It is the 19th of September 2019

News

Facebook Ditches Its "Fake News Flag" After People Shared Flagged Articles Even More

Roughly one year ago Facebook promised to eradicate "fake news" from its platform by "flagging" articles that were deemed inaccurate by their hand-selected "fact checkers" (A.K.A. "liberal propagandists")...we wrote all about it in a post entitled "Facebook Launches Campaign To Combat 'Fake News'". 

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Is Peter Thiel Trying To Break Up Google? This $300,000 Political Contribution Seems To Imply He Is...

Peter Thiel, the billionaire venture capitalist who backed President Trump (just before giving his presidency a "50% chance of ending in disaster") and infamously helped Hulk Hogan bring down Gawker.com, has allegedly set his sights on a new target: Google.  According to The Mercury News, suspicions about Thiel's next pet project were raised after he recently contributed $300,000 to Missouri Attorney General Josh Hawley just before he launched an antitrust lawsuit against the alleged search monopoly.

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Amazon Soars Above $1,000 After Smashing Expectations

Amazon has done it again, and following a lukewarm second quarter and with Goldman warning not to get too excited going into earnings, Amazon is back to its short-crushing ways, reporting both revenues and EPS which blew away expectations.  In Q3, Amazon reported EPS of 52 cents, unchanged from a year ago (due to fudging the company's tax rate) and beating consensus estimates of 4 cents, on net sales of $43.7 billion, also well above the $42.19 billion consensus estimate, entirely due to the contribution of AWS.  It was also above the high end of the company's own range, which topped out at $41.75 but did not include Whole Foods, which deal closed on August 28. That said, AMZN EPS expectations as recently as July were $1.09.

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