Tim Cook to take the stand in Apple’s Fortnite ‘monopoly’ battle May 21, 2021 Apple boss Tim Cook will take the stand today to defend his company against allegations of monopoly power as part of a high-profile legal battle with Fortnite maker Epic Games. The iPhone chief is expected to spend more than two hours fighting back against claims Apple abuses its market power through its App Store. Epic [...]
US judge orders Trump’s accountants to hand over tax records to Senate August 11, 2021 A US judge has ordered Donald Trump’s accountants to hand over some of the former president’s tax records to a House of Representatives committee. District judge Amit Mehta today ruled that Mazars must provide documents related to Trump’s hotel in Washington DC, saying the committee had proved it needed them to evaluate potential legislation and [...]
Gyms are back: Peloton slims down bike prices for second time in a year August 27, 2021 Fitness machine maker Peloton is set to trim down the price of its bikes, as people trade in DIY home gyms for the real deal. Bikes will be some 20 per cent less expensive from this week onwards, across all its markets in the US, UK, Canada, Australia and Germany at $1,495 each. The company’s [...]
Facebook advertising chief issued warning over inflated audience figures April 27, 2021 A top Facebook executive warned colleagues the company must “prepare for the worst” over claims it inflated figures on how many people its adverts could reach, court filings have revealed. Carolyn Everson, vice president of the social media giant’s global business group, wrote in an email in 2017 that the company would be “justifiably” criticised [...]
Tiktok to open doors to experts in bid to calm safety fears April 27, 2021 Tiktok will allow experts and policymakers to see how it moderates content on its platform in the tech firm’s latest effort to allay safety concerns. The Chinese-owned viral video app said it will open a European Transparency and Accountability Centre, allowing outsiders to see “first-hand” how it runs moderation and safety practices. The centre will [...]
Microsoft faces pressure from investors over sexual harassment record December 1, 2021 Microsoft investors are calling for greater transparency over sexual harassment claims following allegations against ex-chief Bill Gates.
Big spenders: Fortnite rakes in $5.1bn from gamer purchases October 26, 2021 Fortnite has been revealed as the most profitable mobile gaming app as its owners continue a bitter legal dispute with Apple. The world’s most popular online game raked in $5.1bn this year from some 300m users who spent an average of $17 each according to new research by KLOC digital solutions. Pokémon trailed in second [...]
EY hit with $1bn claim for one of the largest bankruptcies in Swiss history September 7, 2021 EY’s Swiss practice is facing investor claims for giving clean audits to opaque conglomerate Zeromax for years before it collapsed, according to the Financial Times who first reported the news. Zeromax, whose crash in 2010 made it the second-largest bankruptcy in Swiss history, made multimillion-dollar jewellery purchases and made irregular offshore payments – which the [...]
Chinese ride-hailing giant Didi sued by US shareholders July 8, 2021 China’s dominant ride-hailing app Didi is facing two lawsuits, filed in New York and Los Angeles. They come a week after Didi’s debut on the New York Stock Exchange. The two suits, filed on Tuesday, state that Didi failed to disclose ongoing talks it was having with Chinese authorities about its compliance with cybersecurity laws [...]
Purdue to settle for up to $12bn in opioid lawsuits August 27, 2019 Oxycontin-maker Purdue Pharma is set to cough up between $10bn (£8bn) and $12bn to settle more than 2,000 lawsuits over its role in America’s opioid crisis, according to reports. Last week, at least 10 state attorneys general met with lawyers for the Sackler family, which controls the firm, to discuss a deal, NBC reported, citing sources. [...]