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.

Platform News: Search engine Google

Google launches fresh appeal to overturn $2.8 billion fine at top EU court

Google is filing an appeal at the European Union’s top court against an earlier decision to uphold a $2.8 billion antitrust fine, a spokesperson for the Alphabet unit said la...

Amy Klobachur

US bill targeting Big Tech approved by Senate panel despite hefty lobbying

The US Senate Judiciary Committee has approved a bill that would bar tech giants like Amazon.com from giving preference to their own businesses on their websites, despite hefty lob...

Platform Industry: Microsoft logo

Microsoft faces challenge cleaning up Activision Blizzard’s culture

The success of Microsoft’s biggest deal ever rides on rehabilitating Activision Blizzard’s culture, Microsoft Chief Executive Satya Nadella declared after announcing the $69 billio...

Platform News: Telegram, the popular messaging app from Russia

Brazil electoral court could ban Telegram app for not fighting fake news

Brazil’s top electoral authority, the TSE, is considering whether to ban the messaging app Telegram during the run-up to October elections because it has not responded to req...

Platform News: Google

Google aims to improve spotty enforcement of children’s ads policy

Google said this week it would immediately improve enforcement of an age-sensitive ad policy after journalists found ads for adult toys, liquor and high-risk investments in its sea...

Platform Industry: Amazon corporate logo on a wall

Amazon to open fashion store where algorithms suggest what to try on

Amazon.com Inc’s recipe for the department store of the future includes algorithmic recommendations and what one corporate director called “a magic closet” in the...

White House

White House meets SME’s to discuss competition in tech sector

White House officials met with small and mid-sized companies to discuss competition issues in the tech sector, as momentum grows in the US Congress to rein in large technology comp...

Deliveroo

Deliveroo reports 36% rise in gross value of Q4 orders

Food delivery company Deliveroo said the gross transaction value (GTV) of orders on its platform rose 36% year-on-year in the fourth quarter, resulting in it hitting the top of its...

Afterpay

Afterpay’s meteoric rise as a lending pioneer

Block Inc, formerly Square Inc, is set to complete its acquisition of buy now, pay later (BNPL) company Afterpay Ltd by Feb. 1, one of the biggest takeovers in Australian history.

Chinese Flag

China cyberspace regulator drafts new rules for internet behemoths

China’s cyberspace regulator has drafted new guidelines that will require the country’s internet behemoths to obtain its approval before they undertake any investments ...

Microsoft Corp

Microsoft to gobble up Activision in $69 billion metaverse bet

Microsoft Corp is buying “Call of Duty” maker Activision Blizzard for $68.7 billion in the biggest gaming industry deal in history as global technology giants stake the...

Platform Industry News: Sony Corp logo on building

Analysis: Sony faces deep-pocketed rivals in war over future of gaming

Sony Group, perched atop the gaming sector, is facing a fresh challenge from cash-rich rivals betting on a next-generation online video game boom as the Japanese conglomerate eyes ...

Platform industry news: Oracle Corp

Oracle opens data centre to provide cloud services across Africa

Oracle opened a data centre in South Africa to provide local cloud services across Africa for the first time, joining the likes of Microsoft and Amazon in setting up facilities in ...

Platform News: Bitcoin and the rise of cryptocurrencies

Bitcoin investors dig in for long haul in ‘staggering’ shift

As bitcoin heads into 2022, a growing cohort of long-term investors is doubling down on its stashes of the cryptocurrency, hoping a December dip was merely a festive blip.

Platform Industry: Bitcoin and digital currencies

Spain moves to rein in crypto-asset advertising

Spain has moved to regulate rampant advertising of crypto assets, including by social media influencers, tasking the stock market supervisor with authorising mass campaigns and mak...