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4 tech giants to defend the size of their companies before Congress

6 mins read

The FINANCIAL — Jeff Bezos of Amazon, Tim Cook of Apple, Mark Zuckerberg of Facebook and Sundar Pichai of Google — will appear together before Congress for the first time to justify their business practices. The hearing is supposed to inform lawmakers’ efforts to rethink federal antitrust laws, perhaps making it easier for the federal government…

Google employees to work from home until summer of 2021

5 mins read

The FINANCIAL — Google became the first huge U.S. company to commit to the year-long work from home plan. Google previously said that the most employees would be working from home through the end of the year, but today it was announced that the company extended the remote work policy until the next summer. Many tech companies…

Google, Amazon, Apple & other tech companies participated in a teleconference with White House

4 mins read

The FINANCIAL — Amazon, Apple, Facebook, Google, IBM, Microsoft, Twitter, and other tech companies participated in teleconference planned by White House. U.S. Chief Technology Officer Michael Kratsios led the call. White House officials urged the tech industry to coordinate its efforts to stop the spread of coronavirus conspiracy theories on major social media sites. White…

Facebook will provide WHO with free ads

4 mins read

The FINANCIAL — Facebook will provide free advertisements to the World Health Organization in an effort to prevent the spread of the misinformation about the coronavirus. Facebook is one of multiple tech companies extending free services in response to the virus. Also, company will remove false claims and conspiracy theories Facebook said would let the…

The World Health Organization joined TikTok to eliminate misinformation

5 mins read

The FINANCIAL — The World Health Organization joined popular video platform TikTok on Friday to share reliable information regarding the coronavirus outbreak and to cut through coronavirus misinformation online. WHO and the Centers for Disease Control and Prevention are fighting misinformation regarding the virus on platforms like Facebook, Twitter, Tencent, and TikTok. The World Health…

Amazon removed 1 million fake coronavirus cures and overpriced products

5 mins read

The FINANCIAL — The online retail giant removed more than 1 million fake and overpriced coronavirus listings from its online marketplace in an effort to stop sellers from profiting off fear. Facebook said it has banned misleading ads on coronavirus this week while Google has helped to promote official information from the WHO. Some Amazon sellers…

Antitrust: Commission fines Google €1.49 billion

5 mins read

The FINANCIAL -- The European Commission has fined Google €1.49 billion for breaching EU antitrust rules. Google has abused its market dominance by imposing a number of restrictive clauses in contracts with third-party websites which prevented Google's rivals from placing their search adverts on these websites.…

Google gives raises after finding out it was underpaying men

2 mins read

The FINANCIAL -- Google has given pay raises to thousands of staffers after finding that it was underpaying some men when compared to women.…

Google, other tech giants lose out in Europe’s copyright revamp

1 min read

The FINANCIAL -- European institutions struck a deal Wednesday on new copyright rules for the first time in almost two decades, after years of intense lobbying by European publishers, cultural industries, major tech companies and digital rights activists.…