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Instagram CEO Says Facebook Will Help Users Get Around Apple's Cut of Transactions

An anonymous reader quotes a report from CNBC: Facebook is setting its sights on the creator economy, hoping to allow millions of people to make a living off its family of apps. But the company wants to promote offline transactions between creators and companies in order to avoid Apple's 30% cut of in-app purchases, Instagram head Adam Mosseri said Wednesday. "When there are digital transactions that happen on iOS, Apple insists that they take 30% of that. There's a very few number of exceptions...
Tags: Apple, Facebook, Instagram, Tech, Cnbc, Apple Facebook, Adam Mosseri, Mosseri


EU agrees to force multinationals to disclose tax, piling pressure on UK

Companies with revenues above €750m will be required to publish a country by country breakdownThe EU has agreed it will force large multinational companies to publish a breakdown of the tax they pay in each of the bloc’s member states and in tax havens such as Seychelles, piling pressure on the UK government to follow suit.After years of stalled talks, a deal was struck on Tuesday between EU governments and MEPs on country by country reporting, a policy designed to expose how some of the world’s...
Tags: Google, Europe, Business, UK, Eu, European Union, UK News, World news, Tax Avoidance, Corporate Governance, European Commission, Seychelles, Apple Facebook, Tax Havens


Apple, Facebook Set to Boost Wall Street After Strong Earnings

By Shivani Kumaresan(Reuters) -Wall Street's main indexes were set to open higher on Thursday after stellar earnings from Apple and Facebook...
Tags: Apple, Apple Facebook, Shivani Kumaresan


Apple, Facebook Drive Nasdaq Futures Higher as Earnings Roll In

By Shivani Kumaresan(Reuters) - Nasdaq futures jumped 1% on Thursday after stellar earnings from Apple and Facebook powered a rally in tech stocks,...
Tags: Apple, Facebook, Apple Facebook, Shivani Kumaresan, Reuters Nasdaq


What’s behind the Apple-Facebook feud?

The fight between the two tech giants might remodel the internet as we know it.
Tags: Apple Facebook


3 tech execs say the future of mobile computing is in AR glasses, health-tracking wearables, and more

Execs from Qualcomm, Lenovo, and Oura discussed the biggest changes happening in the tech industry. These include the shift to flexible screens and how 5G will usher in new gadgets like AR glasses. We also spoke about how wearables are getting much better at detecting changes in our body. Because of his work, Insider named Harpreet Rai, CEO of Oura, to our annual list of the 10 leaders transforming consumer tech. Visit Insider's Transforming Business homepage for more stories. Th...
Tags: Apple, Google, Microsoft, Samsung, Trends, Lenovo, Alex, Qualcomm, Tom, Don, UCSF, Niantic, Apple Facebook, Peloton, Alex Katouzian, Lisa Eadicicco


Facebook Doesn't Want to Give Apple Requested Documents in Epic v. Apple Fight

Facebook and Apple are squabbling over document requests in the ongoing Epic v. Apple legal battle, according to a new discovery letter filed with the court today. Facebook is involved because Facebook executive Vivek Sharma is set to testify on behalf of Epic. Apple wants a "limited set of documents" that are needed for a fair cross examination of Sharma, who plans to testify about Apple's restrictions on iOS app distribution, the App Store process, and Facebook's interactions with Apple, bu...
Tags: Apple, Facebook, Epic, Epic Games, Apple Facebook, Sharma, Fortnite, Vivek Sharma, Facebook Doesn, Epic Games vs. Apple, Epic Apple, Facebook Epic Games Fortnite Epic Games vs Apple


Facebook Doesn't Want to Give Apple Requested Documents in Epic v. Apple Fight [Updated]

