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Europe’s antitrust chief Margrethe Vestager, the architect of landmark rules to curb the power of US tech giants, called on Thursday for a global approach towards Big Tech to prevent companies taking advantage of enforcement gaps. Vestager, who has handed out billions of euros in fines to Alphabet’s Google and launched investigations into Apple, Amazon and
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Germany’s cartel office said that Meta Platforms Inc, the owner of Facebook, has “paramout significant for competition across markets”, a classification which gives the regulator more leeway to curb digital companies’ market power. Under legislation introduced by German lawmakers in early 2021, the cartel office can ban what it deems to be anti-competitive activities. Meta,
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Venture capital is making a big move on crypto in 2022. Scared of being left in the digital dust, private equity investors are stampeding towards crypto projects — blockchain-based apps and platforms fuelled by cryptocurrencies that are native to the virtual economies of the metaverse and Web3. VC investment in such projects totalled $10 billion (roughly Rs. 76,600 crore)
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The Parliamentary Standing Committee on Finance has decided to summon representatives of the world’s major social media platforms and search engines over issues related to their competitive practices. Google, Facebook, Twitter, Apple, Amazon, Flipkart, and Microsoft are likely to be summoned in the next meeting. The above development comes soon after Elon Musk took over
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Snap will roll out new features to make it easier for brands to create augmented reality shopping experiences on its Snapchat app as well as a flying camera, the company said on Thursday at its annual presentation to showcase new technology. The Santa Monica, California-based company announced the pocket-sized camera called Pixy, which can fly
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