The Week Ahead: Markets Eye Apple, Meta, Amazon Results Plus PCE and NFP Data – FXEmpire
WeeklyAmazon.com, Inc. Amazon.com (AMZN): EPS $1.36, revenues of $155.1 billion. Please note the commentary on supply chain costs under the new global tariffs. Apple (AAPL): EPS $1.61, revenue forecast of $94.1 billion. Find Q2 strength from quick iPhone shipments and preferred FX movements. Over 60% of the S&P 500 reported revenue by May 2, which […]
Zuckerberg’s Trillion-Dollar Meta Empire Sits On Razor’s Edge As Antitrust Case Rolls On
The Federal Trade Commission (FTC) last week opened a federal anti-trust assault that threatened to rip off Mark Zuckerberg’s sign empire. Trial Cap is a legal battle for nearly five years over regulatory authorities Claim That meta crushed the competition and illegally established social media hegemony by acquiring Instagram and WhatsApp over a decade ago. […]
Apple, Meta fined for breaking EU antitrust rules
Facebook and Instagram parent companies Apple and Meta were fined together on Tuesday for breaking antitrust rules in the European Union’s digital market. The European Commission violated the Digital Markets Act (DMA) by fines Apple 500 million euros, or about $570 million, and blocking app developers from customers to alternatives other than the iPhone’s App […]
Apple and Meta hit with massive fines for violating EU law
Apple and Meta were each slapped with hundreds of millions of dollars on Wednesday for violating the European Union’s new competition law aimed at suppressing the power of major technologies. EU antitrust regulators fined Apple $570 million to prevent app makers from pointing out users at cheaper options outside the App Store. Meanwhile, Meta was […]
Meta Oversight Board calls on company to investigate how content moderation changes could impact human rights
The Meta Oversight Board is asking the company to assess how recent changes to its content moderation policy affect the human rights of some users, including users from the LGBTQ community. The Oversight Committee issued 11 case decisions on Wednesday, marking the first case taking into account changes to policy and enforcement announced by Facebook […]
Star-Studded Sponsors: Meta, Amazon, and YouTube Join Forces for White House Easter Egg Roll!
This year’s Easter Egg Roll at the White House’s South Lawn will include activities backed by leading companies like Amazon, Meta, and YouTube. Amazon will support the reading corner for attendees, while Meta is set to provide AI-driven experiences and photography spots along with YouTube’s Bunny Hop Stage. In Friday’s announcement. Children at the event […]
Iran Ties with MTN, Chaired by South Africa’s New Envoy, Could Hurt Meta, Other Firms
Iranian ties from MTN, a telecommunications company chaired by a new envoy to the US in South Africa, could have a reputational impact on meta and other companies as MTN is under scrutiny. Recently appointed in place of ejected ambassador Ebrahim Lasor, Jonas is a former finance minister considered to be one of the few […]
Mark Zuckerberg testifies TikTok was ‘highly urgent’ threat to Meta
Mark Zuckerberg testified that China-owned Tiktok is a threat to “very urgent” competition against Meta. He tried to derail the FTC bid to disband Facebook and Instagram owners at Washington’s groundbreaking antitrust trial. Zuckerberg testified for the third day in a row in the incident on Wednesday, but tried to bolster meta’s argument that it […]
Zuckerberg underscores TikTok competition as Meta fights monopoly allegations
Meta CEO Mark Zuckerberg on Wednesday highlighted the social media company facing tough competition with Tiktok. Zuckerberg, who spent three days in the stands, said he has been thinking of Tiktok as the “best competitive threat” on Facebook and Instagram over the past few years. Meta’s lead lawyer Mark Hansen pointed to a 2020 email […]
Mark Zuckerberg Testifies in FTC Meta Monopoly Case, Revisits Instagram Acquisition
Meta CEO Mark Zuckerberg stood in federal court on Monday defending the company against FTC’s allegations that it acquired Instagram and WhatsApp and created a social media monopoly. Bloomberg Report Meta CEO Mark Zuckerberg faced questions from the FTC regarding the company’s acquisition of Instagram in 2012, on the first day of a long and […]