Starmer says Tories are ‘dragging feet’ in making platforms pay for news November 1, 2022 Sir Keir Starmer has backed calls to make social media platforms pay for news content, accusing the government of dragging its feet on the matter. Writing for campaign group Journalism Matters, the leader of the opposition said that big tech’s dominance of the online advertising space is to the detriment of consumers, other rivals and [...]
Tech giants plunge in value after weak earnings October 29, 2022 US tech giants have had more than $250bn wiped off their value in the past week as investors fled in the wake of a weak set of quarterly earnings and warnings of an advertising slowdown.
Google and Microsoft drag tech stocks both sides of the Atlantic October 26, 2022 Disappointing results from both Google owner Alphabet and Microsoft have dragged down tech shares both sides of the Atlantic. Nasdaq was down two per cent at the opening bell, whilst European tech stocks fell 1.8 per cent to lead sectoral losses. It comes after Alphabet said third-quarter revenue grew six per cent to $69.1bn, raising [...]
Former Google boss says regulation must focus on choice rather than tech interference October 24, 2022 Former Google ads boss said the government needs do more to restrict market dominance, but shouldn’t interfere too much with how the tech ecosystem actually works. Speaking with CityAM, former Silicon Valley exec turned search-engine startup founder Sridhar Ramaswamy said that regulators need to find a balance between keeping behemoths like Apple and Google [...]
Google searches for inflation surge by 1000 per cent and overtake Coronavirus October 24, 2022 Google searches for inflation have now overtaken people concerned by Coronavirus. Between July and October of this year, searches for inflation have surged by more than 1000 per cent compared to last year. This comes as the UK, US and large parts of Europe are gripped by soaring energy and food prices due in part [...]
YouTube bets on personalisation as the online video giant copies Twitter handles October 21, 2022 Youtube said it would be introducing handles in the coming weeks to make it easier for members of the community to find and connect with each other. In an announcement today, the Google-owned video site said handles will be unique to each channel and will be how people mention each other in comments, community posts, [...]
Ofcom widens net for Big Tech probe September 22, 2022 Ofcom will be widening the scope of its probe into Big Tech, digging into competition concerns surrounding the cloud services space. The media regulator said this morning that it would launch a market study into the sector to ensure that markets are working well for people and businesses in the UK. Cloud services have exploded [...]
EU upholds record fine against Google over Android forcing it to cough up £3.5bn September 14, 2022 The EU has largely upheld its record antitrust fine against Google this morning, marking a major blow for the tech giant.
Google gears up for £20bn ‘ad tech’ claim that it pushes revenues away from newspapers September 13, 2022 Google is being sued for up to €25bn (£21.6bn) over claims it has deprived other sites from obtaining billions of pounds in advertising revenues. The class action complaints from both UK and the Netherlands argue that the Silicon Valley giant used its advertising tech to unfairly sideline publishers, like newspapers, magazine and blogs. The main [...]
Google heads to court over billion pound competition row for Play Store September 1, 2022 Google will have to defend itself at trial over a £1bn consumer claim about Play Store, a competition judge has decided. A Competition Appeal Tribunal ruling this week found that consumer champion Liz Coll is authorised to bring an opt-out collective claim against the tech giant for alleged competition infringements. The Tribunal said that the size of the class allegedly harmed was [...]