Tag Archives: Regulators

Why EU regulators can rein in Big Tech, and the U.S. can’t

  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

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

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