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Chancellor Voices Concern Over Tech Giants’ Dominance

Chancellor Philip Hammond has launched a review into a competition in the digital economy saying that people are concerned the tech giants “could be accumulating too much power in our new digital world.” The first meeting of an independent panel...

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Facebook Share Value Plunges After Growth Warning

Nearly $150 billion was wiped off the value of Facebook after the company warned that growth was slowing. Shares in the company plunged by almost 25 per cent in late trading after Facebook chief financial officer David Wehner told analysts...

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Google Fined €4.34bn For Breaching EU Antitrust Rules

The European Commission has fined Google €4.34 billion for breaching EU antitrust rules. Since 2011, Google has imposed illegal restrictions on Android device manufacturers and mobile network operators to cement its dominant position in general internet search, the Commission said...

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NMA Calls For Competition Reform to Tackle Tech Giants

The News Media Association has called for review and reform of the competition regulatory regime to help tackle the negative  impact of the tech giants upon the publishers of original news media journalism. In response to a BEIS consultation on...

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