Google and Facebook took particularly sharp jabs for alleged abuse of their market power from politicians on Wednesday in a much-anticipated hearing that put four of the US’s most prominent tech CEOs in the hot seat.
Author: Agency Staff
Huawei Technologies overtook Samsung Electronics in global smartphone shipments in the second quarter after Chinese consumer spending bounced back from a Covid-19 trough, according to Canalys.
At Wednesday’s antitrust hearing, Facebook CEO Mark Zuckerberg is set to tell the US congress his company is an American success story crucial in winning an Internet arms race against China. TikTok’s CEO is already striking back.
Google and Samsung Electronics are negotiating a major deal that would give Google products more prominence on the South Korean company’s smartphones.
Spotify said on Wednesday that music streaming demand had rebounded from the coronavirus-related weakness it saw at the start of the quarter and its paid subscribers reached 138 million.
André de Ruyter, the CEO of South Africa’s debt-stricken state power utility, is navigating a political minefield as he collects overdue debt, reduces electricity theft and bolsters revenue.
CES, the biggest global technology and gadget show, held every January in Las Vegas, will be online only in 2021 due to concerns over the coronavirus pandemic.
Chief executives from four of the biggest US technology companies will face a moment of reckoning on Wednesday in an extraordinary joint appearance before lawmakers.
Google will build a new subsea cable linking the US, the UK and Spain, further entrenching the technology giant’s role in global Internet infrastructure.
Tencent proposed on Monday to buy all of the shares it doesn’t already own in Chinese search engine Sogou, taking the company private and delisting its shares from the New York Stock Exchange.