Search results for "epic games"

EXPLAINER: Why are foreign tech firms pulling out of China?

Yahoo Inc. is leaving the China market, suspending its services there as of Monday amid what it says is an “increasingly challenging” business and legal environment. Foreign technology firms have been pulling out or downsizing their operations in mainland China as a strict data privacy law specifying how companies collect and store data takes effect. […]

In the middle of a crisis, Facebook Inc. renames itself Meta

Like many companies in trouble before it, Facebook is changing its name and logo. Facebook Inc. is now called Meta Platforms Inc., or Meta for short, to reflect what CEO Mark Zuckerberg said Thursday is its commitment to developing the new surround-yourself technology known as the ” metaverse.” But the social network itself will still […]

EXPLAINER: What the metaverse is and how it will work

The term “metaverse” seems to be everywhere. Facebook is hiring thousands of engineers in Europe to work on it, while video game companies are outlining their long-term visions for what some consider the next big thing online. The metaverse, which could spring up again when Facebook releases earnings Monday, is the latest buzzword to capture […]

Facebook plans to hire 10,000 in Europe to build 'metaverse'

Facebook said it plans to hire 10,000 workers in the European Union over the next five years to work on a new computing platform that promises to connect people virtually but could raise concerns about privacy and the social platform gaining more control over people’s online lives. The company said in a blog post Sunday […]

U.S. Senate anti-discrimination bill weighs on Big Tech firms

On Thursday, a bipartisan entity of senators revealed plans to welcome a nondiscrimination bill as pressure rises on the U.S. Senate to legislate a new set of laws prohibiting tech platforms from preferencing the company’s commodities and services over their rivals. After months of negotiations and hearings, the Senate has finally spoken, and its latest […]

EXPLAINER: What is Apple doing with its App Store?

Over the past week or so, Apple has eased some longstanding restrictions that helped make its App Store into a big moneymaker for the company. The company has long required app developers to pay high commissions to Apple on the sales of paid apps as well as purchases of subscriptions or digital items inside their […]

South Korea bans Google, Apple payment monopolies

South Korea’s National Assembly approved legislation on Tuesday that bans app store operators such as Google and Apple from forcing developers to use their in-app payment systems. South Korea is reportedly the first country in the world to pass such a bill, which becomes law when it is signed by the president, whose party has […]

Apple’s $100 million settlement alters App Store rules

Apple agreed on a settlement with a crew of developers in a class action lawsuit addressing the OS creator’s handling of its App Store, in addition to setting a $100 million fund to support U.S. developers earning less than $1 million. The settlement agreement clearly states that Apple holds direct responsibility towards its userbase by not clarifying […]

U.S. Senators bill fixates on Apple’s App Store

U.S. Senate introduced on Wednesday its latest bill directed at tech powerhouses Google and Apple to restrain their app stores’ influence on the market. The “Open App Market Act,” initiated and sponsored by senators Richard Blumenthal, Amy Klobuchar, and Marsha Blackburn would play a restrictive role in some of the largest app marketplaces, which according […]

Google is battling against a $1 billion legal claim

Google is charging people for their digital purchases in its Play Store through an “unfair and excessive” manner, according to a new legal lawsuit filed against the tech giant.  On behalf of 19.5 million Android phone users in the UK, the legal action is seeking up to $1 billion from Google.  The lawsuit has been filed with the Competition Appeal Tribunal in London by former […]