Mercado Libre (“Meli”), the Latin American e-commerce and financial services giant, filed antitrust complaints against Apple in these two countries alleging anticompetitive behavior around Apple’s policies and practices in its App Store. The Primary Restrictions Imposed by Apple Mercado Libre’s complaints focus on two key restrictions imposed by Apple that, according to the company, undermine […]
Continue Reading
Last week, Fidelity National Services (FIS) agreed to sell a majority stake in its Worldpay business to private equity funds managed by GTCR in a deal that values the merchant payments at $18.5 billion. However, just 4 years ago, FIS acquired Worldpay for more than $30 billion with the intention to revolutionize the industry, but […]
Continue Reading
NVIDIA is the first company in the semiconductor sector to reach a valuation of $1 trillion. While the company owes its success partly to the promising prospects of generative AI, the Microsoft-Activision deal may help the company growing in the gaming sector. Although NVIDIA’s gaming revenue for fiscal year 2023 experienced a decline of 27% […]
Continue Reading
Tesco, Sainsbury’s, Asda, Morrisons, and Aldi are the largest supermarkets in the United Kingdom, and their recent financial results have demonstrated the industry’s ability to withstand inflationary pressures on food prices. However, not all supermarkets in the UK are effectively navigating these challenging times. Ocado, an online supermarket that utilizes a highly advanced logistic and […]
Continue Reading
On April 28, Meta published its quarterly report where the company offered relevant information about the legal and regulatory risks that is facing and how these risks could affect the company´s revenue. The company is facing lawsuits in the U.S., Europe and around the world. Perhaps the most relevant one for Meta is the ongoing […]
Continue Reading
Elon Musk is inches away from sealing a deal to buy Twitter for approximately $43 billion, according to different news outlets. Musk, a self-described “free speech absolutist,” said in an interview during a TED conference on April 14 that “it is very important for [Twitter] to be an inclusive arena for free speech.” During the […]
Continue Reading
The U.K. Financial Conduct Authority is calling on stakeholders to provide input about the use of synthetic data to support financial services innovation. In a public consultation launched on March 31, the regulator highlighted the benefits of this type of data and how it could help small firms to better compete with incumbents. “Synthetic data […]
Continue Reading
Apple is facing challenges on several fronts that could affect its App Store revenue. From judicial rulings in the U.S. to antitrust decisions in The Netherlands but more importantly, from legislative proposals in Europe and the US that could limit Apple’s exclusive ability to distribute apps for its operating system. However, Apple is doubling down […]
Continue Reading
Apple’s latest plan to develop its own payment processing system may test the limits of the recently approved European Digital Markets Act (DMA). According to Bloomberg sources, Apple is planning to bring some financial services in-house, including the development of its own payment processing system but it could also add credit checks, risks assessment for […]
Continue Reading
The new European Digital Markets Act which aims to rein in Big Tech may enter into force by the end of the year after the EU institutions reached an agreement on Thursday on the final text of the bill. While most of the debate has focused on the definition of gatekeepers — Big Tech firms […]
Continue Reading