OECD: Ireland snubs global tax deal July 2, 2021 Ireland refused to sign a major agreement to overhaul the global corporation tax regime on Thursday. 130 countries and jurisdictions agreed to the deal brokered by the Organisation for Economic Cooperation and Development, which paves the way for sweeping international changes. The new regime will see a global tax for 100 of the world’s largest [...]
Screenshot: Who will win the summer TV ratings war? July 2, 2021 This week **Media Moment of the Week: Rob Beckett’s Wembley wisdom **Who will win the summer TV ratings war? **Kantar’s boardroom carousel Media Moment of the Week: Rob Beckett’s Wembley wisdom We all had a great time on Tuesday, didn’t we, but arguably no one had a better time than Rob Beckett. Fortunately, the comedian [...]
Watch: Facebook’s value hits $1 trillion for the first time June 30, 2021 The value of social media giant Facebook has soared to over $1 trillion. Why? A US judge dismissed federal and state antitrust complaints against Facebook that sought to force the social media company to sell Instagram and WhatsApp, saying the federal complaint was “legally insufficient.” Watch the full report.
Facebook’s value tops $1 trillion after judge throws out US lawsuits June 29, 2021 Facebook last night joined an exclusive club of companies worth more than $1 trillion after a US judge dismissed two antitrust lawsuits brought against the social media company. A federal judge ruled that the legal challenges, which were brought by the Federal Trade Commission (FTC) and a coalition of states, were “legally insufficient” and did [...]
Instagram tests desktop feature in professional push June 25, 2021 Instagram is testing a new feature that will allow users to upload posts from their desktops in an effort to woo professional photographers and influencers. The Facebook-owned app, which was founded in 2010, has long resisted developing a web version of its app as the platform is designed for mobile users to post photos on [...]
Lina Khan: How America’s answer to Margrethe Vestager plans to take on Big Tech June 16, 2021 Since taking over as European Commissioner for Competition in 2014, Margrethe Vestager has made her mission clear: to crack down on the ballooning power of Big Tech. The ruthless competition czar has undoubtedly delivered on those ambitions, handing down high-profile fines running into the tens of billions of euros against the likes of Facebook, Apple, [...]
Facebook hit with double data crackdown as UK and EU open competition probes June 4, 2021 Facebook is facing a two-pronged attack after UK and EU regulators both opened investigations into alleged monopolistic behaviour in the tech giant’s use of advertising data. The Competition and Markets Authority (CMA) will examine whether the social media platform has gained an unfair advantage over rivals through how it gathers and uses data for classified [...]
EU set to open antitrust probe into Facebook’s classified ads business May 26, 2021 The EU is said to be on the brink of opening a formal antitrust investigation into Facebook following complaints from rivals about the platform’s classified ads business. Regulators have already sent questions to Facebook and its competitors asking whether the social media site distorted the classified ads market by promoting its Marketplace services for free [...]
Instagram for kids: Boss defends plans for new under-13s app May 26, 2021 The boss of Instagram has defended his company’s plans to develop a new version of the app for under-13s, saying it could help protect children from online harms. Earlier this year it emerged Facebook was working on a spin-off version of the popular photo-sharing app targeting a younger demographic. Currently the platform does not allow [...]
Facebook and Google lobby UK to block Paul Dacre as Ofcom chair May 25, 2021 Facebook and Google are said to have ramped up their lobbying of the UK government amid fears Paul Dacre could be appointed as the next chair of Ofcom. Dacre, the former editor of Daily Mail, has been tipped as the frontrunner to lead the UK’s media watchdog. He is one of four final candidates set [...]