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...The stand-off is among the most heated clashes between tech giants and media groups in recent memory, as they battle for control over the future of entertainment....
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...The group reported post-tax income of $20.7bn for the quarter, up 50 per cent year on year....
...their personal data”, such as for advertising purposes....
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...The first major tech group flotation of 2024 will test the strength of the US IPO market after two lacklustre years....
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...Since taking over, Khosrowshahi has cut costs to boost margins, offloaded non-core businesses such as autonomous vehicles, and found revenues in new areas such as advertising....
...The main feature of the system is Meta’s dominance within it: it was the first company to get to massive scale and to nail how to sell advertising against user-generated content, so it has locked the market...
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