Tag Archives: pay

WELLINGTON, Dec 5 (Reuters) – The New Zealand government said it will introduce a law that will require big online digital companies such as Alphabet Inc’s (GOOGL.O) Google and Meta Platforms Inc (META.O) to pay New Zealand media companies for the local news content that appears on their feeds. Minister of Broadcasting Willie Jackson said in a statement on Sunday that the legislation will be modelled on similar laws in Australia and Canada and he hoped it would act as an incentive for the… Source link

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Treasury report says media outlets have signed more than 30 deals compensating them for news shared on platforms. Australia’s world-first law forcing Big Tech to pay for news has been a success and Canberra should consider extending it to social media platforms such as TikTok and Twitter, a government report has found. Canberra passed landmark legislation last year that obligates Google and Facebook to strike deals compensating media outlets for news content on their platforms or allow a… Source link

SYDNEY, Dec 2 (Reuters) – An Australian law giving the government power to make internet giants Facebook owner Meta Platforms (META.O) and Alphabet Inc’s (GOOGL.O) Google negotiate content supply deals with media outlets has largely worked, a government report said. But the law, which took effect in March 2021 after talks with the big tech firms led to a brief shutdown of Facebook news feeds in the country, may need to be extended to other online platforms, the review said. Since the News… Source link

Google this month agreed to pay out $391.5 million across 40 states, including $12 for Michigan, after attorneys general sued the technology company for being deceptive about their location tracking practices in what experts said is an important win for consumers.  The settlement was a result of attorneys general suing Google for violating consumer protections. The AGs said the company was misleading consumers into thinking their location tracking… Source link

OAKLAND, Calif., Nov 17 (Reuters) – Alphabet Inc’s (GOOGL.O) Google has struck deals with at least 24 big app developers to stop them from competing with its Play Store, including an agreement to pay Activision Blizzard Inc (ATVI.O) about $360 million over three years, according to a court filing on Thursday. Google also agreed in 2020 to pay Tencent Holdings Ltd’s <0700.HK> Riot Games unit, which makes “League of Legends,” $30 million over one year in a similar deal, the filing stated. The… Source link

The hedge fund of the billionaire Sir Christopher Hohn has written to Alphabet saying staff at the Google and YouTube parent are paid too much and its workforce should be drastically cut back. London-based TCI, which has been a significant investor in the company since 2017 and holds a stake valued at $6bn (£5.1bn), has written to its chief executive, Sundar Pichai, urging it to emulate cost-cutting measures introduced by big tech rivals including the Facebook-owner, Meta, Amazon and… Source link

WASHINGTON, Nov 14 (Reuters) – Alphabet’s Google (GOOGL.O) will pay about $400 million to settle a complaint brought by a group of states over allegations the search and advertising giant illegally tracked users’ locations, two people familiar with the matter said. The announcement will come as early as Monday, the sources said. The lawsuit, which includes Oregon, the people said, is a sign of mounting legal headaches for the tech company from state attorneys general who have aggressively… Source link

Core Scientific (CORZ) will not make debt payments due in October and November, according to a new securities filing. Shares of the bitcoin mining company were down as much as 76% on Thursday morning. Core said it’s exploring alternatives to its capital structure and is working with financial and legal advisers but noted that it might have to file for bankruptcy. — in which case common stock holders would completely lose their investments. “Given the uncertainty regarding the Company’s… Source link

Consumers could be paying at least 20% more on their heating bills this winter. Tight oil refining capacity and low stockpiles are expected to keep prices elevated during the colder months. “Our heating, oil inventories are very low. I mean the lowest, I think, that they’ve ever been. Does it mean that we’re going to have run out of inventories? No, it means that we’re going to have the potential for spikes, particularly in a cold winter,” CIBC Private Wealth Senior Energy Trader Rebecca… Source link