Big Tech isn’t hiring like it used to, unless you say the magic words
When Big Tech started slashing jobs in late 2022, it felt like a brief (and painful) correction to the pandemic-era hiring binge, when Apple, Amazon, Meta, Microsoft, and Alphabet collectively added m...
FTC tosses Biden-era suit against Pepsi
The Federal Trade Commission tossed a lawsuit against filed in the last days of Lina Khan’s tenure on the commission under former President Biden. The suit alleged Pepsi illegally squeezed smaller in...
Poll: Americans dislike Tesla and SpaceX almost as much as Twitter
now ranks near the bottom — No. 95 — for reputation among the 100 most visible brands in America, according to a new Axios Harris poll , down from 63rd last year . The only companies that performed wo...
Apple defends its $20 billion Google deal by downplaying its importance
searches on iPhones are declining for the first time ever as people — and — move to AI, so there’s no need to worry about our fusty old Google Search contract. That’s roughly the argument Apple Senio...
Google’s rout yesterday highlights one way it’s the cheapest among the Mag 7
Yesterday, during antitrust case, Senior Vice President of Services Eddy Cue testified that : 1) Google searches in Apple’s Safari web browser, where Google has paid roughly $20 billion a year to b...
A single comment from an Apple exec about AI search is upending the tech pecking order
bigwig Eddy Cue’s comments Wednesday about potentially adding AI-powered search to his company’s Safari browser could be a massive blow for decades-long dominance in web searches. Investors ran for t...
Apple’s pain following court-ordered commission ban is AppLovin and Unity Software’s gain
Two retail favorites are massive beneficiaries of a federal court order this week telling that it can no longer collect commissions on off-app purchases made in mobile games, per Wedbush Securities. ...
Pichai: Google wants to put its AI on Apple iPhones this year
hopes to reach a deal to get its Gemini AI onto iPhones this year, according to a Reuters report of CEO Sundar Pichai’s testimony during Google’s antitrust case today, where the court is trying to dec...
Meta and Apple hit with the EU’s first Digital Markets Act fines
The EU’s Digital Markets Act was designed to bring a battering ram to the Big Tech platforms considered “gatekeepers” — defined as “large digital platforms providing so called core platform services, ...
FTC sues Uber over its subscription service
deceived customers and put up obstacles for them to cancel its Uber One subscription service, the Federal Trade Commission alleged in a lawsuit filed Monday. The FTC says the ride-hailing giant misled...
Google drops after partially losing antitrust case
A federal judge found today that illegally monopolized some online advertising technology markets. US District Judge Leonie Brinkema said Google violated antitrust law in the markets for advertising ...
Meta offered $450 million to settle its antitrust trial — about $29.5 billion less than the FTC wanted
The Federal Trade Commission’s antitrust trial against is now heading into its third day, as the company’s acquisitions of Instagram and WhatsApp in 2012 and 2014, respectively, are hauled into quest...
Zuckerberg meets with Trump again in bid to kill FTC Meta lawsuit
CEO Mark Zuckerberg made his third visit to the White House today since President Trump’s inauguration. According to The Wall Street Journal, Zuckerberg was lobbying Trump today to drop the FTC’s anti...
Big Tech is back to doing what it does best: gobbling up startups for billions
The technology world is Pac-Man. Big Tech navigates a maze of hardware, software, and talent, trying to build products that change the world, or just make a lot of money, while avoiding the ghosts — r...
Trump’s FTC moves forward with Microsoft probe but delays Amazon trial
The Federal Trade Commission is moving forward with an antitrust probe into , Bloomberg reports , to “determine whether Microsoft’s profits from other parts of the business give it an edge over other ...
CrowdStrike shares spring a leak amid DOJ, SEC probes
The DOJ and SEC are looking into a $32 million deal between cybersecurity firm and Carahsoft Technology, a tech distributor with billions of dollars’ worth of government contracts, to provide the IRS...
UnitedHealth drops after WSJ reports DOJ probe
UnitedHealth Group fell sharply Friday morning after The Wall Street Journal reported that the Department of Justice is investigating its Medicare billing practices. The civil fraud investigation (whi...
Apple stock dips as China considers probing its App Store practices
shares sunk 3% in premarket trading on Wednesday after Bloomberg reported that China’s antitrust watchdog is considering looking into the iPhone maker’s App Store fees. Citing people familiar with the...
Meta mulls reincorporating out of Delaware
Meta is looking into reincorporating away from Delaware and potentially to Texas, The Wall Street Journal reported on Friday . Most major American companies, including , are incorporated in Delaware a...
Apple’s Services division and Meta’s Reality Labs are reminders of how dominant Big Tech really is
This week, a number of Big Tech stocks reminded us just how dominant they really are. Yes, we used to balk at the thought of having a trillion-dollar company — now we have nine — but market valuations...