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Daily Crunch: Social media confronts election misinformation

You may have heard that the United States had a presidential election yesterday, with plenty of implications for the tech world, particularly with social media as one of the battlegrounds in the fight

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Facebook and Instagram notifications warn U.S. users there’s no winner yet in Presidential Election

Facebook and Instagram are running notifications in their respective apps informing U.S. users that the winner of the 2020 U.S. Presidential Election has not yet been determined. In large pop-ups ap

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As tech stocks rally, bring on the IPOs

During yesterday’s tense voting and this morning, shares of American-listed technology companies are shooting higher.The tech-heavy Nasdaq Composite is up around 3.35% this morning, more than do

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Cannabis legalization measures set to pass in 5 states

Cannabis legalization was on five state ballots yesterday and ran the table. All the measures passed, making cannabis legal, in some form, in five new states. Voters in Oregon, where cannabis is alrea

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Apple, Microsoft and other tech stocks roar as the Presidential election narrows to several states

On the back of sizable gains posted yesterday, tech stocks are once again rising sharply in pre-market trading today. Futures concerning the tech-heavy Nasdaq Composite index are indicating a 3.4% gai

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Pulled Ant Group IPO costs Alibaba nearly $60B in market cap

News today that Ant Group’s IPO is suddenly on hold in both Shanghai and Hong Kong caused a selloff of Alibaba shares. This afternoon, equity in sister-company Alibaba is off around 8% in the wa

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Quebec attacker 'not associated with a terrorist group': Police

The sword-wielding attacker who killed two people and wounded five others in Quebec City was not "associated with a terrorist group," Canadian police said Sunday."Yesterday evening we were plunged in

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New arrest after France church attack, security tightened

Mourners lit candles and prayed silently Friday to honor the three people killed in a French church by a young Tunisian extremist, as France heightened security at pote

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Is the Great 2020 Tech Rally slowing?

Yesterday’s earnings deluge made plain that tech shares are not rocketing higher as 2020 comes to a close. Indeed, in pre-market trading this morning, Microsoft, Apple, Facebook and Amazon are a

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China's economy in next 5 years – consumption & tech to drive growth

China's 14th Five-Year Plan (FYP) (2021-2025) for National Economic and Social Development and Long-Range Objectives through the Year 2035 were approved at the fifth plenary session of the 19th Centr

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AOL founder Steve Case, involved early in Section 230, says it’s time to change it

AOL founder Steve Case was there in Dulles, Virginia, just outside of Washington, D.C., when in 1996 the Communications Decency Act was passed as part of a major overhaul of U.S. telecommunications

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Judge allows defense to argue U.S. misled Canada in Meng extradition

Huawei Technologies Chief Financial Officer Meng Wanzhou leaves her home to attend a court hearing in Vancouver, British Columbia, October 26, 2020. /Reuters A Canadian judge ruled yesterday t

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Spotify hits 320 million monthly active users

In its latest quarterly financial report, Spotify announced that it had crossed 320 million active monthly users. That marks a 29% growth for the quarter, coming on the heels of what seems to be a ra

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Shopify stock is up in pre-market trading as earnings blow past estimates

Shopify stock jumped nearly 3% in pre-market trading today after announcing earnings that handily beat the estimates set by Wall Street.The Ottawa-based provider of e-commerce services for retailers

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Gwyneth Paltrow, Rebel Wilson, Darren Criss, and Baron Davis are backing an LA-based weed soda company

Celebrity investors including Gwyneth Paltrow, Rebel Wilson, Ruby Rose, Darren Criss, Baron Davis, Tove Lo, and Casey Neistat have come together to back the Los Angeles-based thc-infused drink compa

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Trump hints at stopping “powerful” big tech in latest ‘get out the vote’ tweet

If there was any doubt that yesterday’s flogging of big tech CEOs by Senate republicans was anything other than an electioneering stunt, president Trump has thumped the point home by tweeting a

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It's time for Europe to stop blaming China for COVID-19 and learn

On the night of October 27, French President Emmanuel Macron was forced to concede that with COVID-19 out of control in his country, he is being forced to contemplate a