The decision is one of the most consequential issued under the E.U.’s landmark data-protection law and creates a new business headwind for the social media giant.
Category: Regulation and Deregulation of Industry
Wells Fargo to Pay $3.7 Billion Over Consumer Banking Violations
The settlement, which includes the largest fine ever imposed by the Consumer Financial Protection Bureau, allows the bank to resolve claims that it had harmed millions of consumers since 2011.
Amazon and E.U. Reach Deal to End Antitrust Investigation
The online retail giant avoided a major fine but agreed to changes that have long been sought by merchants who depend on Amazon to reach customers.
Elon Musk Flexes His Media Muscle by Suspending Reporters on Twitter
Elon Musk’s moves this week set off a heated debate about complex issues of free speech and online censorship.
Amazon Agrees to Change Some Business Practices in EU Settlement
The e-commerce giant avoided a fine, but will make a variety of changes regulators believe will help independent merchants who had raised alarms about Amazon’s tactics.
F.T.C. Sues to Block Microsoft’s $69 Billion Acquisition of Activision
The move by the commission signals an aggressive stance by federal regulators to thwart the expansion of the tech industry’s biggest companies.
Chamath Palihapitiya, The ‘SPAC King,’ Is Over It
Chamath Palihapitiya, once a relentless cheerleader of special purpose acquisition companies, blames the Federal Reserve for the end of SPAC mania.