Weekly Roundup: Europe
Musk Given Green Light to Amend Twitter Countersuit; Truss to Water Down UK Online Safety Bill
In today's ExchangeWire news digest: Elon Musk is granted permission to amend his countersuit against Twitter; UK prime minister Liz Truss announces "tweaks" are needed to the proposed Online Safety Bill; and India's Evolve receives financial backing from Meta and [...]
Meta Bolsters VR Ambitions with Lofelt Acquisition; FTC Probes Amazon Acquisition of 1Life
In today's ExchangeWire news digest: Meta purchases Lofelt to boost its VR capabilities; the FTC launches an investigation into Amazon's USD$3.9bn (£3.3bn) deal to buy 1Life; and Apple surpasses Android devices used in the US. Meta acquires Berlin’s Lofelt Meta has purchased [...]
Disney Explores New Membership Programme; China Export Rule a Blow to US Chip Makers
In today's ExchangeWire news digest: Disney contemplates a new membership programme akin to Amazon Prime; US chipmakers see shares dip as lawmakers restrict exports to China; and Shopee rescinds numerous job offers at its Singapore head office. Disney contemplates membership programme Entertainment [...]
Netflix Bags Snap Execs for Ad Business; ArabyAds Raises USD$30m in Pre-Series B Funding Round
In today's ExchangeWire news digest: Netflix names two Snap execs as the leaders of its advertising business; Dubai-based startup ArabyAds accrues USD$30m (£25.6m) in funding to accelerate its expansion; and California lawmakers pass new legislation mandating social media companies must [...]
AdvertisingE-CommerceFundingLegalNetflixSnapchatSocial Media
FTC Sues Data Broker Selling Geolocation Data; Elon Musk Seeks Twitter WhistleBlower
In today's ExchangeWire news digest: the FTC sues an Idaho data broker for selling sensitive geolocation data; Elon Musk seeks information on Twitter's alleged security flaws from a company whistleblower; and Indonesia's GoTo acquires a local cryptocurrency exchange. FTC sues data [...]
Shopee Surpasses Alibaba in International Sales; Amazon Searches for Entertainment Exec
In today's ExchangeWire news digest: Alibaba loses its top spot across international markets to Taiwan's Shopee; Amazon searches for a senior executive to lead its entertainment division; and Mediaocean purchases Imposium to expand its CTV offerings. Shopee overtakes Alibaba across international [...]
H&M Quietly Returns to Alibaba’s Tmall; FTC Sued in Idaho
In today's ExchangeWire news digest: H&M quietly relists on Alibaba's Tmall after Xinjiang controversy; an Idaho firm sues the FTC, claiming the agency could take wrongful legal action against it over its use of data; and TikTok's algorithms and content [...]
Secret Talks Between Facebook and Apple Revealed; Unity Turns Down AppLovin Proposal
In today's ExchangeWire news digest: secret talks between Apple and Facebook to "build a business together" revealed; Unity turns down AppLovin's unsolicited purchase offer; and Nexstar to acquire the CW Network. Apple and Facebook secret talks revealed A report from the Wall [...]
Former Twitter Manager Found Guilty of Spying; FTC Turns to Public to Inform Surveillance Legislation
In today's ExchangeWire news digest: a former Twitter manager has been found guilty of spying for Saudi Arabia; the FTC has opened invited public comment on commercial surveillance to inform legislation; and Egyptian start-up Homzmart has raised USD$23m (£18.9m) in [...]
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