The UK CMA designates Google with “strategic market status” in search and ads, but excludes Gemini; Google has warned such oversight could slow product launches
Update Natasha Lomas Euractiv / Euractiv : Google's search and ads business to face tougher rules in the UK Holly Williams / The Standard : Google may be forced to loosen control of search engine in U...
Nvidia surpasses Microsoft to become the world's most valuable public company, with a $3.34T market cap; NVDA is up over 9x since January 2023
It's the most profitable chip brand, too Leigh Mc Gowran / Silicon Republic : Nvidia surges past Microsoft as world's most valuable company Kevin Raposo / KnowTechie : Nvidia surges past Microsoft, no...
A US federal judge grills the DOJ and Google in the closing arguments of US v. Google, as the most consequential tech antitrust case since the 1990s concludes
and Big Tech — hangs in the balance at trial Legit.ng : US judge grills both sides in landmark Google antitrust trial Laura Bratton / Quartz : Google's landmark antitrust trial is coming to a close Ch...
Sources: ByteDance, which was directly involved in countering US efforts to ban TikTok in 2020, has let the US TikTok team lead the response this time around
While several countries have restricted TikTok, the Chinese app continues to assert its dominance Greensburg Tribune-Review : Pa., other states are seeking to restrict TikTok. That doesn't mean their ...
Meta reports Q2 revenue up 11% YoY to $32B, net income up 16% YoY to $7.79B, and family daily active people up 7% YoY to 3.07B for June 2023; META jumps 10%+
but most of the new users came from outside the US and Canada Karissa Bell / Engadget : Meta had its best quarter since 2021 despite losing more money on the metaverse Abubakar Idris / The Messenger :...
Amazon spent a record $20.3M and Meta a record $20.1M on US federal lobbying in 2021, both up ~7% YoY; Google spent $9.6M, up 27%; Apple spending fell to $6.5M
NOTE: Figures on this page are calculations by OpenSecrets based on data … Mike Peterson / AppleInsider : Amazon, Meta set lobbying spending records in 2021 as Apple's decreased Aaron Sankin / The Mar...
Kuaishou's CEO Su Hua is stepping down, will remain chairman of the short-form video company; fellow co-founder Cheng Yixiao will be the new CEO
Kuaishou's Su Hua is only the latest Channel NewsAsia : China's Kuaishou says co-founder Su Hua to step down as chief executive South China Morning Post : Kuaishou CEO Su Hua becomes third Big Tech fo...
Singapore's IHiS fires two employees and fines five execs, including CEO, over June 2018 SingHealth cyberattack that saw personal data of 1.5M patients stolen
Channel NewsAsia :