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Big Tech Compliance Tracker: Facebook Backs Data Portability Law, Amazon Considers Registering Services As Separate Entities In India

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The social media firm purportedly contravened an Illinois state law via a “Tag Suggestions” functionality that enabled users to identify their friends from photos put on the platform in the past. Facebook Calls Out Apple For 30 Pct Commission on In-App Purchases. News Companies Ask for Better Terms on Apple’s App Store.

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Twitter Accounts Of Bezos, Buffett, Musk And Others Apparently Victims Of ATO Crypto Scam

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High-profile Twitter accounts, including those of Amazon CEO Jeff Bezos , Berkshire Hathaway Chairman Warren Buffett , Tesla CEO Elon Musk and others, were taken over in a wave of hackings on Wednesday (July 15), according to CNBC. That tweet was deleted moments later, and a second one appeared right after that, which was also deleted.

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Apple Cuts Prices Of iPhones In China

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Suffering from lackluster demand in China, Apple has taken the step to slash prices by close to 6 percent in the country. Apple blamed its fourth-quarter revenue shortfall on its China business, with CEO Tim Cook saying at the time the shortfall was 100 percent due to iPhone sales, largely in China.

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Apple Sales In China Could Suffer Due To Weaker Demand

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Apple consensus estimates may decrease due to the possibility of weaker demand from China, said Jim Suva, a director and senior analyst at Citi, according to reports. Shares in Apple dropped 0.3 In April , Apple cut prices of its products by nearly 6 percent in China due to lesser demand. percent pre-market to $200.90.

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Apple iPhone Launch Pushes Market Cap Past $1T Again

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Apple has reached a rare milestone for a second time. Apple crossed the $1 trillion mark in August of last year, but dropped due to slow iPhone sales in China. Apple crossed the $1 trillion mark in August of last year, but dropped due to slow iPhone sales in China. 11) trading and gave the company a capitalization of $1.01

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Today In Payments: Google Reports Resurgence In Pandemic Hacking; Tech Cos Make M&A Deals

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Google’s security experts had their hands full in April, as its Threat Analysis Group (TAG) emailed 1,755 warnings to users whose accounts were targets of hacking and phishing attempts by cybercriminals. Tech Cos Making M&A Deals Amid Pandemic. ” Amid Pandemic, Firms Look to Negotiate Debt Covenants.

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Bird Announces Acquisition Of Scoot

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“We are thrilled to welcome Scoot to the Bird ecosystem, and look forward to working with the Scoot team as we further scale our complementary missions — to replace car trips with micro-mobility options for all,” said Travis VanderZanden, founder and CEO of Bird, in a press release.