The New Zealand government said it will introduce a law that will require big online digital companies such as Alphabet Inc's Google and Meta Platforms Inc to pay New Zealand media companies for the local news content that appears on their feeds. Minister of Broadcasting Willie Jackson said in a statement on Sunday that the legislation will be modelled on similar laws in Australia and Canada and he hoped it would act as an incentive for the digital platforms to reach deals with local news outlets.
FAANG stocks dominated the stock market for a decade, but this year the elite group of stocks has fallen flat. Meta Platforms, Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), Amazon, Netflix (NASDAQ: NFLX), and Apple have all fallen this year, and all but Apple have underperformed the Nasdaq.
Salesforce co-CEO Bret Taylor leaving his job a year after he got it. Whether the market is overreacting to Taylor's move and underreacting to a strong third-quarter report from Salesforce. Motley Fool contributors Jeff Santoro and Jamie Louko engage in a bull-vs.-bear debate over cloud infrastructure company DigitalOcean.