Facebook’s Stock Is On Sale, But the Retail Crowd Isn’t Buying
At SoftBank, a reported battle over pay with COO Marcelo Claure adds to other bad news
Not for the first time, SoftBank is having a terrible, horrible, no good, very bad week. The worst of these, seemingly, is the lawsuit filed yesterday by the Federal Trade Commission to block chipmaker Nvidia’s acquisition of Arm, the British company that licenses chip technology, out of stated concern that the deal would give Nvidia too much control over computing technology. “Tomorrow’s technologies depend on preserving today’s competitive, cutting-edge chip markets,” Holly Vedova, the director of the agency’s competition bureau, said in a related statement.