Play store, which is owned and operated by Google, was found to be an example of an illegal monopoly arrangement by a jury in the state of California on Monday. The finding was reached by a jury. Monday is the day that this decision was come to.

An earlier federal judge ruled Google’s search engine illegal.

This finding, which came after that decision, has forced the company to suffer yet another setback. As a result of the corporation having already encountered its initial obstacle, this decision has been established. This particular decision was made by the judge during the month of August, when the month was in progress.

In light of the fact that the decision was made, what exactly does it mean that the choice was accepted?

In accordance with the verdict, Google is obligated to make it possible for users to download Android app stores that are offered by third-party competitors. For a period of three years, the corporation is prohibited from imposing restrictions on the usage of payment mechanisms that are integrated into the application.

In addition, it is important to keep in mind that Google does not possess the right to impose restrictions on the utilization of ways to make payments online.

Additionally, the verdict makes it unlawful for Google to give money to manufacturers of smartphones in order to preinstall its app store. Smartphone manufacturers are prohibited from doing so.

Furthermore, it prevents Google from the possibility of sharing the revenue that is generated by the Play store with other companies that are in the industry of delivering mobile applications.

In addition to this, the court has mandated the establishment of a technical committee that will be made up of three different people chosen at random.

The committee will be responsible for monitoring the implementation of the reforms and finding solutions to any disagreements that may occur as a consequence of the implementation of the reforms while they are being implemented. This task will fall under the committee’s purview so that it may fulfill its duties.

However, certain components were allowed to be put into action until July 1st, despite the fact that the judge’s statement suggested that the ruling would take effect on November 1st. The statement was the basis for the ruling, which ultimately became effective.

Particularly, I wanted to know what Google’s reaction would be.

There is a fact that Google does not adhere to this directive, which has been brought to their attention. This document argued that the alterations that the judge had ordered to be made would “cause a range of unintended consequences that will harm American consumers, developers, and device makers.”

The judge had ordered the modifications to be implemented. The alterations were to be carried out as indicated by the judge’s ruling. The judge made it clear that he expected these revisions to be carried out in accordance with his guidance.

The company’s regulatory affairs vice president, Lee-Anne Mulholland, provided the following statement: “We look forward to continuing to make our case on appeal, and we will continue to advocate for what is best for developers, device manufacturers, and the billions of Android users around the world.”

On average, over seventy percent of the total market for smartphones and other mobile devices is comprised of mobile devices that are powered by the Android operating system. Both smartphones and other small mobile devices are included in this category.

In the event that the Play app store continues to be shown on the home page and that other Google applications are pre-installed prior to the installation of the Android application, smartphone manufacturers are entitled to install the Android application at no cost at their discretion.

Additionally, the Android application can be installed on devices that are manufactured for smartphones.

SOURCE: DWN

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WhatsApp Now Features a “Mention” Tool for Status Updates and Stories.

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WhatsApp

(VOR News) – Those who use WhatsApp now have the ability to mention other people in their stories or status updates as a consequence of a feature that was only recently enabled on the platform.

Previous to this point, this capability was not available. It wasn’t until quite recently that this capability became available to the public.

According to the information that was provided by the company, users now have the opportunity to tag close friends in their stories, and the person who is mentioned will have the option to go back and re-share an earlier version of that story. This information was provided by the company. The corporation was kind enough to reveal this information to us.

Because of a new feature that has been added to the WhatsApp app, users now have the opportunity to like individual stories and status updates.

This capability was previously unavailable to WhatsApp users.

A significant amount of progress has been made in this context. Alternative readers now have the chance to “like” a work, which is comparable to liking a post on Facebook. This feature was introduced in recent years. When compared to the past, this is a tremendous shift.

At one point in time, viewers were only permitted to observe the total number of views that a particular story had gotten. These restrictions were eliminated in later versions of the software.

Additionally, it is essential that the likes and reactions to a story be kept anonymous during the entire process. One of the factors that contributes to the general mystery that surrounds this characteristic is the fact that this is one of the elements.

The person who brought it to the attention of others is the only person who will be able to judge who enjoyed it and who did not care about it. These individuals will be able to make this determination.

A notification will be issued to the individual who was referenced earlier in the sentence and who was named in the story or status update that was discussed. A notification of this nature will be sent to the individual via WhatsApp.

This message will be sent to the user in question whenever that person makes a reference to another person while they are in the process of elaborating on a narrative or updating their status. You will receive a notification alerting you that you have been tagged in the narrative.

