These tech companies have breached the most data rules this year December 3, 2023 Big tech companies have breached their fair share of data rules this year and regulators have dished out penalties. Here are the largest ones.
CMA: Amazon and Meta agree to retail competition improvements November 3, 2023 As part of the new commitments, Amazon has agreed to give independent sellers a fair chance of their offers being featured in the site’s “Buy Box”, where most sales on the platform take place.
Meta set for legal battle with UK firm of 10 people November 2, 2023 Facebook owner Meta is facing a legal challenge from a British software company called Threads, which employs just 10 people and says the tech giant has stolen their name.
Facebook-parent Meta beats revenue estimates on digital ad strength October 26, 2023 Meta beat expectations for third-quarter profit and revenue on Wednesday, helped a recovery in digital advertising spending.
Microsoft, Google, Meta and Amazon hope to lift Wall Street spirits in this week’s results October 22, 2023 Big Tech earnings season is back, with a keen focus on cloud business, AI, and capex changes amid a challenging year on Wall Street.
Meta and Tiktok told to detail curbs on Israel-Hamas disinformation October 19, 2023 The European Union (EU) has ratcheted up its scrutiny of big tech companies – with demands for Meta and TikTok to detail their efforts to curb illegal content and disinformation during the Israel-Hamas conflict.
Meta: Facebook and Instagram owner plans to charge European users October 3, 2023 Meta, the parent company of Instagram and Facebook, is reportedly planning to charge European users up to $17 (£14) per month for an ad-free subscription tier. The Silicon Valley powerhouse could offer ad-free Instagram and Facebook for paying subscribers while users wishing to hang onto free access must agree to targeted ads based on their [...]
Facebook owner Meta shells out £149m to break London Regent’s Place lease September 26, 2023 Facebook owner Meta Platforms surrendered one of its two buildings at Regent’s Place, paying £149m at the end of September to break the lease. Property developer British Land revealed that the end of the lease will result in post interest savings of 0.6 pence for the half year. The £149m fee was first reported by [...]
It took Big Tech firms just six days to pay off $2bn in fines, new data shows August 30, 2023 Big Tech firms paid over $2bn (£1.6bn) in fines this year. But new data shows it took them just over six days to pay them off.
Meta to launch AI-powered chatbots in a bid to cling on to users August 1, 2023 Meta, the parent company of Facebook, is reportedly gearing up to deploy a squadron of artificial intelligence-powered chatbots, each with their own distinctive personalities, in an effort to cling on to its users who have been dwindling lately. Meta has been crafting prototypes for these chatbots, aptly named “personas”, the Financial Times reported today, citing [...]