Results for: Microsoft

Microsoft, a tech giant valued at $3 trillion, has faced criticism from former White House cyber policy director Andrew Grotto over serious security lapses. Grotto blames Microsoft for the 2019 SolarWinds hack and recent breaches of Microsoft Exchange Online systems and its own systems. He also highlights Microsoft’s practice of selling network logging services as an add-on instead of enabling them as standard, as well as its insertion of ads into the Windows 11 Start menu. Grotto warns that these security lapses pose a threat to national security and businesses of all sizes. Companies should double-check their cybersecurity measures, keep software updated, and train staff on avoiding hacks.

As the US government pushes for Chinese owner ByteDance to divest TikTok’s US operations, analysts identify Microsoft and Oracle as likely buyers. The updated House bill provides ByteDance with a one-year divestment period. Wedbush analysts suggest that private equity firms and consortiums, including those backed by former Treasury Secretary Steven Mnuchin, may also express interest in acquiring the asset. However, Wedbush emphasizes the uncertainty surrounding the potential sale due to the absence of TikTok’s algorithms and possible legal challenges from ByteDance.

Stock markets are showing some positivity with futures rising on Monday as investors prepare for a heavy week of earnings reports from tech giants like Tesla, Microsoft, Alphabet, and Meta. However, the market is still facing uncertainty due to geopolitical tensions and a sell-off in the tech sector after Netflix’s disappointing earnings.