The S&P 500 achieved record heights via the 37 percent rise in shares of the Big Five tech companies in the first seven months of 2020. Apple, Amazon, Alphabet, Microsoft and Facebook, the five largest publicly traded companies in the U.S., now account for 20 percent of the entire stock market’s total value. Meanwhile, according to Credit Suisse, all other stocks, fell a combined 6 percent. Apple’s valuation hit $2 trillion, the first U.S. company to do so, and only 21 weeks after its $1 trillion valuation. Continue reading Big Five Tech Companies Dominate the Rise in Stock Market

The ETC’s Philip Lelyveld was one of five subject matter experts invited to speak before the European Union’s “Preserving Democracy in the Digital Age” hearing at the European Political Strategy Centre in Brussels on February 22, 2018. The EU is working to understand and deal with the problem of ‘fake news’ and Russian interference in democratic processes in Europe. This one-day event is part of an ongoing multi-organization effort within the EU. Lelyveld was invited to present a ‘Hollywood’ perspective. Continue reading EU Hearing Explores Preserving Democracy in the Digital Age

Hold Security, an Internet security research firm in the U.S., discovered a Russian crime ring has stolen an unprecedented amount of Internet credentials, including 1.2 billion user names and passwords, and more than 500 million email addresses. The hackers targeted websites from multiple countries and a range of businesses, from Fortune 500 companies to small websites. The crime ring is currently using the information to send spam through social networks for a fee. Continue reading Russian Criminals Obtain Passwords and More in Massive Hack