tech on Le Magasin

Should Facebook be broken up? FTC, 46 states sue tech giant for antitrust over Instagram, WhatsApp acquisitions

Mon, 15 Aug 2022 23:08:21 +0000

The Federal Trade Commission and more than 40 states are suing Facebook on antitrust grounds, taking direct aim at two prized acquisitions that broadened the company’s global footprint and fueled its more than $70 billion advertising business.

FTC, 48 states sue Facebook for antitrust over Instagram and WhatsApp

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US ‘tech tax’ risk to Uk manner

Mon, 05 Apr 2021 21:44:16 +0000

The United kingdom Style and Textile Association (UKFT) has expressed disappointment at the announcement that the United states is thinking of placing tariffs of up to 25% on a host of British isles exports in retaliation for a Uk tax on technology companies.

These consist of women’s and girl’s dresses, men’s and women’s coats, men’s shirts, ties and shoes, in accordance to a list revealed by the Biden administration.

The obligations are developed to increase $325 million – the sum the US thinks the United kingdom tax will raise from US tech providers. The tariffs are now topic to a consultation in the US about the next number of months.

UK fashion sector “disappointed” over US ‘tech tax’ threat | Apparel Industry News

Sun, 04 Apr 2021 21:42:47 +0000

The Section 301 action by the US will include clothing, ceramics, make-up, games consoles and furniture

The UK’s fashion and textile sector has expressed its disappointment over the potential implementation of tariffs of up to 25% by the US on a raft of items, including clothing, in retaliation over a UK tax on technology firms.

The Biden Administration issued the warning yesterday (29 March), describing the recently introduced digital services tax (DST) as “unreasonable and discriminatory and burdens or restricts US commerce”.

Spac led by tech founders targets Europe’s unicorns for US listings

Sun, 07 Mar 2021 20:13:10 +0000

Tailwind International, the New York-listed exclusive reason acquisition firm, is seeking for European tech unicorns to record in the US as portion of designs to bypass EU and Uk marketplaces and build a multibillion-greenback franchise of Europe-based mostly organizations.

Tailwind, which suggests it is the 1st Spac wherever a team of European tech founders will concentration on investing in the region’s tech companies, elevated $345m on the New York Inventory Trade previous month with the intention of getting a European tech group public in the US.