Weekly Roundup: Europe
Meta Sued over Preteen's Eating Disorder; Stripe President Hits Back at Claims of Unfair Competition
In today's ExchangeWire news digest: Meta faces legal action for Instagram's damaging impact on a preteen's mental health; Stripe co-founder John Collison denies claims the firm operates unfairly; and the EU rules that all smartphones must use USB-C chargers by [...]
Musk Threatens to Scrap Twitter Deal; Apple Workers Prepare for First In-Person Union Election
In today’s ExchangeWire news digest: billionaire Elon Musk threatens to walk away from his planned purchase of Twitter; Apple store workers in Maryland prepare for their first in-person union election; and the UK’s markets watchdog launches a probe into BT [...]
Big Tech Fights to Halt Antitrust Bill; Twitter Says Antitrust Waiting Period for Musk Deal has Passed
In today's ExchangeWire news digest: tech companies lobby Congress to block a 'self-preferencing' anitrust bill that could stifle their market power; Twitter states that the waiting period for antitrust investigations into its deal with Elon Musk has now passed; and [...]
Twitter Keeps Durban on Board; ‘Buy Now, Pay Later’ Purchases Soar to USD$120bn
In this weekly segment, ExchangeWire sums up key industry updates in media, marketing, and commerce from around the globe. In this edition: Twitter acts against shareholders to keep Egon Durban on its board; global 'buy now, pay later' purchases skyrocketed [...]
Qualcomm Contemplates Truce to Acquire Arm; Salesforce Revenue Soars in Q1 2022
In today's ExchangeWire news digest: Qualcomm reveals it is considering working with partners to purchase SoftBank's Arm; Software company Salesforce reports leaping profits for Q1 2022; and Egyptian start-up SWVL announces brutal cutbacks to its workforce. Qualcomm contemplates partnering with rivals [...]
Ofcom Urges Big Tech to Protect Women Online; Texas Social Media Law Blocked by Supreme Court
In today's ExchangeWire news digest: UK regulator Ofcom urges tech companies to do more to protect women online; the US Supreme Court blocks a Texas law limiting social media companies' ability to moderate content; and Sweden's Trustly acquires UK-based competitor [...]
‘Buy Now, Pay Later’ Skyrockets to USD$120bn; Judge Approves Cydia Lawsuit Against Apple
In today's ExchangeWire news digest: new data shows global buy now, pay later purchases surged in 2021; Apple's attempt to dismiss a lawsuit from the creator of rival app store Cydia is dismissed; and Indonesian start-up Astro amasses USD$60m ($47m) [...]
Twitter Defies Shareholders to Keep Durban on Board; SoftBank Slashes Execs’ Pay after Blow to Vision Fund
In today's ExchangeWire news digest: Twitter refuses to dismiss Egon Durban from its board, defying its shareholders vote; a company filing from SoftBank reveals the company slashed execs' pay after its Vision Fund dropped ¥3.5tn (£21.7bn); and rapid grocery delivery [...]
CMA Launches New Probe into Google's Ad Dominance; Musk to Source USD$6bn for Twitter Deal
In this weekly segment, ExchangeWire sums up key industry updates in media, marketing, and commerce from around the globe. In this edition: The CMA launches a fresh investigation into Google's market dominance; Canada restricts two of China's flagship telecoms companies, Huawei [...]
Musk Pledges USD$6bn for Twitter as Tesla Stock Crashes; Meta Introduces Ad Transparency Tools
In today's ExchangeWire news digest: Musk rescinds his intended loans against Tesla stock to fund his takeover of Twitter; Meta introduces new transparency tools around political ads; and the UK government announces a review of Nexperia's takeover of Newport Wafer [...]
AdvertisingElon MuskMetaRegulationTargetingTechnologyTwitter / XUK
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