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.

NuBank

Platform stampede as investors hunt Latin American unicorns

When Sebastian Kanovich co-founded Latin American digital payments start-up dLocal in Montevideo in 2016, he struggled to get global retailers to take him seriously.

Platform News: Google

Google halves Play Store fees for subscription apps

Google has said it is lowering the fee that subscription-based apps need to pay Play Store to 15% right from day one, following criticism about its fee structure from companies suc...

Platform Industry: President Donald J Trump comments

Trump’s social media deal ignites 350% gain in SPAC’s shares

Former US President Donald J Trump’s deal to create a social media app after Twitter and Facebook barred him won an exuberant endorsement from investors, with shares in a she...

FTC: Federal Trade Commission

FTC Chair: Internet providers collect ‘staggering’ amounts of data

Internet service providers collect a “staggering” amount of detailed data on consumers, Federal Trade Commission Chair Lina Khan said in discussing an agency staff repo...

Platform News: Snap Inc

Snap shares plunge 25% as Apple privacy changes hit ads business

Shares of Snap Inc plummeted 25% after the owner of photo messaging app Snapchat said privacy changes implemented by Apple Inc on iOS devices hurt the company’s ability to ta...

Platform News: Tech Titans including Facebook, Google, Amazon and Apple

US consumer watchdog to query tech giants over financial data

The US consumer watchdog is expected this week to query tech giants including Facebook, Amazon and Google on how they handle consumer financial data as part of a broader effort to ...

Platform News: YouTube video streaming on a desktop computer

South Korea: An army of retail investors flocks to YouTube

Millions of South Koreans have jumped into stock market trading over the past year with their enthusiasm feeding off a new market force – popular investment channels on YouTu...

FinTech player, PayPal

Sources: PayPal in $45 billion bid for Pinterest

PayPal has offered to buy Pinterest for some $45 billion, people familiar with the matter have suggested, a combination that could herald more financial technology and social media...

Platform News: Social media titan, Facebook

Changing Facebook’s name unlikely to deter lawmaker or regulatory scrutiny

Renaming Facebook Inc is unlikely to enable the tech giant to distance itself from regulatory and public scrutiny around the potential harms caused by its social media apps, market...

Joe Biden

Biden admin seeks corporate America’s help tracking cyber criminals

US Deputy Attorney General Lisa Monaco has a message for corporate America: The US Justice Department needs its help in order to take down cyber criminals.

Platform News: Facebook

UK fines Facebook $70 million for breaching order in Giphy deal

Britain’s competition regulator has fined Facebook GBP 50.5 million (approximately $69.6 million) for breaching an order imposed during its investigation into the social medi...

Netflix streaming platform

Protesters denounce Netflix over Chappelle transgender comments

About 100 people protested near Netflix Inc’s headquarters against the streaming pioneer’s decision to release comedian Dave Chappelle’s new special, which they say ridicules...

Platform News: Jack Ma, the founder of Alibaba

Jack Ma spotted in Mallorca in rare trip abroad after China scrutiny

Alibaba Group founder Jack Ma was on the Spanish island of Mallorca where his luxury yacht is anchored, two Spanish newspapers have said, on his first known trip abroad since he fe...

Enter the Zuckerverse? Social media churns with new names for Facebook

Zuckerverse. Timesuck. Faceplant. They’re just a few of the suggestions being bandied around online following reports that Facebook plans to rebrand itself with a new group n...