Sweden’s Ericsson on Wednesday said the U.S. Justice Department accused it of breaking terms of a 2019 deal with prosecutors by failing to properly disclose misconduct and compliance failures in Iraq. Ericsson, which has been at the center of a scandal over possible payments to Islamic State, said U.S. authorities determined it failed to make […]
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You can be forgiven for thinking that Web3 or Web 3.0 is just another trendy buzzword that lets tech companies sell you the same product slightly upgraded under a cool new façade. For one thing, there is no official definition for Web 3, just a collection of parameters that classifies its general qualities, functions, and […]
On Tuesday, Alphabet’s unit, Google, was hit with a $169 million fine by France’s data privacy watchdog, Commission Nationale de L’information et des Libertés (CNIL), for implementing restrictions for users to decline cookies – online trackers. Facebook’s parent company, Meta Inc, was also caught in the regulatory crossfire, as it was also fined $67.82 million […]
Facebook’s parent company, Meta, submitted an appeal to the UK competition watchdog ruling forcing the tech giant to sell the recently acquired company, Giphy, under the pretense that it removed a potential advertising rival. In December 2020, the Big Tech giant appealed against the Competition and Markets Authority (CMA) for prohibiting the acquisition, after it […]
In its intraday trading on Monday, Apple became the first to reach a $3 trillion valuation when its shares hit $182.86 per share, followed by a dire drop below its milestone, as the company seeks out to fortify its capital reign on the market. The Big Tech giant welcomes the new year with hopes of […]
Elon Musk’s Tesla Inc revealed on Sunday its quarterly deliveries, marking a new reported record, exceeding Wall Street expectations as the globe battles through a semiconductor crisis. For Tesla, this signaled a six consecutive quarter following its report highlighting its high record deliveries. The electric vehicles (EV) company supplied in its fourth-quarter 308,600 cars, surpassing […]
Many of today’s most commonly used tools and technologies, such as mobile phones, the cloud, or the internet itself, all started off as either a science fiction concept, or something seemingly useless to the average person, dismissed as a trend. Those supposed trends are the Metaverse, cryptocurrency, NFTs, and metaverse crypto coins. An excellent way […]
A Moscow court on Friday slapped Google with a nearly $100 million fine and also fined Facebook’s parent company Meta $27 million over their failure to delete content banned by local law, as Russia seeks to step up pressure on technology giants. The Tagansky District Court ruled that Google repeatedly neglected to remove the banned […]
According to state-backed media reports, Alibaba Cloud Computing’s information-sharing partnership was put to an end on Wednesday by Chinese watchdogs, following allegations of neglecting to report and tackle a cyber threat. The 21st Century Business Herald reported that the subsidiary of the e-commerce giant failed to promptly report weaknesses in the famous, open course logging […]
The U.S. Federal Trade Commission will launch a thorough examination into Meta’s scheme to acquire the famous Virtual Reality (VR) fitness platform Supernatural, according to The Information. The investigation highlights only one aspect: antitrust watchdogs have officially initiated their scrutiny on Meta – formerly known as Facebook – for its heavy investments into its latest […]