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Keywords: Digital Platforms
The Israeli web development company Wix.com has announced a major workforce reduction, cutting around 20% of its staff, which represents more than 1,000 employees worldwide. The decision comes as the company faces economic pressure linked to a strong Israeli shekel, which has affected its financial......
Meta has officially introduced paid subscription services for its major social media platforms, including Instagram, Facebook, and WhatsApp. The announcement marks a significant step in the company’s strategy to diversify its revenue sources and reduce its heavy dependence on advertising. The......
Spain has temporarily blocked access to prediction market platforms Polymarket and Kalshi over concerns that the companies were operating without the required gambling licences. According to Spain’s Consumer Rights Ministry, authorities launched an investigation into the two U.S.-based companies......
Shares of Delivery Hero climbed sharply on Monday after reports emerged that Uber had submitted an indicative acquisition proposal for the German-based delivery group. The news pushed Delivery Hero’s stock price to its highest level in approximately eighteen months, reflecting growing investor......
Leading executives from major technology companies have been invited to appear before the United States Senate for a new oversight hearing focused on the influence and responsibilities of digital platforms. According to congressional sources, the hearing scheduled for June will include the participation......
TikTok, owned by ByteDance, has taken its legal battle to the European Union’s highest court in an effort to overturn its classification as a “gatekeeper” under the EU’s Digital Markets Act (DMA), a key piece of legislation designed to regulate major technology companies. The......
Fast-fashion giant Shein has accused rival e-commerce platform Temu of large-scale copyright infringement during a legal battle now unfolding before the High Court in London. The dispute marks the latest chapter in the growing global rivalry between the two rapidly expanding online retail platforms,......
Uber is continuing its expansion beyond road transport with a new move into maritime leisure services. Starting in mid-June, the company will launch “Uber Boat” in France, a boat rental service with a skipper, directly accessible through its mobile application. Already active in ride-hailing......
Software company Rave has filed an antitrust lawsuit against Apple Inc, accusing the technology giant of removing its video-sharing application from the App Store after launching a competing feature. The case, filed in a U.S. federal court in New Jersey, alleges that Apple engaged in anti-competitive......