Instagram CEO testifies about competing with TikTok: ‘You’re either growing, or you’re slowly dying’
Instagram CEO testifies about competing with TikTok: 'You're either growing, or you're slowly dying' Instagram CEO testifies about competing with TikTok: ‘You’re either growing, or you’re slowly dying’ When Adam Mosseri took over Meta-owned Instagram as CEO in 2018, the app was experiencing what he’d later call “concerning” drops and plateaus in user engagement, thanks […]
Celsius founder Alex Mashinsky sentenced to 12 years in prison
Celsius founder Alex Mashinsky sentenced to 12 years in prison Alex Mashinsky, the founder and former CEO of the collapsed cryptocurrency lending firm Celsius, has been sentenced to 12 years in prison for fraud that led to “billions in losses,” the Department of Justice announced on Thursday. Celsius, which held $25 billion in assets at […]
Congress votes to pull funding for free Wi-Fi hotspots at schools and libraries
Congress votes to pull funding for free Wi-Fi hotspots at schools and libraries The Senate has voted to end a Federal Communications Commission (FCC) rule that used federal funding to cover Wi-Fi hotspots that could be used outside of school and libraries. The program, first implemented by former FCC Chairwoman Jessica Rosenworcel, applied funds from […]
Judge dismisses most charges against FTX’s celebrity boosters
Judge dismisses most charges against FTX's celebrity boosters Judge dismisses most charges against FTX’s celebrity boosters A federal judge in Florida dismissed most claims against athletes, actors, YouTubers, and other celebrities who endorsed Sam Bankman-Fried’s crypto exchange, ruling that there isn’t sufficient proof that they knew about FTX or Bankman-Fried’s fraudulent acts. The high-profile defendants, […]
FTC v. Meta live: Instagram CEO Adam Mosseri takes the stand
FTC v. Meta live: Instagram CEO Adam Mosseri takes the stand Meta antitrust trial The long-awaited antitrust trial between Meta and the Federal Trade Commission kicked off on April 14th. Over about two months, DC District Court Chief Judge James Boasberg is hearing arguments about whether then-Facebook illegally monopolized the market for “personal social networking […]
You can now submit your claims for Apple’s $95 million Siri spying settlement
You can now submit your claims for Apple's $95 million Siri spying settlement You can now submit your claims for Apple’s $95 million Siri spying settlement Eligible Apple customers can now apply for their share of a $95 million Siri snooping payout. A website has been set up to distribute the funds, allowing Apple device […]
Eddy Cue is fighting to save Apple’s $20 billion paycheck from Google
Eddy Cue is fighting to save Apple's $20 billion paycheck from Google Eddy Cue is fighting to save Apple’s $20 billion paycheck from Google Microsoft’s Bing or DuckDuckGo probably won’t disrupt Google’s dominance in search, said Apple senior vice president of services Eddy Cue – but AI services easily could. Cue was returning to a […]
FTC loses appeal to stop Microsoft’s Activision Blizzard deal that already happened
FTC loses appeal to stop Microsoft's Activision Blizzard deal that already happened FTC loses appeal to stop Microsoft’s Activision Blizzard deal that already happened The Federal Trade Commission (FTC) has lost its appeal of a ruling in its case against Microsoft’s $68.7 billion acquisition of Activision Blizzard. In 2023, the FTC requested a preliminary injunction […]
Senate Dems propose ban on presidents investing or endorsing crypto assets
Senate Dems propose ban on presidents investing or endorsing crypto assets After abruptly pulling their support from what would have been the Senate’s first stablecoin regulatory bill, Senate Democrats announced Tuesday that they would introduce a new bill that would prevent federal officials and their families from issuing digital assets – a bill directed at […]
A new bill would force Apple to allow third-party app stores
A new bill would force Apple to allow third-party app stores Representative Kat Cammack (R-FL) introduced a bill Tuesday that would require “large app store operators” like Apple to let users install third-party app stores and set them as their default. The bill, called the App Store Freedom Act, aims to “promote competition and protect […]