Australia to raise possibility of more legislation on tech giants with new inquiry
Australia’s Prime Minister Scott Morrison will on Wednesday announce a parliamentary inquiry into the behaviour of the world’s largest technology companies and the need for new legislation.
Google proposes new commitments on browser cookies – UK competition regulator
Britain’s competition regulator said on Friday it had secured improved commitments from Alphabet’s (GOOGL.O) Google on changes to user-tracking cookies in its browser, including the U.S. tech giant extending the time any pledges would last to six years.
Google signs 5-year deal to pay for news from AFP
Alphabet Inc’s Google will begin paying Agence France-Presse for its news content as part of broad five-year partnership announced Wednesday that marks one of the biggest licensing deals struck by a tech giant under a new French law.
‘Big Short’ Burry exits bearish bets on Tesla, Google
Fund manager Michael Burry of “The Big Short” fame exited bearish bets on Tesla Inc (TSLA.O), Alphabet Inc’s (GOOGL.O) Google, and fund manager Cathie Wood’s ARK Innovation fund (ARKK.P) last quarter, according to SEC filings released on Monday.
The Supreme Court has dismissed Google’s case over iPhone data
Google has won two major legal battles over allegations that it illegally acquired personal data from millions of iPhone users. Between 2011 and 2012, Richard Lloyd, an American guitarist, singer, and songwriter, sued Google for collecting web browsing data from iPhone users. Lord Leggatt stated that he rejects these grounds and believes the claim will […]
Who’s building the metaverse?
Facebook (FB.O) changed its name last week to Meta Platforms Inc to signal its focus on the metaverse, which it thinks will be the successor to the mobile internet.
Marketmind: Trillion-dollar Tesla
Apple, Amazon, Microsoft, Alphabet… and Tesla. We now have a trillion-dollar EV firm whose 10% surge on Monday lifted Wall Street to new record highs — electric vehicles going mainstream is perhaps encouraging news ahead of the COP26 environment summit.
The Facebook outage is dry run for worse web crashes
NEW YORK, Oct 4 (Reuters Breakingviews) – Mark Zuckerberg can’t catch a break lately. The Facebook (FB.O) boss wants to turn the two-dimensional internet into a metaverse where “instead of just viewing content, you are in it,” according to an interview with the Verge. But hot on the heels of an exposé of some uncomfortable internal documents provided by […]
S.Korean antitrust agency fines Google $177 mln for abusing market dominance
SEOUL, Sept 14 (Reuters) – South Korea’s antitrust regulator on Tuesday fined Alphabet Inc’s (GOOGL.O) Google 207 billion won ($176.64 million), saying the U.S. technology giant abused its dominant market position to restrict competition in the mobile operating system (OS) market. The Korea Fair Trade Commission (KFTC) investigated Google for allegedly preventing local smartphone makers […]
The South Korea Parliament has passed a bill to curb Google and Apple’s Dominance!
The South Korean parliament approved a bill on Tuesday that prohibits major app store operators such as Google and Apple from forcing software developers to use their payment systems, effectively prohibiting commissions on in-app purchases. It’s the first time a major economy has taken action against companies like Apple Inc (AAPL.O) and Alphabet Inc’s (GOOGL.O) […]
