Brazil’s government on Thursday recommended a reform to its competition law that would allow antitrust authority CADE to designate certain digital platforms as systemically relevant, subjecting them to new obligations if necessary. Why Its Important Brazil’s Finance Ministry says that local legislation needs to be equipped with more tools to…
Apple, Alphabet’s Google and Meta Platforms will be investigated for potential breaches of the EU’s new Digital Markets Act, European antitrust regulators said on Monday, potentially leading to hefty fines for the companies. The European Union law, effective from March 7, aims to challenge the power of the tech giants…
Amazon has launched a legal challenge against its inclusion in a group of companies subject to tough European Union online content rules, in a move that technology experts have said may prompt other tech giants to follow suit. Amazon’s challenge at the Luxembourg-based General Court, Europe’s second highest, is the…
Amazon‘s $1.7 billion (nearly Rs. 14,100 crore) acquisition of robot vacuum cleaner maker iRobot may reduce competition and strengthen Amazon’s position as online marketplace provider, EU antitrust regulators warned on Thursday. The European Commission opened a full-scale investigation and will decide by November 15 whether to clear or block the…
Meta Platforms said on Thursday subsidies from Big Tech should be the last option for European Union telecoms operators trying to get US companies to foot some of their network cost. Deutsche Telekom, Orange, Telefonica and other operators have lobbied for two decades for US tech giants to contribute to…
EU telecoms regulators’ group BEREC on Friday warned the European Commission against proposing legislation pushed by the sector to get Big Tech‘s help to pay for the rollout of 5G and broadband, saying it did not see a competition problem or a market failure. The comments from The Body of…
Facebook-parent Meta Platforms is planning additional layoffs to be announced in multiple rounds over the next few months, which could match the 13 percent job cut tally from last year, the Wall Street Journal reported on Friday citing people familiar with the matter. Meta let go of 11,000 employees four…
A Russian court on Tuesday fined ByteDance-owned TikTok RUB 3 million (roughly Rs. 41,50,000) over the social media platform’s refusal to delete content Russian authorities say violates laws against spreading “LGBT propaganda.” News agencies reported that the case against TikTok was based on accusations that the company was “promoting non-traditional…
US congressional leader on antitrust, Senator Amy Klobuchar, on Tuesday called for Congress to pass a bill to rein in Big Tech, as prospects of it becoming law seemed to be dimming. Supporters have been pressing Senate Majority Leader Chuck Schumer to schedule a vote on the bill that would…
EU lawmakers gave the thumbs up on Tuesday to landmark rules to rein in the power of tech giants such as Google, Amazon, Apple, Meta, and Microsoft, but enforcing them could be an issue due to regulators’ limited resources. In addition to the rules known as the Digital Markets Act…
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