Thierry Breton, the EU internal markets commissioner, said a senior U.S. official has been campaigning on Big Tech’s behalf — in spite of the EU’s approval of a draft rule to cut back on American tech companies’ power, Financial Times reports. Get the Full Story...
It’s been another week of heavy fines and warnings aimed at curbing Big Tech’s power in the European Union (EU) and across Europe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
In the 20th century, local distribution was the epitome of monopoly power when it came to essential services. The telephone company, the power company and the water company all dominated markets by controlling the “last mile” that connected the provider to the customer. Get the...
Instagram CEO Adam Mosseri doesn’t want to officially commit to ending his plans for a version of the social media platform for children under 13 years old, CNBC reported Wednesday (Dec. 8). Get the Full Story Complete the form to unlock this article and enjoy...
Consumer Financial Protection Bureau director Rohit Chopra, a former Federal Trade Commission member, is taking a closer look at Amazon.com, Apple, Facebook parent Meta Platforms, Google parent Alphabet and other technology giants in his new role, according to a Bloomberg report Friday (Dec. 3). Get...
Big Tech firms didn’t have it easy last week, as the European Union clamped down on some of the world’s largest technology companies with hefty fines, warnings and upcoming regulations that are bound to ruffle feathers in the coming weeks and months. Get the Full...
On Tuesday (Nov. 16), Epic Games Inc. CEO Tim Sweeney pushed for a universal app store in an interview with Bloomberg that also included the executive blasting Apple Inc. and Alphabet Inc.’s Google for their mobile duopolistic behavior. Get the Full Story Complete the form...
While technology enthusiasts and gaming and social media platforms are busy talking up the other-worldly experiences we’re all going to enjoy in the metaverse, a growing number of other players are focusing on a different digital opportunity, and rushing to find new ways to make...
The wrangling between Europe and Big Tech firms took a significant step up this week, as the European Union (EU) toughens its grip on some of the world’s largest technology companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
