Big Tech

Big Tech
Ten Big Tech Stocks Lost $4.6T Market Cap in 2022
January 02, 2023

The 10 top tech stocks lost a combined $4.6 trillion in market cap in 2022.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Big Tech
Musk Declares Ceasefire in ‘War’ Against Apple
December 01, 2022

Elon Musk’s “war” against Apple has apparently halted, according to the Twitter CEO. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

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EU Regulators Lobbied to Address Big Tech Cloud Market Abuse
November 24, 2022

The big three cloud service providers — Amazon Web Services, Microsoft Azure and Google Cloud — account for nearly three-quarters of the European cloud market, according to data published by Synergy Research Group. Get the Full Story Complete the form to unlock this article and...

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Investor Calls on Google Parent Alphabet to Cut Costs
November 15, 2022

Investor TCI Fund Management has called on Google parent company Alphabet to reduce its headcount, lower its compensation and cut its losses in self-driving car project Waymo and related efforts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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Big Tech Q3 Revenue Takes Hit Amid Rising Data Center Energy Cost in Europe
October 30, 2022

In the week that Amazon, Alphabet, Meta, Microsoft and other Silicon Valley Big Tech firms announced their third quarter (Q3) earnings, the general picture reflected a worldwide slowdown in spending as most of the firms posted weaker-than-expected quarterly results. Get the Full Story Complete the...

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FCA Exploring Implications of Big Tech Entry Into Financial Services
October 25, 2022

As the likes of Google and Apple have diversified their offering to include payments and other financial services, the U.K.’s Financial Conduct Authority (FCA) is looking to understand the consequences of this trend for competition. Get the Full Story Complete the form to unlock this...

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Big Tech Eyes Untapped Cloud Opportunities in MEA Markets
October 17, 2022

In recent years, cloud data centers and the scalable server power they provide businesses have emerged as one of the most critical infrastructural components of a well-oiled digital economy. From small eCommerce businesses to global enterprises, the likes of Amazon Web Services, Google Cloud and...

Big Tech
Beyond EU, Regulators Move to Rein in Big Tech Dominance in Africa
October 11, 2022

From the $1.7 billion AdSense antitrust fine levied against Google in 2019 and the nearly $887 million privacy fine Amazon was issued last July, to the recent $405 million fine levied against Meta last month, Big Tech firms have been slapped with some of the...

Big Tech
UK Scrutinizes Amazon, Google, Microsoft Over Competition in Cloud Market
September 25, 2022

The U.K. has begun probing the cloud market to see whether Amazon, Microsoft and Google are stifling competition and innovation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....