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.
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...
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...
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...
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...
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...
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 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 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’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.
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 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...
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 ...
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 ...
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.
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...