Tag #Big Tech

Showing 49 to 60 of 164 results

forbes.com

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May 1, 04:13

Smartphone Addiction: A Global Social Sustainability Crisis

A global study reveals the widespread impact of smartphone addiction, driven by "addiction capitalism," an economic model prioritizing user engagement over social well-being, particularly affecting vulnerable populations and youth mental health.

Smartphone Addiction: A Global Social Sustainability Crisis

A global study reveals the widespread impact of smartphone addiction, driven by "addiction capitalism," an economic model prioritizing user engagement over social well-being, particularly affecting vulnerable populations and youth mental health.

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What are the immediate social and psychological impacts of the global rise in smartphone addiction fueled by "addiction capitalism?

Smartphone addiction is a global issue, with studies showing UK users interacting with their phones every five minutes and 80% of Americans checking their phones within ten minutes of waking. This compulsive behavior, driven by app design, significantly impacts social sustainability.

theglobeandmail.com

🌐 85% Global Worthiness

Apr 25, 01:16

Alphabet Beats Q1 Earnings, Announces \$70 Billion Share Buyback

Alphabet exceeded first-quarter profit and revenue expectations, reporting \$2.81 per share profit and \$90.23 billion in revenue, driven by strong digital advertising performance despite economic headwinds; the company announced a \$70 billion share buyback.

Alphabet Beats Q1 Earnings, Announces \$70 Billion Share Buyback

Alphabet exceeded first-quarter profit and revenue expectations, reporting \$2.81 per share profit and \$90.23 billion in revenue, driven by strong digital advertising performance despite economic headwinds; the company announced a \$70 billion share buyback.

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What were the key financial results of Alphabet's first quarter, and what is their immediate market impact?

Alphabet's first-quarter profit exceeded expectations, reaching \$2.81 per share compared to the anticipated \$2.01. This positive result, coupled with a \$70 billion share buyback announcement, boosted Alphabet's share price by 4% in after-hours trading. The company also beat revenue estimates, reaching \$90.23 billion.

politico.eu

🌐 85% Global Worthiness

Apr 23, 16:12

EU Fines Meta and Apple €700 Million for DMA Violations

The European Commission fined Meta €200 million and Apple €500 million for violating the Digital Markets Act, prompting appeals and escalating transatlantic tensions over digital regulations.

EU Fines Meta and Apple €700 Million for DMA Violations

The European Commission fined Meta €200 million and Apple €500 million for violating the Digital Markets Act, prompting appeals and escalating transatlantic tensions over digital regulations.

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How do Meta's and Apple's reactions to the fines reflect the underlying tensions between the EU and the U.S. regarding digital regulation?

Meta's and Apple's fines stem from breaches of the EU's DMA, specifically Meta's "pay or consent" advertising model and Apple's app store rules. These fines highlight growing transatlantic tensions over digital regulations, with accusations of unfair targeting of American companies. The EU asserts the fines are based on clear rules and respect for European values.

npr.org

🌐 90% Global Worthiness

Apr 22, 10:15

Google Faces Penalties in Historic Antitrust Trial

A Washington, D.C., court is deciding penalties for Google after a judge ruled the tech giant abused its control of the online search market; the Department of Justice wants Google to sell off its Chrome browser and stop paying Apple and Samsung to make it the default search engine on their phones.

Google Faces Penalties in Historic Antitrust Trial

A Washington, D.C., court is deciding penalties for Google after a judge ruled the tech giant abused its control of the online search market; the Department of Justice wants Google to sell off its Chrome browser and stop paying Apple and Samsung to make it the default search engine on their phones.

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What are the immediate consequences of Judge Mehta's finding that Google engaged in monopolistic practices?

The Department of Justice (DOJ) is pursuing antitrust action against Google, alleging monopolistic practices in the search engine market. Judge Mehta's ruling last August found Google guilty of monopolistic behavior, setting the stage for determining appropriate penalties. The DOJ's proposed remedies include the divestiture of Chrome and ending exclusive search agreements with phone manufacturers.

cnn.com

🌐 85% Global Worthiness

Apr 22, 01:12

FTC Sues Uber Over Deceptive Uber One Subscription Practices

The Federal Trade Commission sued Uber on Monday for allegedly deceptive billing and cancellation practices in its Uber One subscription service, including unauthorized charges and unnecessarily difficult cancellations, violating the FTC Act and the Restore Online Shoppers' Confidence Act.

