Internet

Google, Facebook Need a Regulator, Says Australian Watchdog

Australia’s competition watchdog on Monday recommended tougher scrutiny and a new regulatory body to check the dominance of tech giants Facebook and Alphabet’s Google in the country’s online advertising and news markets. The recommendation, in a preliminary report on the US firms’ market power, is being closely watched around the world as lawmakers wrestle with the powerful […]

Internet

2019 Elections: Facebook to Check Indian Political Ads in Build-Up to Vote

Indian advertisers wanting to run political ads on Facebook will have to confirm their identity and location to help prevent abuse of the system in the build-up to national elections, the company said on Thursday. Facebook – under increasing scrutiny following the Cambridge Analytica scandal – said it would start verifying ads from Thursday and, from next year, […]

Internet

Myanmar Defends Twitter CEO Blasted for ‘Tone Deaf’ Tweets

Patriotic internet users in Myanmar have rushed to defend Twitter CEO Jack Dorsey, whose tweets following a visit to the “beautiful” country drew global scorn for failing to mention the persecution of Rohingya Muslims. Dorsey posted a series of gushing tweets on Sunday following a 10-day silent meditation retreat at a monastery near Mandalay, praising the country’s food, […]

Internet

Zomato Buys Lucknow-Based TechEagle to Build Towards Food Delivery via Drones

With an aim to deliver food via drones in India, online ordering app Zomato on Wednesday announced it has acquired a Lucknow-based startup TechEagle Innovations that works exclusively on drones, for an undisclosed sum. TechEagle will help Zomato create a hub-to-hub delivery network powered by hybrid multi-rotor drones, the company said in a statement. “We are currently […]

Internet

Britain’s Competition Watchdog Refers Paypal-iZettle Deal for In-Depth Review

Britain’s competition watchdog said on Wednesday that Paypal Holdings’s $2.2 billion takeover of Swedish financial technology startup iZettle would be referred for an in-depth review. The Competition and Markets Authority (CMA) said Paypal had refused to offer proposals to address its concerns on how the deal, Paypal’s biggest ever, could hurt competition and could lead to higher […]