Historic Antitrust Probe: US Lawmakers Blame Big Tech CEOs for Quashing Rivals in Marathon Hearing

The chairman of the U.S. House of Representatives antitrust panel holding the hearing said afterwards that the four CEOs had acknowledged concerning behaviour.

from Top Tech News- News18.com https://ift.tt/33boHBM

Comments

Post a Comment

Popular posts from this blog

India tops Snapchat’s Digital Well-Being Index, 60% of parents check if their kids are safe online

In an era where online safety is paramount, especially for young users, Snap Inc. has released its second edition of the Digital Well-Being Index (DWBI), shedding light on the psychological well-being of Gen Z online. The report, which surveyed 9,100 respondents across Australia, the UK, the US, France, Germany, and India, underscores India’s leading position for the second consecutive year. The report also suggests that at least 60 per cent of Indian parents are well aware of online safety issues and routinely check in on their children and their online activities. According to the DWBI findings, India secured an impressive overall score of 67, with a notable emphasis on parent-child engagement in online safety practices. Over 82 per cent of Indian parents turn to their teenage children for technical assistance, reflecting a strong bond and open communication channels within families. Moreover, 60 per cent of Indian teens actively seek guidance from their parents when confronted wit...
Read more

Nokia's Titanic Fall: Manufacturer HMD decides to drop iconic branding from upcoming devices

HMD Global, the exclusive licensee of Nokia-branded phones for the past eight years, announced on Thursday its decision to discontinue the use of the iconic Nokia name in future releases, marking the end of a Finnish startup’s experiment to reintroduce the beloved phone brand to new consumers. In September, HMD Global introduced a distinctive HMD brand. During the launch, the company announced plans to unveil a fresh lineup of HMD-branded mobile devices, alongside Nokia devices, and to establish collaborations with new partners for upcoming device releases. Recently, the company has officially transitioned its social media handles and website from Nokia Mobile to HMD. While still actively selling Nokia phones, tablets, and accessories, HMD will maintain ongoing support. However, it is anticipated that the company will not introduce any new phones under the Nokia brand in the future. With HMD Global steering towards an independent path, Nokia finds itself alongside BlackBerry and Pal...
Read more

32,000 employees already laid off in 2024, tech companies to terminate more, warn experts

The tech sector has kicked off 2024 with another round of job reductions, further scaling back following widespread layoffs in the preceding year. According to Layoffs.fyi, a startup monitoring industry job cuts since the onset of the pandemic, approximately 32,000 tech professionals have been displaced so far this year. Founder of Layoffs.fyi, Roger Lee, explained that tech firms are still adjusting their workforce sizes in response to over-hiring during the pandemic surge, exacerbated by prolonged economic challenges and a downturn in the tech sector. Lee identified two primary waves of job cuts: the initial spike coinciding with the early stages of the Covid-19 pandemic, and a subsequent trend beginning in the second quarter of 2022, influenced by rising interest rates. While this year’s layoffs are characterised as more targeted and smaller in scale compared to those of the previous year, economic factors remain the driving force behind these decisions. Additionally, companies ar...
Read more