FTC Sues Uber Over Deceptive Uber One Subscription Practices

The Federal Trade Commission sued Uber on Monday for allegedly deceptive billing and cancellation practices in its Uber One subscription service, including unauthorized charges and unnecessarily difficult cancellations, violating the FTC Act and the Restore Online Shoppers' Confidence Act.

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What are the key allegations against Uber in the FTC lawsuit, and what are the immediate consequences for Uber and consumers?

The FTC sued Uber for allegedly deceptive billing and cancellation practices in its Uber One subscription service, claiming unauthorized charges and difficult cancellations despite "cancel anytime" marketing. Uber denies these claims, citing a rushed investigation and misunderstandings, asserting clear and simple processes. The lawsuit alleges violations of the FTC Act and the Restore Online Shoppers' Confidence Act.

lexpress.fr

🌐 85% Global Worthiness

Apr 19, 16:10

Trump's Tech Backlash: Antitrust Battles and Unforeseen Consequences

US tech giants' support for Donald Trump, hoping for deregulation, backfired due to a trade war and aggressive antitrust actions; Meta faces a potential $30 billion fine and Google may have to separate Chrome from its search engine.

Trump's Tech Backlash: Antitrust Battles and Unforeseen Consequences

US tech giants' support for Donald Trump, hoping for deregulation, backfired due to a trade war and aggressive antitrust actions; Meta faces a potential $30 billion fine and Google may have to separate Chrome from its search engine.

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How did the Trump administration's approach to antitrust enforcement affect Meta and Google?

The belief that a Trump presidency would simplify business and reduce regulation led tech companies to support him. However, the ensuing trade war and intensified antitrust scrutiny demonstrate the unforeseen consequences of this gamble. The FTC's aggressive stance under Lina Khan and the lack of significant policy shifts under Trump appointees highlight the limitations of this approach.

theglobeandmail.com

🌐 85% Global Worthiness

May 1, 01:16

Google Pays $22.2 Million to Canadian News Outlets Under Online News Act

Google paid $22.2 million to 108 Canadian news outlets as the initial installment of a $100 million annual payment under Canada's Online News Act, aiming to compensate news organizations for financial losses due to tech platforms; the largest recipients include Postmedia, Globe and Mail, and La Pres...

Google Pays $22.2 Million to Canadian News Outlets Under Online News Act

Google paid $22.2 million to 108 Canadian news outlets as the initial installment of a $100 million annual payment under Canada's Online News Act, aiming to compensate news organizations for financial losses due to tech platforms; the largest recipients include Postmedia, Globe and Mail, and La Pres...

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How does Google's $22.2 million payment to Canadian news outlets impact the financial stability of the Canadian news industry and set a precedent for global tech-media relations?

Google has disbursed $22.2 million to 108 Canadian news outlets as the first installment of a $100 million annual payment, part of a five-year deal to comply with Canada's Online News Act. The largest recipients include Postmedia, Globe and Mail, and La Presse, each receiving over $1 million. Further payments are expected.

cbsnews.com

🌐 85% Global Worthiness

Apr 23, 16:13

EU Fines Apple and Meta Hundreds of Millions of Euros for Violating Digital Markets Act

The European Commission imposed a \$571 million fine on Apple and a \$228 million fine on Meta for violating the EU's Digital Markets Act (DMA), which aims to increase consumer choice and prevent Big Tech from dominating digital markets; both companies plan to appeal.

EU Fines Apple and Meta Hundreds of Millions of Euros for Violating Digital Markets Act

The European Commission imposed a \$571 million fine on Apple and a \$228 million fine on Meta for violating the EU's Digital Markets Act (DMA), which aims to increase consumer choice and prevent Big Tech from dominating digital markets; both companies plan to appeal.

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How did Apple and Meta's business practices violate the EU's Digital Markets Act, and what specific measures did the EU order them to take?

The DMA seeks to address concerns about Big Tech's control over digital markets by ensuring consumers have control over their data and businesses can freely communicate with customers. Apple and Meta's actions violated the DMA by restricting user choice, leading to the imposed fines. This enforcement reflects a broader global trend towards stricter regulation of tech giants.

dw.com

🌐 85% Global Worthiness

Apr 23, 16:12

EU Fines Apple €500 Million, Meta €200 Million for DMA Violations

The European Commission fined Apple €500 million and Meta €200 million for violating the Digital Markets Act (DMA), with Apple for restricting app developers' access to alternative offer information and Meta for its data-light option model deemed insufficient, both companies planning legal action an...

