Apple antitrust suit mirrors strategy that beat Microsoft, but tech industry has changed
March 22, 2024 – 6:21 AM PDT (Reuters) – The U.S. government’s antitrust lawsuit against Apple (AAPL.O) draws on the watershed 1998 case that broke Microsoft’s stranglehold on desktop software, but that may prove to be an imperfect blueprint for addressing smartphone competition. Advertisement The market for the iPhone today looks very different from the near-monopoly enjoyed by Microsoft’s (MSFT.O) Windows […]
Reddit shares soar 38% in market debut
March 21, 2024 – 12:55 PM PDT CEO of Reddit Steve Huffman reacts at the New York Stock Exchange (NYSE) to celebrate the company’s initial public offering (IPO) in New York City, U.S., March 21, 2024. REUTERS/Brendan McDermid (Reuters) – Social media platform Reddit’s (RDDT.N) shares jumped 38% in their debut in New York on Thursday, signaling […]
Reddit set for hotly anticipated debut after pricing IPO at top of range
March 21, 2024 – 7:39 AM PDT A person records the Reddit mascot as it rings the opening bell, at the New York Stock Exchange (NYSE) in New York City, U.S., March 21, 2024. REUTERS/Brendan McDermid (Reuters) – Social media platform Reddit (RDDT.N) geared up for its high-profile market debut on the New York Stock Exchange […]
Apple accused of monopolizing smartphone markets in US antitrust lawsuit
March 21, 2024 – 7:58 AM PDT People stand outside an Apple Store as Apple’s new iPhone 15 officially goes on sale across China, in Shanghai, China September 22, 2023. REUTERS/Aly Song WASHINGTON (Reuters) – The U.S. Department of Justice and 15 states on Thursday sued Apple (AAPL.O), alleging it used the powerful demand for its […]
UnitedHealth hack takes toll on healthcare providers to the nation’s poor
March 20, 2024 – 3:05 AM PDT UnitedHealth Group’s headquarters building is seen in Minnetonka, Minnesota, U.S. in this handout picture taken in 2019. UnitedHealth Group/Handout via REUTERS /File Photo CHICAGO (Reuters) – The ransomware attack on UnitedHealth that has disrupted payments to U.S. doctors and healthcare facilities nationwide for a month, has taken an […]
Meta offers to almost halve Facebook and Instagram monthly fees
March 19, 2024 – 7:28 AM PDT BRUSSELS (Reuters) – Meta Platforms (META.O) has offered to almost halve its monthly subscription fee for Facebook and Instagram to 5.99 euros from 9.99 euros, a senior Meta executive said on Tuesday, a move that aims to address concerns from privacy and antitrust regulators. Advertisement The price cut follows […]
Supreme Court eyes government contacts with social media platforms
March 18, 2024 – 7:30 AM PDT WASHINGTON (Reuters) – The U.S. Supreme Court on Monday was hearing arguments in another battle over social media content moderation – a challenge on free speech grounds to how President Joe Biden’s administration encouraged platforms to remove posts that federal officials deemed misinformation, including about elections and COVID-19. Advertisement The administration appealed a lower […]
Apple in talks to let Google’s Gemini power iPhone AI features, Bloomberg News says
March 18, 2024 – 8:06 AM PDT (Reuters) – Apple (AAPL.O) is in talks to build Google’s Gemini artificial intelligence engine into the iPhone, Bloomberg News reported on Monday, citing people familiar with the situation. Advertisement The negotiations are about licensing Gemini for some new features coming to the iPhone software this year, the report said, […]
Nvidia AI developer conference kicks off with new chips in focus
March 18, 2024 – 3:48 AM PDT SAN JOSE (Reuters) – Artificial intelligence semiconductor powerhouse Nvidia (NVDA.O) kicks off its annual developer conference on Monday, with investors focused on new chip announcements from Chief Executive Jensen Huang in an afternoon keynote address. Advertisement Nvidia’s new chip and software announcements at GTC 2024 will help determine whether Nvidia […]
TikTok advertisers will look to rivals if US Senate moves ahead on ban
March 15, 2024 – 3:03 AM PDT A person arrives at the offices of Tik Tok after the U.S. House of Representatives overwhelmingly passed a bill that would give TikTok’s Chinese owner ByteDance about six months to divest the U.S. assets of the short-video app or face a ban, in Culver City, California, U.S., March […]