TSLA

Tesla, Inc.

736.58
USD
-3.29%
736.58
USD
-3.29%
546.98 1243.49
52 weeks
52 weeks

Mkt Cap 764.86B

Shares Out 1.00B

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More Big Tech Moves - REIT And Non-REIT News

The markets aren’t open this Monday in honor of Martin Luther King Jr. but we remain on the job regardless. Of the interesting stories out there to talk about – and I do think there are several – CNBC reports that “Investors Are Paying Millions for Virtual Land in the Metaverse.” It adds how: The most expensive spots are near where lots of users congregate – for instance, someone recently paid $450,000 to be Snoop Dogg’s neighbor in a virtual world called the Sandbox. And: Prices for plots have soared as much as 500% in the last few months ever since Facebook [FB] announced it was going all-in on virtual reality, even changing its corporate name to Meta Platforms. Speaking of Facebook… I mentioned its legal troubles in the U.K. last week, even while Google was bragging about its relationship over there. Here in the U.S., however, there’s a new lawsuit against the latter, alleging that it’s given Facebook an unfair advertising advantage. Attorneys for multiple states say that Google signed an under-the-radar deal with its fellow tech giant in 2018. One that violates antitrust laws. As it reads: The halcyon days of Google’s youth are a distant memory. Over [20] years ago, two college students founded a company that forever changed the way that people search the internet. Since then, Google has expanded its business far beyond search and dropped its famous “don’t be evil” motto. Coincidence? The lawsuit says not. More Non-REIT News Here’s a little more of the official filing, for what it’s worth: As internal Google documents reveal, Google sought to kill competition and has done so through an array of exclusionary tactics, including an unlawful agreement with Facebook… to manipulate advertising auctions. The Supreme Court has warned that there are such things as antitrust evils. This litigation will establish that Google is guilty of such…

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