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 China Relations

US charges seven in wide-ranging Chinese hacking effort

The US Justice Department has stated that it has charged five Chinese residents and two Malaysian businessmen in an extensive hacking effort which encompassed targets from video ga...

Joe Biden

Twitter labels video of Biden shared by Trump as ‘manipulated media’

Twitter has again labelled a tweet shared by US President Donald Trump as manipulated media. This time the tweet related to presidential rival Joe Biden.

nvidia chipmaker

China state media outlet calls Nvidia’s Arm purchase ‘disturbing’

An op-ed in China’s state-backed Global Times news outlet has said US chipmaker Nvidia’s proposed acquisition of Arm Ltd from Japan’s SoftBank Group Corp was R...

Spotify

Spotify shares falls after Apple launches new services bundle

Shares of streaming giant Spotify fell as much as 7% on Wednesday, following Apple’s announcement of a bundled strategy for many of its services that reduced the price of App...

Streaming

Sweden’s NENT expects over 700,000 new Viaplay subscribers this year

Nordic Entertainment Group (NENT) has raised its target for its streaming service Viaplay to over 700,000 new paying subscribers this past year, since viewers have continued to inc...

European Commission

Upgrade for EU antitrust rules, more funds for digital projects

The European Commission will revise its own antitrust principles to keep up with global changes and invest a fifth of its 750-billion-euro (approximately $890 billion) coronavirus ...

Federal Communications Commission

President Trump plans to nominate official for FCC amid social media push

President Trump, pressing for new social networking regulations, intends to nominate a senior government official for a member of the Federal Communications Commission (FCC), the W...

Amazon

Amazon UK pays just $8 million corporation tax as sales hit $17.5 billion

Amazon.com’s main UK subsidiary, Amazon UK Services Ltd, paid only 6.3 million pounds (approximately $8 million) in corporation tax in 2019 despite the group reporting over $...

Google

Google grilled on its advertising business dominance by US Senate

Google faced a number of tough questions about its advertising business in a Senate hearing on Tuesday, with a specific focus on whether it misused its dominance in online advertis...

Apple

Apple rolls out virtual fitness service, subscription bundle, catering to pandemic work-from-home

Apple rolled out a brand new virtual fitness service and a bundle of all its subscribers, Apple One, focusing a holiday-season product launch on solutions that are the backbone of ...

TikTok US

US offers to exempt employees and contractors from TikTok executive order

The US has offered to exclude from President Trump’s executive order transactions that involve TikTok workers and contractors performing”their regular job duties and re...

Uber Technologies

Uber says it is fit and proper in battle to win back London licence

Ride-hailing leader Uber Technologies have told a London court it had addressed concerns over safety as it struggles to win back its operating licence in a few of its main markets,...

NBCUniversal Comcast

Comcast says Peacock streaming service has over 15 million sign-ups

Comcast said on Tuesday its recently established streaming agency Peacock has over 15 million sign-ups because its launching, a growth rate of some 50% since July 30, the last time...

ByteDance

ByteDance’s Douyin hits 600 million daily users

Douyin, the Chinese version of short-video app TikTok, reach 600 million daily active users in August, an executive with parent company ByteDance stated, a massive 50% increase sin...