5 Internet and Digital Media Stocks That May Be Ready to Explode

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One of the biggest stories for the past few years has been the incredible market leadership of the mega-cap technology stocks. Last week some of the biggest players posted massive earnings, and as usual shares exploded higher. The conundrum for investors is this: with many of these top companies trading at bloated multiples, is there enough upside remaining from current levels?

One outstanding place to look now may be at the small and mid-cap leaders in the internet and digital media arena. While they too have performed nicely, they are offering growth investors with more risk tolerance some outstanding upside potential for the rest of 2020 and beyond.



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The analysts at Truist Securities, which was formed by the merger of SunTrust Robinson Humphrey and BB&T Capital Markets, are out with an update on the arena and the firm’s top stock picks there. We selected

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Turkey passes ‘draconian’ social media legislation

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Update: Turkey’s parliament adopted a new social media law early Wednesday that critics say will create a “chilling effect” on dissenting voices as the government tightened its grip on mainstream media.

The legislation will give the government more control over foreign social media companies operating in the country.

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Under the measures, social media companies including Facebook and Twitter would be required to appoint local representatives to respond to content removal and data requests from Turkish officials. The Turkish government would also have more power to block sites or shut them down entirely if companies don’t comply with government requests.

Related: Expulsions, pushbacks and extraditions: Turkey’s war on dissent extends to Europe

Turkish officials say the measures are necessary to stop illegal activity online. International human rights organizations have widely condemned the legislation as “draconian.”

“If passed, these amendments would significantly increase the government’s powers to censor online content and

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70% users will access internet in their local languages by Dec 2020: WATConsult report

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WATConsult, the globally awarded hybrid digital agency from the house of Dentsu Aegis Network (DAN) India, under its market research division –Recogn, has unveiled its latest report on ‘Digital, Diverse & Multilingual India’. The report maps digital content consumption patterns of Indian users across local and regional languages. It also shares an in-depth analysis of the users’ preferences inside the Indian demography. 

Over the past few years, internet usage behaviour has changed tremendously with more users accessing the internet in their respective languages. Also, whilst most Indians are well-versed in at least two languages, it is observed that they are more comfortable accessing information in their local dialects. Consequently, a variety of digital solutions along with mobile and internet applications have recently been introduced in several local languages to cater to such consumer demands. 

This report, therefore, brings afore the digital content consumption patterns of these users across categories such

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BKC Policy Practice: Digital Pandemic Response provides practical guidance, expert opinion for decision makers

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Public and private policymakers are facing difficult questions about using digital tools and data for mitigating the global COVID-19 pandemic, and they are collaborating with the new BKC Policy Practice: Digital Pandemic Response program at the Berkman Klein Center for Internet & Society to work through them. 

The Digital Pandemic Response team works with decision makers as they navigate this uncharted territory. Recently, for instance, members proposed steps governors should take to improve the current testing delays in the U.S. 

“Dealing with the pandemic is not just a medical issue, or a public health issue, or a technological issue. It’s a leadership issue,” said Jonathan Zittrain,  BKC co-founder and Faculty Director. “Many state and local government officials have been working diligently not only to respond locally, but to coordinate nationally. There are many gaps to fill and new institutional relationships to forge for that to happen.” 

Digital Pandemic Response is

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Turkey to restrict social media

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Turkish lawmakers passed legislation Wednesday that would give the government sweeping new powers to regulate social media content.

The bill orders social media platforms with over 1 million daily users — such as Facebook, Twitter and YouTube — to open offices in Turkey and imposes stiff penalties if the international companies refuse, including slowing the bandwidth of the sites and making them largely inaccessible.

These offices would be responsible for responding to the demands of the government and individuals to block or remove content hosted on their platforms that is deemed offensive. They would have 48 hours to comply and could be fined more than $700,000 if they fail to respond.

The new law, which is expected to go into effect Oct. 1, also requires the social media companies to store user data inside Turkey, raising privacy concerns.

President Recep Tayyip Erdogan and his governing AKP party, having already taken

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UN experts warn of closing digital space amid COVID-19 pandemic – World

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GENEVA (30 July 2020) – UN human rights experts today warned of increased patterns of closing of digital spaces amid the COVID-19 pandemic.

