Big Tech

Meta and Amazon on Thursday blew through expectations in their latest quarterly results as Big Tech continued to impress Wall Street.

Meta, the tech titan behind Facebook and Instagram, reported a profit of $14 billion in the final three months of last year, beating analyst forecasts as revenue climbed to $40.1 billion in the quarter.

Microsoft joined Apple on Jan. 24 as a $3 trillion company, as its big bet on artificial intelligence continued to impress Wall Street.

Now second to Apple as the world's biggest company by market capitalization, Microsoft's shares were up 1.31 percent at $404.

China on Friday announced new plans to restrict the online gaming industry, sending shares in tech giants including Tencent tumbling and wiping tens of billions of dollars off their value.

New draft restrictions published online by the regulator are aimed at limiting in-game purchases and compulsive playing behaviour.

Big Tech, Big Fines

The European Union yesterday unveiled a list of digital giants, including Apple, Facebook owner Meta and TikTok parent ByteDance, that will face tough new curbs on how they do business, but the move could trigger a wave of legal battles.

The European Union announced yesterday that it opened a formal antitrust investigation targeting Microsoft into the software company's Teams messaging and videoconferencing app over concerns that its bundling with its Office productivity software suites gives it an unfair edge over competitors.

Facebook parent company Meta Platforms has built an artificial intelligence system that rivals the likes of ChatGPT and Google's Bard but it's taking a different approach: releasing it for free.

US tech giant Apple will have to offer Slovenian among its operating system language choices if it wants to continue selling its devices here under a proposed new law that mandates all manufacturers of electronic consumer devices offer the local language.

The European Union has finalized new legislation to require Big Tech to remove harmful content, the bloc's latest move to rein in the world's online giants.

Meta appeals to Court of Appeals over “extremist activity” ban – WhatsApp is the only service operating in Russia