Today news
About the same in other media
Facebook’s approach to regulation raises eyebrows once again
Reading now: 812
theguardian.comContain your excitement over Facebook’s possible renaming of itself for the coming age of “the metaverse”, and consider Wednesday’s other story about the social media group. Facebook’s quarrel with the UK competition watchdog offered a near-perfect illustration of corporate arrogance and entitlement in action.
The case is extraordinary for the fact that the stakes were so low: Facebook’s $400m (£290m) purchase last year of Giphy, a software firm that specialises in Gifs, the essential visual aid for social media meme-peddlers, can barely have registered on Mark Zuckerberg’s radar. The purchase price equated to less than 0.5% of Facebook’s global revenues.
Yet the company seems to have been affronted to an extreme degree when the Competition
Read more on theguardian.comAbout this in other media
Chingari's crypto token raises $40mn within 24 hours of its live sale economictimes.indiatimes.com /3 years ago
Jeffries’ Chris Wood raises Bitcoin allocation at cost of gold economictimes.indiatimes.com /3 years ago
As Australia sees record-breaking ETF launches, these CEOs recommend a cautious approach ambcrypto.com /3 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
