Financial Times

Instagram is “no longer a photo-sharing app,” head Adam Mosseri admits as Facebook Inc (NASDAQ: FB) intensifies competition with TikTok and Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) YouTube in short video clips, the Financial Times reported. What Happened:...

Hitachi Ltd (OTC: HTHIY) President Keiji Kojima plans to ramp up digital talent-hiring from India to compete in the U.S. following a $9.5 billion deal to acquire software engineering company GlobalLogic, the Financial Times reported.  Kojima estimates a large part of...

Facebook Inc’s (NASDAQ: FB) first advertising partner in its virtual reality (VR) headset exited in less than a week after a backlash from the gaming community, the Financial Times reports. Last Wednesday, Facebook announced its plans to start testing advertising in its VR...

Warner Music Group Corp (NASDAQ: WMG) has agreed to acquire David Guetta’s recorded music catalog and struck a new record deal with the musician worth over $100 million, the Financial Times reports. Warner will acquire Guetta’s two-decade-long back catalog of recorded music....

Carmakers Ford Motor Co (NYSE: F) and Nissan Motor Co Ltd (OTC: NSANF) (OTC: NSANY), conglomerates LG Electronics Inc (OTC: LGEIY) (OTC: LGEJY) and Samsung Electronics Co Ltd (OTC: SSNLF), and start-ups Britishvolt and InoBat Auto are in discussions with the...

Sony Group Corp's (NYSE: SONY) Sony Music Entertainment has acquired Somethin' Else, U.K.'s independent audio program producer, to tap the growing podcast market, the Financial Times reported. The financial terms of the transaction remain undisclosed. Somethin' Else's...

Apple Inc (NASDAQ: AAPL) has been forced to tighten its April privacy rules following warnings regarding user data collection despite opting out of tracking, the Financial Times reported. Third parties continue to identify non-consenting users by employing different methods triggering...

Uber Technologies Inc’s (NYSE: UBER) ride-hailing gross bookings for the week beginning May 17 recovered over 80% compared to the 2019 levels across Europe in mid-May even before a wider recovery in business travel and tourism, the Financial Times reported. The business travel and...

Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google will add extra protection for Android users to prevent advertiser tracking as they flip apps to challenge Apple Inc’s (NASDAQ: AAPL) image as a personal data protector, Financial Times reports. Android users can already...

The U.K. Competition and Markets Authority (CMA) approved eBay Inc's (NASDAQ: EBAY) $9.2 billion classified advertisements merger deal with Norway's Adevinta after the companies agreed to sell the U.K. second-hand sales sites, Gumtree U.K. and Shpock, the Financial Times...

France’s finance minister Bruno Le Maire, Germany’s minister for economic affairs Peter Altmaier, and Dutch economic affairs minister Mona Keijzer sought stricter future technology regulations from the EU, the Financial Times reports based on an unpublished paper. The trio...

The European Competition Commissioner Margrethe Vestager is set to launch an antitrust probe against Facebook Inc (NASDAQ: FB) for alleged unfair dominance by its online Marketplace, the Financial Times reports. The EU officials have sent a minimum of three rounds of questions to...

SoftBank Group Corp (OTC: SFTBY) (OTC: SFTBF) directors Yuko Kawamoto and Ron Fisher will depart as board members, the Financial Times reports. High pressure from U.S. hedge fund Elliott Management and other investors over better corporate governance practices led to the...

Apple Inc (NASDAQ: AAPL) chief Tim Cook will testify as a prime witness for Fortnite maker Epic Games’ antitrust lawsuit against the iPhone maker’s alleged illegal monopoly, the Financial Times reports. Epic prosecuted Apple for perpetrating monopoly via the App Store,...

Cisco Systems Inc (NASDAQ: CSCO) expects a gross profit margin hit by 150 basis points in the current quarter from the pandemic fueled supply chain crisis, the Financial Times reports. Cisco also issued a cautious quarterly revenue growth guidance between 6%-8% after factoring in the...