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...and allowing small tech rivals to thrive....
...As our Big Read details, it is being closely watched around the world as a test of how the tech giants can be successfully regulated....
...Tech companies pushed back on Monday against suggestions of wrongdoing....
...This has been driven by a buoyant market for business tech and some large corporate customers....
...All tech products involve trade-offs, he says....
...The agreement is the latest in a series of voluntary commitments around AI that Big Tech companies have made in recent months....
...A total of 138 tech companies have laid off staff this year....
...Hovenkamp wrote the textbook on US antitrust, and recently published a timely paper on breaking up Big Tech....
...It’s not just tech, and not just the US The current rally in stocks is widely understood as driven by, or even consisting mainly in, a big upward move in Big Tech stocks....
...In Brussels, Europe has already moved ahead with a Digital Markets Act that rewrites antitrust doctrine for the tech era and is designed to force open the most powerful tech ecosystems....
...The grip of the so-called “Magnificent Seven” tech companies on US stock markets has loosened as investors focus on concrete results rather than solely on artificial intelligence’s potential....
...I wonder if the Apple case could be where the rubber meets the road on tech euphoria and financialisation....
...EU regulators, who are preparing to fine the tech giant €500mn in March over allegedly favouring its music streaming app against competitors such as Spotify, are also being lobbied to reject Apple’s proposals...
...Tech companies face a March 6 deadline to comply with the new Digital Markets Act....
...The S&P 500 closed at an all-time high on Friday after a blistering rally in tech stocks....
...He didn’t need the money after six years working in tech and the experience was not enjoyable. His last day delivering food was blazing hot....
...For years it was one of the few Big Tech companies to avoid major antitrust action by the US. Now it is under intense scrutiny from regulators in two of its key markets, the US and the EU....
...Apple’s changes come as big tech groups caught by the EU’s Digital Markets Act have been keen to show how they are complying with the rules....
...to legislation designed to rein in the power of Big Tech....
...Tech companies faced a March 7 deadline to comply with the legislation. The commission added that it was also evaluating whether Apple’s actions might have breached other EU laws....
...The S&P 500 has hit multiple record highs over the past month, while the tech-dominated Nasdaq Composite was within touching distance of its own record this week....
Tech giant’s shares lower even as earnings beat Wall Street expectations
...Regulator scrutiny is making tech M&A more onerous. Antitrust probes in the UK and EU have put a stop to Adobe’s $20bn deal to buy Figma. Amazon’s purchase of iRobot is under threat....
...Mastercard and Visa then split the fees received with the banks that issue the cards and the tech firms that facilitate the payments....
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