TOP 5 STOCKS TO WATCH OUT TODAY 14 JANUARY 2021
1.Airbnb:- Airbnb has been canceling home-sharing reservations in the Washington D.C. area for the week of President-elect Joe Biden’s inauguration after law enforcement warned of a threat from armed militias, the rental platform said on Wednesday.
Airbnb said it made the decision after consulting local and federal officials and after a number of hosts worried about potential attacks sought to cancel bookings.
“We are aware of reports emerging yesterday afternoon regarding armed militias and known hate groups that are attempting to travel and disrupt the Inauguration,” Airbnb said.
The company did not comment on specific instances and said it did not see evidence on its platform of guests planning protests and attacks.
Critics of last week’s attack on the U.S. Capitol have asked hotels to cancel bookings during inauguration week to prevent further attacks, but major hotel chains Hilton Worldwide Holdings Inc and Marriott International said they planned to uphold existing reservations.
2. Google :Australia urged Google on Thursday to “focus on paying for original content, not blocking it” after the internet giant said it was running tests that limit access to domestic news content, deepening a rift between the tech giant and the government.
After the Alphabet Inc owned search engine provider said it was conducting experiments to determine the value of its service to Australian news outlets, Treasurer Josh Frydenberg accused it of “blocking” users when it should be paying for the content.
“The digital giants should focus on paying for original content, not blocking it,” Frydenberg told reporters, referring to Google and social media behemoth Facebook Inc .
The companies should “pay traditional news media businesses a fair sum of money for those news media businesses generating original content”, he added.
The spat shows the strong resistance by the so-called Big Tech firms to laws which will force them to negotiate with Australian news outlets over payment for the content which appears on their platforms.
3.Amazon:- Parler, a social media outlet favored by some supporters of U.S. President Donald Trump, urged a court Wednesday to order Amazon.com Inc to put it back online.
Amazon had shut down Parler following the Jan. 6 riot by Trump supporters at the Capitol aimed at preventing Democrat Joe Biden from becoming president. Parler filed a lawsuit against Amazon on Jan. 11, accusing it of making an illegal decision to shut it down to benefit Twitter Inc .In its filing, Parler argued that Amazon Web Services breached its contract by cutting it off. Amazon earlier had said it had warned Parler about ugly and threatening language on its site, citing posts with vile language used to describe former first lady Michelle Obama, as well as postings such as “the only good democrat is a dead one. Kill’em all.”
4. Paypal :-PayPal Holding Inc has become the first foreign operator with 100% control of a payment platform in China, according to Chinese government data, as the U.S. fintech giant eyes a bigger foothold in a booming market for online payments.
PayPal acquired the 30% stake it doesn’t already own in China’s GoPay, formally known as Guofubao Information Technology Co., on Dec. 31, 2020, according to shareholder data from the National Enterprise Credit Information Publicity System.
Financial details weren’t disclosed in the data. The stake purchase came a year after PayPal bought a 70% stake in GoPay for an undisclosed amount，then becoming the first foreign company licensed to provide online payment services in China.
5.Uber:-Uber Technologies Inc on Wednesday appealed a $59 million fine by a California regulator in a dispute over whether the company should share detailed information on sexual assault and harassment claims reported on its ride-hailing platform.
The California Public Utilities Commission (CPUC) fined Uber in December after the company refused to share the information, including full names and contact information, arguing that doing so would violate victims’ rights to privacy.
On Monday, an anti-sexual abuse group also appealed the decision and supported Uber’s “transparency and commitment to protecting survivors.”