The District of Columbia has sued Amazon, accusing the online retail giant of anticompetitive practices in its treatment of sellers on its platform. The practices have raised prices for consumers and stifled innovation and choice in the online retail market, the DC attorney general alleges in an antitrust suit. The suit filed Tuesday in the […]
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Irish data watchdog has granted social media giant Facebook six weeks to respond to an investigation that looks to ban its transatlantic data transfers, as a court ruling allowed for the probe to continue. The inquiry was launched back in August 2020 by Ireland’s Data Protection Commissioner (DPC) labelling the social media giant’s data transfer […]
Republican Florida Gov. Ron DeSantis signed a bill on Monday that seeks to punish social media platforms that remove “conservative ideas” from their sites, though it is not clear if it would pass constitutional muster because it might violate the First Amendment. The new law will enable the state to fine large social media companies […]
Shock and surprise were the predominant emotions bustling through ByteDance employees when their softly spoken founder Zhang Yiming announced that he will be stepping down as CEO of what has been described to be the world’s biggest unicorn. Zhang – a 38-year-old billionaire estimated by Forbes to have a net worth of $35.6 billion – […]
China’s internet watchdog said Friday it had found Bytedance’s Douyin, Microsoft Bing, LinkedIn and 102 other apps were engaged in improper collection and use of data and ordered them to fix the problem. The Cyberspace Administration of China (CAC) said that the 105 apps violated laws by excessively collecting and illegally accessing users’ personal information, […]
Pressure is mounting on South Korean President Moon Jae-in to pardon Samsung heir Lee Jae-yong, who is back in prison after his conviction in a massive corruption scandal, even though business has rarely looked better at South Korea’s largest company. Lee is just the latest South Korean corporate boss to run his business from behind […]
Many of us were taught to share as kids. Now streaming services ranging from Netflix to Amazon to Disney+ want us to stop. That’s the new edict from the giants of streaming media, who are hoping to discourage the common practice of sharing account passwords without alienating subscribers who’ve grown accustomed to the hack. Password […]
Kuwait telecoms giant STC announced earlier last week the successful commercialization step of implementing 5G Stand Alone (5G SA). The milestone is considered to be the second and most disruptive development of the comprehensive 3GPP 5th generation compliant network. STC also successfully accomplished the widest scale of 5G deployment coverage on Sub-3GHz and 2.1GHz amongst […]
Microsoft is pledging to let business and public sector customers in the European Union keep cloud computing data inside the 27-nation bloc to avert concerns about U.S. government access to sensitive information. Microsoft “will go beyond our existing data storage commitments and enable you to process and store all your data in the EU,” said […]
Selling vaccines during a pandemic has boosted Pfizer’s bottom line and proven that a strategy it embarked upon over a decade ago is now paying off handsomely. The New York-based pharmaceutical giant reported Tuesday that it earned $4.9 billion in the first three months of the year and it dramatically raised its profit forecast for […]