By Leila Frankina February 08, 2024 When Amazon announced last week that it was backing off a bid to purchase Roomba-maker iRobot, the two companies cited a familiar refrain: “Amazon’s proposed acquisition of iRobot has no path to regulatory approval in the European Union,” read a statement from iRobot. That the EU was scrutinizing … Continue reading Why EU regulators can rein in Big Tech, and the U.S. can’t
Tag Archives: Regulators
Microsoft officially owns Activision Blizzard, ending a 21-month battle with regulators
Microsoft officially owns Activision Blizzard, ending a 21-month battle with regulators The blockbuster $68.7 billion deal has finally closed after the companies cleared antitrust hurdles. Kris Holt Fri, Oct 13, 2023 NurPhoto via Getty Images The biggest acquisition in gaming history and one of the largest in the tech industry is in the books. … Continue reading Microsoft officially owns Activision Blizzard, ending a 21-month battle with regulators
Ant Group, Jack Ma-founded fintech giant, gets fined almost $1 billion by China regulators
By Associated Press July 07, 2023 Chinese regulators are fining Ant Group 7.123 billion yuan ($985 million), claiming the financial technology provider violated laws related to corporate governance and consumer rights. The People’s Bank of China imposed the fine on Friday. “We will comply with the terms of the penalty in all earnestness and … Continue reading Ant Group, Jack Ma-founded fintech giant, gets fined almost $1 billion by China regulators
ChatGPT under threat from European regulators
Concerns about GDPR compliance might extend to other AI solutions too. Kim Davis on April 3, 2023 On Friday, Italian regulators imposed a ban on generative AI tool ChatGPT with immediate effect while giving its creator, OpenAI, 20 days to address concerns about the way data is collected and processed under penalty of a fine … Continue reading ChatGPT under threat from European regulators
Experts say Apple’s move into buy now, pay later is likely to catch on with customers—and bring out the regulators
By Chris Stokel-Walker March 28, 2023 Apple will now offer a buy now, pay later (BNPL) option for customers shopping with a retailer that accepts Apple Pay. Under the new arrangement, which was announced Tuesday, iPhone and iPad users can take out short-term loans with Apple of between $50 and $1,000, which must … Continue reading Experts say Apple’s move into buy now, pay later is likely to catch on with customers—and bring out the regulators
New York regulators slap Robinhood’s crypto business with $30 million fine
Robinhood lays off almost a quarter of its staff The company cut nine percent of its workforce earlier this year. I. Bonifacic @igorbonifacic Andrew Kelly / reuters For the second time this year, Robinhood is cutting its headcount. On Tuesday, the company announced it would lay off 23 percent of its workforce. According to … Continue reading New York regulators slap Robinhood’s crypto business with $30 million fine