An Indian court has put on hold a federal enforcement agency’s decision to seize $725 million from local bank accounts of China’s Xiaomi Corp for suspected violations of foreign exchange laws, two sources told Reuters on Friday. The Enforcement Directorate last week seized the bank assets of Xiaomi Technology India Private Limited, saying it had […]
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Russia warned on Wednesday it would begin imposing advertising bans on large foreign technology companies that do not have official representation in the country by March, as Moscow advances efforts to exert greater control over the internet. Russian legislation has obliged foreign social media giants with more than 500,000 daily users to open offices in […]
In its latest move to expand its banned list of Chinese applications, India has placed tech companies in a much more difficult position for operational oversight in South Africa. India’s Ministry of Electronics and Information Technology added 54 Chinese tech companies to its list of banned companies under security pretenses, according to the Economic Times on Monday. […]
Billionaire Leon Cooperman, hedge fund Lone Pine Capital, and mutual fund manager Polen Capital were among firms that greatly reduced their positions in Facebook-parent Meta Platforms Inc in the quarter that ended Dec. 31, potentially protecting them from some losses during the company’s record one-day plunge in Feb, according to securities filings released on Monday. […]
China’s cyberspace watchdog said a symposium it held with Chinese tech giants last month had given the industry a “clearer understanding” and more confidence in how to pursue development and opportunities as they adjust to a new regulatory landscape. The Cyberspace Administration of China said its official publication had carried out interviews with companies such […]
Shares in Facebook owner Meta fell 20 percent in U.S. premarket trade on Thursday after the social media giant issued a dismal forecast, blaming Apple’s privacy changes and increased competition. The shock drop, which comes before Amazon earnings later in the day, spilled over to Europe where technology led sectoral fallers with a decline of […]
Snap Inc is speeding up its global expansion in countries from Mexico to Japan through tie-ups with wireless carriers and highlighting its popular augmented reality features, the company told Reuters. The parent company of the Snapchat photo messaging app is leaning on its relative safety during a period when social media platforms such as Meta’s […]
Make no mistake, the Metaverse is already here. It has been here for a while. No, it doesn’t look like what movies would have you believe, and it doesn’t involve people wearing headsets or augmented reality (AR) glasses at the office – yet – but it is here. Every time you see someone doing a […]
Metaverse property is basically an NFT. We cover what NFTs are in greater detail here, but essentially, they are unique, blockchain verified lines of code that represent a person’s ownership of something in a given blockchain. Most commonly, the Ethereum blockchain. Behind the inflammatory headlines, exclamation marks, and the open mouth face clutching YouTube thumbnails, what is […]
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 […]