Amazon Likely to Face Investigation Under EU Tech Rules Next Year
According to information obtained from sources close to the matter, Amazon, one of the leading players in the global e-commerce market, may find itself under investigation next year due to new strict regulations being introduced by the European Union. These laws aim to improve fair competition and protect consumer rights in the digital realm.
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Amazon’s Former Marketing Chief Predicts Tough Times Ahead for Rival Advertisers
In a recent interview, Bradley Benning, former advertising chief at Facebook, expressed the view that competing with Google is becoming increasingly difficult for many companies. He noted that Google's dominance in the digital advertising market creates immense challenges for major players such as Facebook and others.
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EU Increases Pressure on Tech Giants Following Apple and Google's Legal Defeats
Recent legal setbacks for tech giants like Apple and Google have become a significant factor in the European Union's escalating campaign against the dominance of large tech companies. The cases in which these companies failed to successfully challenge antitrust actions in their favor have sparked new discussions on the need for stricter regulations in the tech sector.
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Google Loses EU Court Fight: €2.4 Billion Fine Upheld
A recent ruling by the European Court of Justice (ECJ) has marked a significant moment for tech giant Google as it lost its bid to overturn a €2.4 billion fine imposed by European Union antitrust authorities. This fine was levied in 2017 for abusing its dominant market position in the comparison shopping sector. The court concluded that Google had manipulated its search algorithm to favor its own services, violating EU antitrust laws.
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Elon Musk's X Faces Major Setback in Brazil, Costing Millions
Recently, the social media platform X, owned by billionaire Elon Musk, has come under scrutiny due to the blocking of its services in Brazil. This situation not only affects users but also has serious financial implications for Musk's business. The blockade imposed by local regulators deprives Musk of significant revenue that could come from advertising and user subscriptions.
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CEO Snapchat Urges Team to Boost Ad Business Amid Share Price Decline
Amid a significant decline in Snap's stock prices, CEO Evan Spiegel called upon employees to focus on enhancing the advertising business. During an internal meeting, Spiegel emphasized the importance of productivity and creative approaches in an industry facing challenges due to fierce competition in the digital advertising market.
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