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...The EU has launched probes into Apple, Alphabet and Meta in the first use of a landmark new law designed to rein in Big Tech’s market power....
...Could this be the day Big Tech finally met its match? The EU this morning announced investigations into Apple, Alphabet and Meta in the first applications of its landmark Digital Markets Act....
...In the midst of its landmark lawsuit against Apple, the antitrust enforcer noted disapprovingly of the company’s $77bn buyback scheme in 2023: not because it was a lazy deployment of capital but as an indicator...
...The company, which makes the popular game Fortnite, is now valued at more than $30bn. China’s Tencent owns a roughly 40 per cent stake in the company....
...The case comes at the same time that Google is defending itself in a landmark antitrust case from the Department of Justice in a Washington DC court, bringing another potentially perilous legal test of some...
...“It’s a very loud wake-up call for traditional media companies,” said the chief executive of a longtime bidder for sports rights....
...On Tuesday, Reuters’ Milana Vinn reached out to a bagholder: Aliya Capital Partners LLC, one of the biggest investors that joined Elon Musk’s $44-billion acquisition of Twitter Inc, said on Tuesday it expects...
...Members of Congress have proposed a range of legislation to do so, including measures to limit when large technology companies can buy smaller rivals and to stop them acting as both buyers and sellers in...
...TS: My understanding is that, on Oculus [Meta’s virtual reality technology] platforms currently, Oculus runs a store and they charge the fee of 30 per cent but they don’t force all developers to use their...
...ARK has in place a poor succession plan for the 66-year-old Wood, who is essential as the firm’s majority owner and lone portfolio manager....
...In April, a landmark UN report on climate change said it would be essential to remove carbon from the atmosphere to limit warming to 1.5C above pre-industrial levels....
...The move comes days after the EU regulators suffered a major blow in Luxembourg, losing a landmark case that would have forced Apple pay back €14.3bn in taxes to Ireland....
...The company acquired ecommerce platform Shopmatic last week in a $200mn deal that combines MatchMove’s banking-as-a-service platform with a small business ecommerce firm that bills itself as the Shopify...
...“That’s a policy choice . . . that will be addressed at a point in time,” he told MPs. But just switching to the US technology companies’ version may not be straightforward....
...and Trane Technologies....
...The law was passed as Apple awaited a ruling in a landmark lawsuit against Epic Games, the maker of hit title Fortnite....
...Inspired by the example, a group of AI experts repeated the exercise 42 years later and came up with an impressive set of guidelines for the beneficial use of the technology....
...House members signing on to support the five bills, however, include both Democrats and Republicans, a sign of the anger felt in both parties towards global technology companies....
...Now Tsargrad is poised to strike back after a landmark court ruling that could put Google’s entire Russian business in jeopardy as Moscow steps up attempts to force western technology companies to comply...
...When it came to visualising this achievement, technology played a role too....
...The US Supreme Court has handed Google victory in a landmark case for the technology industry, ruling that it did not break the law when it copied software interfaces owned by Oracle for use in its Android...
...Following the landmark UK Supreme Court ruling in February, in which the court ruled that drivers should fall under the country’s “worker” designation, Uber recognised a $600m accrual for costs it expects...
...The company has had a tough year reporting widening losses and raising money at a lower valuation than before....
...It is also one of the biggest lenders to companies and governments around the world. And its technology platform Aladdin provides essential wiring for swaths of the global investment industry....
...The move follows last month’s landmark ruling by the UK’s highest court, which backed a group of 35 Uber drivers who first challenged their self-employed status in 2016, arguing the ride-share giant was...
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