The EU’s General Court on Friday dismissed an appeal by ByteDance’s TikTok against the “gatekeeper” status under the Digital Markets Act (DMA), an EU law that brings in tougher rules for tech companies.
Amazon.com was sued in a proposed U.S. class action accusing the online retailer of violating a consumer protection law by steering hundreds of millions of shoppers to higher-priced items in order to earn extra fees.
Pinterest dropped over 10% on Friday after its first-quarter revenue forecast came in a touch below investor expectations, in a sign that smaller social media platforms could be losing the battle to bigger players for ad dollars.
Nvidia is building a new business unit focused on designing bespoke chips for cloud computing firms and others, including advanced artificial intelligence processors, according to nine sources familiar with the company’s plans.
The Biden administration expects to invest more than $5 billion from the CHIPS and Science Act in semiconductor-related research and development, including in the National Semiconductor Technology Center, the White House said in a statement on Friday.
Swedish streaming group Viaplay has completed a recapitalisation totalling 4 billion crowns ($381.7 million), it said on Friday, resulting in Canal Plus and the Czech Republic’s PPF increasing their Viaplay stakes.