This notification will be delivered to the person who receives this message. In addition, students will be provided with the opportunity to re-share the tale for themselves.

It is important to note that if the names of individuals who have been referenced in a narrative or a status update are included in any of these, then the names of those individuals will not be accessible to any third party through any of these. In light of the fact that the identities of those individuals will be concealed from public disclosure, this is the condition that will be required.

While WhatsApp recently made the announcement that it will be incorporating this functionality, it is highly likely that not all users will have access to it at the same time.

This is despite the fact that WhatsApp recently made this announcement.

Despite the fact that WhatsApp has only recently made a public announcement that it will move forward with the deployment, this is the situation that has presented itself.

As soon as a short period of time has elapsed, access will be made available to each and every person on the entire world.

Additionally, WhatsApp has hinted that new functionalities might be introduced to the status and updates tab in the future months.

The purpose of these capabilities is to provide users with assistance in maintaining healthy connections with the individuals who play a vital role in their living experiences. This is done in order to give users with support in maintaining close relationships with the folks who are the subject of the inquiry.

It is with the purpose of supporting users in successfully keeping close ties with the individuals in question that this step is taken.

SOURCE: DN

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Over The Planned “Link Tax” Bill, Google Threatens to Remove NZ News Links.

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Google

(VOR News) – Google has sent a strong message to the New Zealand government, threatening to stop boosting local news content should the Fair Digital News Bargaining Bill become law.

The law, put up by the Labour government and backed by the coalition in power at the moment, mandates that digital companies such as Google pay back news organizations for links to their material.

News publishers, on the other hand, charge the tech giant with “corporate bullying.”

Google says this measure may have unanticipated effects.

Google New Zealand’s country director, Caroline Rainsford, voiced her worries that the law, which is being referred to as a “link tax,” is not doing enough to support the media industry in New Zealand right now.

She underlined that Google would have to make major adjustments if the previously mentioned law were to pass, including cutting off links to news articles from its Search, News, and Discover platforms and cutting off financial ties with regional publications.

According to Rainsford, similar legislation has been proposed and approved in other nations including Australia and Canada, but it has not been proven to be effective there and breaches the principles of the open web.

She drew attention to the fact that smaller media outlets will be most negatively impacted, which will limit their capacity to reach prospective audiences.

Google says its alternative options will protect smaller, local media from negative effects.

Conversely, it conveys apprehension regarding the possible fiscal obligations and vagueness of the legislation, which it feels generates an intolerable level of ambiguity for enterprises functioning within New Zealand.

The New Zealand News Publishers Association (NPA) has reacted to Google’s warnings by alleging that the internet behemoth is using coercive tactics.

They specifically contend that the need for regulation stems from the market distortion that Google and other tech giants have created, which has fueled their expansion into some of the most significant corporations in global history.

The legislation aims to create a more equal framework that media businesses can use to negotiate commercial relationships with technological platforms that profit from their content.

New Zealand Media Editors CEO Michael Boggs stated that he was in favor of the bill, citing the fact that Google now makes a substantial profit from material created by regional publications.

He also emphasized that the use of artificial intelligence by Google—which frequently makes references to news articles without giving credit to the original sources—highlights the significance of enacting legislation.

Paul Goldsmith, the Minister of Media and Communications, has stated that the government is now evaluating various viewpoints and is still in the consultation phase.

He stated that the government and Google have been having continuous talks and will keep up these ongoing discussions.

However, not all political parties accept the validity of the Act.

The ACT Party’s leader, David Seymour, has voiced his displeasure of the proposal, saying that Google is a game the government is “playing chicken” with. He threatened the smaller media companies, saying that they would suffer from worse search engine rankings if the internet giant followed through on its promises.

Seymour contended that it is not the government’s responsibility to shield companies from shifts in the market brought about by consumer preferences.

The things that have happened in other nations are similar to what has happened in New Zealand.

Google has agreements with a number of Australian media firms that are in compliance with its News Media Bargaining Code. These agreements contain provisions that permit an annual cancellation of these agreements.

Due to the government’s decision to exempt Google from the Online News Act, the company has committed to supporting news dissemination by contributing annually to the Canadian journalistic community.

The New Zealand measure is consistent with global approaches aimed at regulating the relationships that exist between technology corporations and media organizations.

It’s hard to say what will happen with the Fair Digital News Bargaining Bill as the discussion goes on. Google and the New Zealand media landscape are preparing for what might be a protracted legal battle.

SOURCE: TET

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