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The European Commission fined Apple and Meta Platforms hundreds of millions of dollars and ordered the companies to comply with the bloc’s tech rules in a move that risks ratcheting up tensions with the Trump administration as officials pursue trade talks, The Wall Street Journal reported. The European Commission, the EU’s executive body, on Wednesday slapped Apple with a 500
Testimony this week from Google’s antitrust trial shows that Google gives Samsung an “enormous sum of money” each month to preinstall the Gemini AI app on Samsung devices, reported Bloomberg, The Verge reported. Now that Judge Amit Mehta has ruled Google’s search engine is an illegal monopoly, its lawyers are sparring with the DOJ over how severe a potential penalty
A Coinbase spokeswoman told Cointelegraph that “Base did not launch a token” after the blockchain’s X account was slammed for sharing a tokenized, tradable social post, Cointeligraph reported. Crypto exchange Coinbase distanced its blockchain network Base from a memecoin it shared that saw massive backlash after the token rapidly gained, then dropped in value by millions of dollars. Base posted
The European Union recently delayed penalizing Apple and Meta Platforms, temporarily avoiding a conflict with the Trump administration during a week that saw the bloc ramp up its push for a trade deal with the U.S. , The Wall Street Journal reported. The European Commission, the EU’s executive body, had initially planned to announce a cease-and-desist orders targeting the tech
A trial in the landmark antitrust case against social media giant Meta kicked off in Washington on Monday, the BBC reported. Lawyers for the US competition and consumer watchdog allege Meta unlawfully quashed rivals by purchasing Instagram and What’s App over a decade ago. “They decided that competition was too hard and it would be easier to buy out their
US commerce secretary Howard Lutnick has warned that smartphones and other consumer electronics imported to America from China will still face tariffs, dealing a blow to hopes of a reprieve for Big Tech companies such as Apple, Nvidia and Microsoft, Financial Times reported. Donald Trump’s administration this weekend excluded phones, chipmaking equipment and certain computers from steep “reciprocal” tariffs in
President Donald Trump exempted smartphones, computers, and other tech devices and components from his reciprocal tariffs, new guidance from U.S. Customs and Border Protection shows, CNBC reported. The guidance, issued late Friday evening, comes after Trump earlier this month imposed 145% tariffs on products from China, a move that threatened to take a toll on tech giants like Apple, which