EU Fines Apple €500 Million, Meta €200 Million for DMA Violations

The European Commission fined Apple €500 million and Meta €200 million for violating the Digital Markets Act (DMA), with Apple for restricting app developers' access to alternative offer information and Meta for its data-light option model deemed insufficient, both companies planning legal action an...

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What are the immediate consequences of the European Commission's fines against Apple and Meta for violating the Digital Markets Act?

The European Commission fined Apple and Meta €500 million and €200 million, respectively, for violating the Digital Markets Act (DMA), which aims to prevent market dominance from discriminating against other providers. This is the DMA's first enforcement, with both companies having 60 days to rectify the issues.

tr.euronews.com

🌐 85% Global Worthiness

Apr 22, 19:17

US-China Trade War Costs "Magnificent Seven" $4.2 Trillion

The "Magnificent Seven" tech giants experienced a $4.2 trillion market value drop since President Trump's inauguration, largely due to the US-China trade war's impact on supply chains and market uncertainty, exemplified by Nvidia's $5.5 billion charge from a China sales ban.

US-China Trade War Costs "Magnificent Seven" $4.2 Trillion

The "Magnificent Seven" tech giants experienced a $4.2 trillion market value drop since President Trump's inauguration, largely due to the US-China trade war's impact on supply chains and market uncertainty, exemplified by Nvidia's $5.5 billion charge from a China sales ban.

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How did the US-China trade war specifically impact Nvidia, and what were the financial consequences?

President Trump's trade war with China had a devastating impact on the tech sector. The tariffs, though partially eased, created uncertainty, affecting supply chains, inventories, and demand. This uncertainty was further compounded by conflicting White House statements, leading to massive market volatility.

abcnews.go.com

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Apr 21, 13:13

Trump's Policies Wipe Out \$3.8 Trillion in Big Tech Value

President Trump's policies have caused a \$3.8 trillion (22%) drop in the market value of Big Tech's "Magnificent Seven" since his January 20 inauguration, due to tariffs, antitrust actions, and supply chain disruptions, despite initial hopes for a more favorable regulatory climate.

Trump's Policies Wipe Out \$3.8 Trillion in Big Tech Value

President Trump's policies have caused a \$3.8 trillion (22%) drop in the market value of Big Tech's "Magnificent Seven" since his January 20 inauguration, due to tariffs, antitrust actions, and supply chain disruptions, despite initial hopes for a more favorable regulatory climate.

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What is the primary impact of President Trump's policies on Big Tech's financial performance and market valuation since his inauguration?

Since President Trump's inauguration, the combined market value of Big Tech's "Magnificent Seven" companies has plummeted by \$3.8 trillion (22%). This decline is primarily due to the uncertainty caused by Trump's unpredictable trade policies, including tariffs and antitrust lawsuits. The situation has resulted in significant financial damage and supply chain disruptions for these tech giants.

cnn.com

🌐 85% Global Worthiness

Apr 17, 04:11

Zuckerberg Testifies in Meta Antitrust Trial, Reveals Past Plans to Spin Off Instagram

Meta CEO Mark Zuckerberg defended Meta's acquisition of Instagram and WhatsApp during an antitrust trial, revealing that he'd previously considered spinning off Instagram to mitigate potential regulatory pressure, but ultimately decided to maintain all apps, leading to the current FTC lawsuit.

Zuckerberg Testifies in Meta Antitrust Trial, Reveals Past Plans to Spin Off Instagram

Meta CEO Mark Zuckerberg defended Meta's acquisition of Instagram and WhatsApp during an antitrust trial, revealing that he'd previously considered spinning off Instagram to mitigate potential regulatory pressure, but ultimately decided to maintain all apps, leading to the current FTC lawsuit.

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What immediate impact could the outcome of the FTC lawsuit against Meta have on the social media market?

Meta CEO Mark Zuckerberg testified in an antitrust lawsuit, defending Meta's acquisitions of Instagram and WhatsApp. He revealed internal discussions about potentially spinning off Instagram due to growing calls for breaking up big tech companies. This strategy was considered to improve performance but ultimately wasn't implemented.

Showing 49 to 60 of 164 results