The rally in tech shares has taken the number of people with fortunes of more than $100-billion to eight.
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Forbes’ annual world’s billionaires list includes a record-breaking 2 755 billionaires, with Amazon.com founder Jeff Bezos topping it for the fourth consecutive year.
Facebook shares hit a record on Monday, with the social media company taking out a peak that has stood since August as fears fade about the impact of new privacy policies from Apple.
Twitter CEO Jack Dorsey tweeted his frustration with US lawmakers’ questions on the social media platform during a hearing about misinformation on Thursday.
The UK’s digital minister warned he had “very grave concerns” about Facebook’s plans to expand end-to-end encryption across all user communications.
Facebook’s brief but tempestuous standoff with the Australian government over a world-first pay-for-news law is only the start of a string of regulatory battles that the world’s biggest social network faces in 2021.
Twitter is building a subscription product as a way to ease its dependence on advertising – a plan that has taken on a heightened priority given the pandemic and pressure from activist investors to accelerate growth.
Microsoft is confident its search product Bing can fill the gap in Australia if Google pulls its search over required payments to media outlets, Prime Minister Scott Morrison said on Monday.