UN Special Rapporteurs* attending the annual RightsCon conference on human rights in the digital age, the first fully online, stressed that “COVID-19 has made us even more reliant on digital technologies and the space they create for civic engagement. With the closing of civic space and restrictions on offline media, access to universal, open, affordable, secure, and stable Internet is vital to save lives, to prevent abuses, to continue to promote and protect human rights and urgently increase access to information”.

“Digital technologies that construct and surround the space in which we conduct our lives during these unprecedented times must not be used by governments or companies to restrict fundamental freedoms, reduce civic space, and target civil society actors, including human rights defenders,” they said.

The independent

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Facebook’s New App E.gg Is Nostalgic for the Old Web

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In that context, E.gg is fun to look at, but it also scans as a rhetorical exercise to prove a point. When I reached out to Facebook to hear more about why E.gg was created, I was directed to a recent report—commissioned by Facebook—showing that “about one-third of [the] top 100 most downloaded apps are new entrants each year.” In other words, that there is no monopoly on human attention, and there is plenty of room for creative upstarts. Ime Archibong, the head of the New Product Experimentation team, reiterated this point in an emailed statement, saying, “Last year, the average person had 93 apps installed on their phone and used 41 per month … All of this choice and competition fuels innovation.”

At the hearing, Representative Joe Neguse of Colorado hounded Zuckerberg over the consolidation of the social-media market, listing Myspace, Friendster, Orkut,

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New world disorder: digital attacks on freedom of assembly

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The rising tide of protests in 2020 is reigniting discussions on peaceful assembly and association worldwide. With social distancing measures in place, the COVID-19 pandemic has amplified challenges to the exercise of these rights in the digital age. Access Now is proud to launch Defending peaceful assembly and association in the digital age: takedowns, shutdowns, and surveillance — our pioneering report on the impacts of technology on the rights to freedom of peaceful assembly and of association worldwide. See our report snapshot for a summary.

“It is in an unprecedented  global context the rise of internet shutdowns worldwide, the prevalence of unlawful surveillance, increases in privatization, and the impact of the COVID-19 pandemic that we chose to examine the state of the rights to freedom of peaceful assembly and of association from a digital rights perspective,” said Laura O’Brien, U.N. Advocacy Officer at Access Now. “Flourishing facial recognition

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Malaysia opposition condemns applying old video law to social media

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KUALA LUMPUR (Reuters) – A decades-old Malaysian law requiring video or film productions to be licensed before being broadcast extends to social media, a minister said on Thursday, prompting an outcry from the opposition over its implications for freedom of expression.

FILE PHOTO: Malaysian Foreign Minister Saifuddin Abdullah speaks during an interview with Reuters in Kuala Lumpur, Malaysia April 23, 2019. REUTERS/Joseph Sipalan/File Photo

Communications and Multimedia Minister Saifuddin Abdullah told parliament that licences were needed “regardless of whether they are mainstream media agencies or personal media that broadcast films on social media or traditional channels”.

Opposition lawmakers accused the government of trying to cast a wide regulatory net on social media content using a 1981 National Film Development Corporation (FINAS) Act, which predates the internet.

Opposition leader Anwar Ibrahim said the minister’s interpretation was a “worrying development”, saying: “This is unreasonable and backwards. At the same time, the government

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U.S. appeals court blocks Trump appointee Michael Pack’s changes to Open Technology Fund, a U.S. internet freedom group

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Pack had fired the technology group’s top officials and bipartisan board since being confirmed June 4 as chief executive of the U.S. Agency for Global Media, which oversees Voice of America and four U.S. government-funded news outlets: the Open Technology Fund, Radio Free Europe, Radio Free Asia and Middle East Broadcasting Networks.

Seven U.S. senators, including Marco Rubio (R-Fla.) and Lindsey O. Graham (R-S.C.), wrote Pack expressing “deep concern” about the staff cuts he has ordered. Republican House members have also aired misgivings, and four existing board members, including two former U.S. ambassadors, filed suit to halt the changes.

A lower court said earlier in the case that international broadcasting sponsored by the United States for nearly 80 years has served as a “trusted and authoritative global news source” and model of journalistic excellence that has helped to undermine and topple some of history’s most oppressive regimes.

“The defendant, Michael

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