Figma's stock closes up 250% at $115.50, after Figma sold shares at $33 in its IPO, hitting a ~$68B valuation; Adobe's $20B Figma acquisition fell apart in 2023
Figma's stock more than tripled in its New York Stock Exchange debut on Thursday, a day after the design software company sold shares at $33 in its IPO.
A US appeals court blocks the FTC's “click-to-cancel” rule that would have taken effect on July 14, saying it didn't conduct a preliminary cost-benefit analysis
A U.S. appeals court blocked a rule that would have required businesses to make it as easy to cancel subscriptions …
US tech stocks fall for a third session after US tariffs: Apple, Tesla, Meta, Amazon, Microsoft, and Alphabet drop; an X post caused stocks to jump temporarily
Technology stocks teetered in volatile trading Monday as President Donald Trump stood by his sweeping global tariff plans following last week's devastating selloff.
Nintendo of America President Doug Bowser says the company is “actively assessing” the impact of US tariffs, which “weren't factored into” its Switch 2 pricing
Nintendo of America president Doug Bowser tells WIRED the company is still figuring out how to address tariffs …
A profile of FTC Chair Lina Khan, who on a trip to Silicon Valley in November aimed to convince a skeptical tech sector that the government was there to help
FTC Chair Lina Khan's vast ambitions to cut back on corporate power could be a huge part of Biden's legacy — if they come to fruition. X: @chase_sutton99 , @caffar3cristina , @josh...
As US lawmakers considered adding antitrust bills to the omnibus spending package, tech trade group CCIA, Meta, Amazon, and more ramped up opposition to them
Industry has spent more than $100 million to fight antitrust measures and other bills in Congress — How Apple's iPhone and Apps Trap You in a Walled Garden
The FTC will face hurdles to block Microsoft's Activision deal, as courts are skeptical of vertical merger challenges where two companies don't compete directly
Ms. Khan, the chair of the Federal Trade Commission, has staked an ambitious trustbusting agenda on a case that may be difficult to win.
A US Senate committee votes to approve the Journalism Competition and Preservation Act, letting news organizations jointly negotiate with big tech platforms
Filing: Amazon accuses the FTC of harassing its top executives, including Jeff Bezos and Andy Jassy, as part of its investigation into Prime membership
Amazon allegedly unfairly complicates the process for customers who want to cancel Prime—is “harassment” per Amazon https://arstechnica.com/... Cecilia Kang / @ceciliakang : Amazon...
Google questions whether DOJ's new top antitrust official Jonathan Kanter can be impartial, citing his work with Yelp and the News Media Alliance
David McCabe / New York Times :
DC attorney general sues Amazon on antitrust grounds, claiming the company's practices have unfairly raised prices for consumers and suppressed innovation
starting around 11 min in — from our Land of the Giants podcast about Amazon in 2019. In it, Amazon seller @Molson_Hart lays out the “price-parity” issue 2 years ahead of time: htt...
Sources: Biden is struggling to fill DOJ's antitrust chief role, due to a White House ethics pledge that may affect candidates who represented Big Tech critics
Leah Nylen / Politico :
A look at the making of Facebook's Oversight Board, its members, Zuckerberg's rationale for its existence, and criticisms of the endeavor
one that's also an obvious part of @Facebook's PR strategy. https://www.newyorker.com/... Alex Kozak / @alexkozak : Such amazing reporting here from @Klonick. She manages to captur...
A look at the well-funded Big Tech opponents, from lawyers to academics, that have helped guide potential government regulation like Google's antitrust suit
although possibly short-lived — for a growing collection of lawyers, activists, economists, academics and rivals who are fueling a backlash against Big Tech @satariano @dmccabe htt...
Facebook announces a research project into its impact on the 2020 election, with two dozen staffers working alongside 17 independent researchers
Facebook is teaming up with academics across the country to determine once and for all whether Facebook is in fact influencing the 2020 election.