Weekly Roundup: Europe
New EU Law Could Unlock App Buying & Messaging for Small Tech Firms; Instagram Outage Suspends Millions of Accounts
In today's ExchangeWire news digest: a new EU law could bring big tech's monopoly over app buying and messaging to an end; Instagram fixes an outage that suspended millions of accounts; and banks who lent funds for Elon Musk's Twitter [...]
Big TechElon MuskEURegulationSocial MediaSocial NetworksTwitter / X
Musk to Quadruple Price of Twitter Verification Badge; Telegram Removes Paywalled Posts from iOS App
In today's ExchangeWire news digest: Elon Musk plans to raise the monthly price of Twitter Blue to USD$20 (~£17.22); Telegram removes paywalled posts from iOS app in line with Apple's privacy changes; and Amazon champions Vietnam for e-commerce boom. Musk to [...]
Spotify Revenue Soars as Monthly Users Surpass 400 Million; Apple Raises Prices on Streaming Services
In today's ExchangeWire news digest: Spotify reports better-than-expected growth in users and revenue; Apple hikes up the prices of Apple Music and Apple TV+; and Singapore-based Mighty Jaxx announces its first project in the metaverse. Spotify hints at price rises as [...]
NFTs Deemed Property by Singapore High Court Justice; FCA Scrutinises Financial Regulation of Big Tech Firms
In today's ExchangeWire news digest: Singapore's High Court justice rules that NFTs qualify as property; the UK's FCA prepares to examine the financial regulation of big tech firms; and Apple reveals more ads are coming to the App Store. Singapore High [...]
Google Launches AI-Interaction App in UK; China Holds Emergency Meetings After US Chip Restrictions
In today's ExchangeWire news digest: Google launches a UK version of its AI-interaction app; China hosts emergency meetings with semiconductor firms following US restrictions; and UK fintech app Flux shuts down. Google’s app to interact with AI system trialled in UK Tech [...]
EU Urged to use New Tech Laws in Google Antitrust Case; Kanye West to Buy Right-Wing Social Network Parler
In today's ExchangeWire news digest: tech companies urge EU regulators to use new tech laws against in Google antitrust case; rapper Kanye West is set to purchase right-Wing social network Parler by the end of the year; and India's Flipkart [...]
AcquisitionE-CommerceEUGoogleLegalMetaverseSocial MediaSocial Networks
UK Homes Cut Streaming Services as Costs Rise; Alipay's Fund Transfer Service Wobbles China's Walled Gardens
In today's ExchangeWire news digest: households in the UK cut back on streaming services to navigate the cost of living crisis; China's Alipay trials a new money transfer service to rival app WeChat; and a UK coroner calls for separate [...]
US Reworks Digital Privacy Rules for Europeans; Shein Drops up to One Third in Value
In today's ExchangeWire news digest: the US rewrites its digital privacy rules to retain data on European citizens; Chinese fast-fashion giant Shein sees its value drop by up to one third; and Netflix forges new partnerships for measurement on its [...]
Binance Hit by Major Network Hack; Meta Admits Up to One Million Facebook Passwords Stolen
In today's ExchangeWire news digest: Binance loses up to USD$500m (~£450.5m) to hackers; a new report from Meta reveals up to a million Facebook passwords may have been stolen; and a financial report from ByteDance shows the company experienced significant [...]
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