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Top EU official denies softer approach to Big Tech, cites ‘very clear legal basis’ for regulation
A leading EU official has denied taking a softer approach to Big Tech, citing a “very clear legal basis” for regulators and pointing to several ongoing investigations into the likes of social media platform X and Meta. The FT reported earlier this week that the EU was reassessing investigations into Apple, Google and Meta — […]
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CNBC Daily Open: China’s GDP meets official target, Apple has worst day in months
The sign of the 7th China International Import Expo is seen with the skyline of the Lujiazui Financial District in the background on Nov. 2, 2024, in Shanghai, China. VCG | Visual China Group | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up […]
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CNBC Daily Open: Apple’s fall overshadows positive bank earnings
An Apple Store in the Jiefangbei commercial district, adorned with a golden apple and snake motif to celebrate the Chinese Year of the Snake, on Jan. 14, 2025 in Chongqing, China. Cheng Xin | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open […]
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Top Supreme Court lawyer charged with tax evasion related to poker winnings
Tom Goldstein, who writes SCOTUSblog.com, poses for a photograph in front of the Supreme Court, Thursday, Oct. 31, 2013, in Washington. Alex Brandon | AP A top Supreme Court lawyer who co-founded a popular blog about the high court was indicted Thursday in Maryland on federal tax evasion charges that allege he failed to declare […]
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Brooklyn trio raises $10 million for startup that wants to help open-source developers get paid
Sam Ragsdale, Ryan Sproule, and Mason Hall have raised $10 million in a seed funding round co-led by Andreessen Horowitz’s crypto fund and Blockchain Capital. Sam Ragsdale Inside the Domino Sugar Refinery in Brooklyn, a 19th century landmark perched on the banks of the East River, three engineers have transformed 3,000 square feet of the […]
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TikTok CEO expected to attend Trump’s inauguration, NBC reports
TikTok Chief Executive Shou Zi Chew testifies before a House Energy and Commerce Committee hearing entitled “TikTok: How Congress can Safeguard American Data Privacy and Protect Children from Online Harms,” as lawmakers scrutinize the Chinese-owned video-sharing app, on Capitol Hill in Washington, March 23, 2023. Evelyn Hockstein | Reuters TikTok CEO Shou Chew is expected […]
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How VPNs might allow Americans to continue using TikTok
If TikTok does indeed go dark on Sunday for Americans, there may be a tool for them to continue accessing the popular social app: VPNs. The Chinese-owned app is set to be removed from mobile app stores and the web for U.S. users on Sunday as a result of a law signed by President Joe […]
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YouTube donating $15 million in LA wildfire relief, support for creators days before TikTok ban
Charred remains of buildings are pictured following the Palisades Fire in the Pacific Palisades neighborhood in Los Angeles, California, U.S. Jan. 15, 2025. Mike Blake | Reuters Google and YouTube will donate $15 million to support the Los Angeles community and content creators impacted by wildfires, YouTube CEO Neal Mohan announced in a blog post […]
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TikTok’s U.S. operations could be worth as much as $50 billion if ByteDance decides to sell
Jakub Porzycki | Nurphoto | Getty Images Business moguls like Elon Musk should be prepared to spend tens of billions of dollars for TikTok’s U.S. operations should parent company ByteDance decide to sell. TikTok is staring at a potential ban in the U.S. if the Supreme Court decides to uphold a national security law in […]
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Intel to spin off venture capital arm as chipmaker continues to restructure
Intel said Tuesday that it plans to spin off Intel Capital, its venture capital wing, into an independent firm, the latest in a series of structural changes announced by the chipmaker. Turning Intel Capital, which has $5 billion in assets, into a standalone fund will allow it to raise money from outside investors, Intel said. […]
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