On Tuesday, vacation rental firm Airbnb Inc said, from July 30 it will shut down all listings and experiences in mainland China. The development sees yet another Western internet platform joining a long list of companies which have opted out of… Read More ›
Giving some serious thought on building new social media platform: Elon Musk
In a tweet, Elon Musk said, he is giving some “serious thought” on building a new social media platform. This was in response to a Twitter user’s question on whether he would consider building a social media platform based on… Read More ›
Intel scores huge antitrust fine win in EU’s second highest court
In a significant development, Intel won a landmark $1.2 billion (1.06-billion euro) antitrust fine from the European Union with the Europe’s top court ruling in favour of Intel’s arguments. The ruling by the court is likely to cheer Alphabet’s Google as… Read More ›
Australia will introduce legislation to force tech giants to act on defamatory content: Australian Prime Minister Scott Morrison
In a statement Australian Prime Minister Scott Morrison said, Canberra will soon introduce legislation to make social media giants provide details of users who post defamatory comments. The development comes at a time when the Australian government is looking to… Read More ›
Changes in iPhone’s privacy setting signals Apple’s hidden ambition to enter internet advertising space
According to an analyst from RBC Capital Markets, privacy changes in Apple’s iPhones signals that the tech giant may expand into the internet advertising market dominated by Facebook and Google. An update in April on most iPhones allow users to decide… Read More ›
Zoom agrees to settle Zoombombing lawsuit for $85M
According to the terms of preliminary settlement filed before U.S. District Judge Lucy Koh in San Jose, California, Zoom Video Communications Inc has agreed to pay $85 million to settle a lawsuit which alleged claimed that it violated users’ privacy… Read More ›
FB extends donation ban on Republicans who voted against Biden’s electoral certification
In a statement social media giant Facebook Inc said, it will resume making donations to U.S. lawmakers but will not support 147 lawmakers who voted against U.S. President Joe Biden’s electoral certification in January. Pending a review of the January… Read More ›
Biden Administration weighs odd of creating White House antitrust coordinator
According to two sources familiar with the internal deliberations, U.S. President-elect Joe Biden Administration is weighing the odds of creating a White House position focused “on competition policy and issues relating to antitrust”. One of the sources has cautioned that… Read More ›
Collapse of global tax treaties could impose $100 billion in costs: Organisation for Economic Co-operation and Development
On Monday, the Organisation for Economic Co-operation and Development said, the global economy could see a drop of more than 1% in output if international talks to rewrite cross-border tax treaties break down and trigger a trade war. On Friday,… Read More ›
Alex Schultz named as Facebook’s Chief Marketing Officer
In a statement Facebook Inc said, it has appointed Alex Schultz, a company veteran, as its new chief marketing officer. Schultz “runs product growth, analytics and internationalization” at Facebook Inc. A former eBay Inc employee, Schultz is set to replace… Read More ›