Non-compliance to British laws will attract fines on social media companies

Social media companies operating in Britain, including Twitter, Facebook, and TikTok could face fines up to 10% of their respective turnover if they fail to remove and limit the spread of illegal content under laws proposed by Britain on Tuesday. In a statement the British government said, social media platforms will need to do more…

Apple limits online purchases of iphones to 2 per person midst Wuhan coronavirus outbreak

A check on Apple’s website on Friday revealed, Cupertino is limiting customer purchases of iPhones over its online stores to two handsets per person. The measure is applicable to many countries including the United States and China. The development comes in the wake of the Apple closing all of its brick-and-mortar stores outside China, even…

Microsoft asks staff in Seattle region and in San Francisco Bay Area to work from home

Microsoft Corp has joined the growing bandwagon of U.S. companies asking employees to work from home so as to limit their exposure to China’s coronavirus. Microsoft has asked many of its employees in the Seattle region and in the San Francisco Bay Area to work from home until March 25. “Taking these measures will ensure…

Delivery’s Hero’s $4 billion acquisition of South Korea’s Woowa Brothers raises antitrust concerns

On Monday, South Korean restaurant owners expressed concern over food delivery giant Delivery Hero’s $4 billion planned acquisition of its local rival, Woowa Brothers, subject to regulatory approval. The move could undermine competition and lead to higher fees feel South Korean restaurant owners. In December 2019, Delivery Hero, the second-largest food delivery app operator in…