Latest Platform News
Read the latest platform economy news and important industry commentary from the editorial team at Platform Executive and our global content partners, including Thomson Reuters.
US senator wants to ban ‘Big Tech’ from buying anything ever again
GOP Senator Josh Hawley, who has been a staunch critic of Big Tech over the past few years has introduced a bill that would ban all mergers and acquisitions by any company with a m...
Some investors lukewarm on China’s Ant Group if revived after revamp
China’s regulatory-imposed revamp of Ant Group, transforming the hot fintech into a financial holding company, appears to have dented some investor appetite for any plans to ...
Just Eat Takeaway says first-quarter orders up 79% to 200 million
Food ordering and delivery company Just Eat Takeaway.com said has said its first-quarter orders rose by 79% to 200 million orders from 112 million a year earlier.
Chinese tech start-ups pull IPO plans as Beijing tightens scrutiny
A growing number of Chinese tech start-ups are cancelling plans to list on Nasdaq-style markets at home with some eyeing Hong Kong share sales instead, as regulators tighten scruti...
China fines Alibaba record $2.75 billion for anti-monopoly violations
China has slapped an 18 billion yuan (approximately $2.75 billion) fine on Alibaba Group, after an anti-monopoly probe found the e-commerce giant had abused its dominant market pos...
Facebook axes 16,000 groups for trading fake reviews
Social media company Facebook has removed 16,000 groups for selling or buying fake reviews of products and services on its platforms, after the UK’s competition watchdog inte...
LinkedIn says some user data scraped and posted for sale
Some LinkedIn data, including publicly viewable member profile, has been scraped and posted for sale, Microsoft Corp’s professional networking site said based on an investiga...
Didi Chuxing picks Goldman and Morgan Stanley for its US IPO
China’s top ride-hailing firm Didi Chuxing has mandated Goldman Sachs and Morgan Stanley to lead its blockbuster IPO and plans to file confidentially for the New York float t...
Microsoft in talks to buy AI firm Nuance Communications for $16 billion
Microsoft Corp is in advanced talks to buy artificial intelligence and speech technology company Nuance Communications for about $16 billion, according to a source familiar with th...
Amazon’s vote win highlights the issues facing the US labour movement
Amazon’s fierce resistance to unionization, along with a general scepticism among workers that organizing could get them a better deal both contributed to the apparently lops...
China’s antitrust regulator bulking up as crackdown on behemoths widens
China’s competition watchdog is adding staff and other resources as it ramps up efforts to crack down on anti-competitive behaviour, especially among the country’s powe...
Amazon union drive losing by wide margin with nearly half the votes counted
Amazon.com Inc warehouse employees in Alabama were on track to reject unionization by a 2-1 margin with almost half the votes counted in an election seen as a potential turning poi...
US adds Chinese supercomputing entities to economic blacklist
The US Commerce Department has announced that it is adding seven Chinese supercomputing entities to a US economic blacklist for assisting Chinese military efforts.
KKR invests $500 million in cloud storage firm Box
Box Inc has said private equity giant KKR & Co Inc would lead a $500 million investment in the company and get a board seat, marking an end to the cloud services provider’...