EU Hits TikTok With $600M Fine Over China Data Transfers
TikTok has been fined $600 million (530 million euros) by European regulators after a four-year investigation revealed that the app’s data transfers to China put its users at risk of…
China’s Xpeng Hits Milestone with Over 30,000 Vehicle Deliveries for Sixth Straight Month
Just the month before, in April, Xpeng Motors set a new precedent by delivering 35,045 vehicles. It’s their sixth month in a row of over 30,000 deliveries. This new milestone…
Amazon CEO Jassy Expresses Optimism Despite Tariff Uncertainty
Amazon CEO Andy Jassy reassured investors on the company’s first-quarter earnings call on Thursday, expressing optimism that the retail giant could emerge from the current tariff environment stronger than before.…
Meta Warns European Users of ‘Worse’ Experience Due to Regulatory Changes
Meta Platforms Inc. has received a significant warning regarding its business practices in Europe, following a recent decision by the European Commission. In short, the tech giant needs to adhere…
World teams up with Tinder and Visa to expand its ID-verifying technology
World, the biometric ID company best known for its eyeball-scanning Orb devices, announced on Wednesday several key partnerships aimed at expanding its reach and demonstrating the versatility of its identity…
Meta reports decline in digital ad spend from Chinese retailers
Meta Platforms, Inc.’s increasingly painful advertising spend retreat from the likes of major Chinese e-commerce competitors such as Temu and Shein. Combined, these companies make up the majority of Meta’s…
Amazon Scraps Plans to Display Tariff Costs After White House Pushback
Amazon announced on Tuesday that it had considered displaying import charges on items sold through its Haul platform but decided against it after backlash. Haul, Amazon’s answer to discount retailers…