How Google and Meta were fined $71.8M for violating privacy laws in South Korea
On Wednesday, South Korea fined Google and Meta $71.8 million (100 billion KRW) for violating the privacy law in the country. The South Korean authorities said that Meta and Google didn’t receive legitimate or legal consent when collecting users’ information who visited their websites and used other websites and apps for customized ads. According to […]
Twitter’s attempt to monetize porn is halted because of child safety warnings
Twitter is reportedly considering monetizing adult content amidst internal shakeups and high pressure from investors to make more profits. The move is, however, halted because of child safety warnings. The Verge reported that Twitter is aiming to be a competitor to OnlyFans by permitting adult creators to sell subscriptions on Twitter. Already, some adult creators […]
FTC. sues Meta to block its Virtual Reality deal as it tackles other giant techs
On Wednesday, the F.T.C. (Federal Trade Commission) filed an injunction to block Meta from purchasing a virtual reality firm called Within. The lawsuit is potentially restricting Meta’s push into Metaverse and signaling a change in the agency’s approach to tech deals. The company revealed last year that it’s buying Within for an undisclosed fee. Within […]
Twitter sues Elon Musk, holding him to a $44 billion deal
On Tuesday, Twitter sued Elon Musk for violating his $44 billion deal to purchase Twitter and told a Delaware court to order him to finish the merger at the concluded $54.20 per Twitter share. The complaint says “Musk believes that he, unlike every other party subject to Delaware contract law, is free to change his […]
Payment data can be an evidence for abortion, now it’s illegal in some US States
Payment data can be used as evidence for abortion now that it’s illegal in some states in the US. Since financial companies take several payment data from their customers, legal experts believe prosecutors can subpoena the records for abortion evidence. Now that abortion is illegal in several US states, and criminal investigators could soon start […]
Oracle wins $30 million after software copyright infringement trial against HPE.
HPE (Hewlett Packard Enterprise) will pay $30 million to Oracle for copyright infringement after a judge found the company guilty of offering customers Solaris software updates without Big Red’s permission. The judgment is the culmination of a 3-week trial in Oakland, California. And it’s set to be contested by HPE. This case was raised initially some years back […]
Why EU plans to make common charger mandatory for Apple iPhones and other devices
The European Commission and lawmakers plan to enforce a law on device manufacturers like Apple and other electronics companies. This law makes it mandatory for all electronics companies, including Apple, to create devices that have a common charging port. On Tuesday, the commission agreed to a common charger, the USB Type-C, for all devices, including […]
New York lawmakers enact a new prohibition on Bitcoin mining
The New York State Senate has passed a ban that will stop issuing new licenses for Bitcoin mining projects that rely on electricity generated by fossil-fuel power plants. This law will cut back the recent growth in the Bitcoin mining sector in New York. The bill was enacted by the state Assembly earlier this year. […]
Epic games temporarily wins the right to use its payment system on Google Play
On Friday, Epic games won a rather one-sided condition against Google App Store payment policies. The decision is backed up by years of litigation between Epic Games and the Google App Store. Epic Games and Google have reached a temporary ceasefire in their yet to be concluded legal battle over Bandcamp. Bandcamp is a digital […]
Legaltech provider Evisort discloses $100 million in funding, led TCV
Evisort, a prominent company in contract management and analysis made a public announcement today over a $100 million capital raised in funding for the year. It also includes equity and ventures debt financing. The company develops AI-powered software for legal firms. And helps companies analyze contract proceedings and documentation. The project’s series C funding was […]