• Fri. Jun 21st ,2024


Google facing a second multi-state lawsuit for its Play Store fees

A consortium of 37 state attorneys general have reportedly filed a second extensive multi-state antitrust lawsuit against Silicon Valley giant, Google, accusing the firm of misusing its market dominance to hinder competitors and forcing users towards in-app payments that give the firm a large cut.

Amsterdam payments firm Mollie raises $800M, reaches $6.5B valuation

Dutch payments startup, Mollie, which helps enterprises integrate payments into sites, documents, and other services through an API, has reportedly raised $800 million in an equity funding round. Sources have confirmed that this funding has taken the company’s valuation to $6.5 billion. The i

EU to formally investigate Google’s digital advertising business

Reportedly, Google may face its biggest regulatory risk as EU antitrust regulators are looking to begin a formal investigation into the tech giant’s booming digital advertising business by year end. The probe would mark a new front by the watchdog against Google. Previously, the EU competitio

Bipartisan Senate bill introduced to establish US-Israel AI R&D center

A new Senate bill has reportedly been introduced to establish a ‘US-Israel Artificial Intelligence (AI) Research and Development Center’ in efforts to promote bilateral cooperation in AI and support the advancement of the critical field. US Senators Marsha Blackburn (R-TN), Maria Cantwe

Internet, Big Tech to face major changes under US antitrust proposal

The antitrust overhaul package uncovered in U.S. congress aiming at Big Tech, if implemented, could have vast impacts on the way people use the Internet and on Americas largest and most successful firms, reportedly. The five bills, which are up for a committee vote on Wednesday, may lead to the res

PUBG parent Krafton aims at $5 billion in S Korea's biggest IPO

Krafton Inc, a South Korean game production company, is reportedly aiming to raise up to 5.6 trillion ($5 billion) in a forthcoming initial public offering on the Korea Exchange, which is expected to establish a record as the largest market debut in the country. The prospectus, which was submitted t

Sun Pharma, Ferring Pharma ink license deal to launch Caritec in India

Indian multinational pharma major Sun Pharmaceutical Industries Ltd. has reportedly signed a licensing contract with Switzerland-based Ferring Pharmaceuticals to introduce obstetric drug, Caritec in India. Caritec is an RTS (Room Temperature Stable) formulation of obstetric drug which is used for p

Samsung and Spark collaborate to establish 5G network in New Zealand

Spark New Zealand and Samsung Electronics have reportedly teamed up to release 5G network in Christchurch which is the most populated city in South Island of New Zealand. Sources have confirmed that this launch comes as a part of Spark’s national rollout of 5G, which commenced in September 201

Robinhood faces lawsuits after restricting GameStop stock trading

Dozens of lawsuits have reportedly been filed against stock-trading and investing app, Robinhood, following its decision to restrict several stocks that enjoy a popularity on the r/WallStreetBets subreddit. The organization has been sued in the federal court by at least 30 parties spread across 10 s