Facebook and Apple are squabbling over document requests in the ongoing Epic v. Apple legal battle, according to a new discovery letter filed with the court today. Facebook is involved because Facebook executive Vivek Sharma is set to testify on behalf of Epic. Apple wants a "limited set of documents" that are needed for a fair cross examination of Sharma, who plans to testify about Apple's restrictions on iOS app distribution, the App Store process, and Facebook's interactions with Apple, bu...
Tags: Apple, Facebook, Epic, Epic Games, Apple Facebook, Sharma, Fortnite, Vivek Sharma, Facebook Doesn, Epic Games vs. Apple, Epic Apple, Facebook Epic Games Fortnite Epic Games vs Apple


Booking a Covid-19 Vaccine? More Tools and Tips, Plus Help From Apple, Facebook and Google

If you are trying to book a Covid-19 vaccine, the combo of poorly designed websites and scarce appointments might make you wish you...
Tags: Google, Apple Facebook


Apple Maps now shows COVID-19 vaccination locations

Apple, Facebook, and Google add more vaccine location info to their sites.
Tags: Google, Apple Facebook


Policy traps that imperil California’s job market

The U.S. economy is poised to stage a strong comeback in post pandemic 2021. The Congressional Budget Office predicts Gross Domestic Product growth of 3.7%. Other indicators such as manufacturing, construction and trades are trending upward. The CBO says the U.S. economy may reach a pre-pandemic peak by mid-2021. Thankfully, the U.S. economy looks on track. California, however, appears to be on a more perilous course. The Golden State has a large role in the U.S. economy, but their economic outc...
Tags: Google, Elon Musk, Texas, California, Opinion, Washington, Los Angeles, Tesla, Sport, Soccer, Airbnb, Trump, State, Raleigh, Huntington Beach, Golden State


EU states back plan to expose big companies' tax avoidance

Majority of member states back proposal to bring in country-by-country tax reportingThe EU has moved to force multinational companies to publish a breakdown of the tax they pay in each of the bloc’s member states and in tax havens such as Seychelles, piling pressure on the UK government to follow suit.Country-by-country reporting is designed to shine a light on how some of the world’s biggest companies – such as Apple, Facebook and Google – avoid paying an estimated $500bn (£358bn) a year in tax...
Tags: Apple, Google, Facebook, Europe, Business, UK, Germany, Eu, European Union, UK News, World news, Tax and spending, Technology sector, Tax Avoidance, Malta, Seychelles


Equity Monday: The electric car boom, tech regulation, and some sad American VC data

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here and myself here — and be sure to check out our riff on whether SoftBank has another 20 DoorDashes waiting i...
Tags: Apple, TC, Microsoft, India, Softbank, Tech, Vw, Gm, TechCrunch, Clubhouse, SPAC, Apple Facebook, Equity podcast, Dispo, Libeo


What you need to know on the markets this week: 'Eat the rich' - Robinhood's reckoning after GameStop, the Bank of England's toolbox, and blockbuster earnings

A group of demonstrators are gathered by the New York Stock Exchange. Andadolu Agency/Getty Images An army of Reddit traders unleashed a spectacular short-squeeze on GameStop stock and others. Hedge funds will likely swallow multibillion-dollar losses and the regulators are watching. The Bank of England may give a glimpse of what's in its toolbox, including negative rates. Visit Business Insider's homepage for more stories. This week saw a bunch of retail investors join forces through a Re...
Tags: Europe, UK, England, Congress, Trends, Bank Of England, Britain, Reddit, Ubs, Robinhood, Gamestop, Jpmorgan, Nomura, Securities Exchange Commission, Apple Facebook, Dogecoin


Jarden Brief: Varying fortunes for Apple, Facebook and Tesla

Keeping you up to date with the latest market moves, in association with Investment firm Jarden New Zealand The S&P NZ50 finished the day down 2.2 per cent with no stocks in the green. Smaller companies outperformed relatively... [Author: [email protected]]
Tags: Business, Tesla, Apple Facebook, Jarden New Zealand


US stocks set for third daily fall after biggest drop since October, as global markets second-guess recent rally

Wall Street had a tough day on Wednesday, with stocks tumbling and Redditors piling on the pressure Xinhua/Getty Images US stock futures suggested a third daily fall later today, after Wednesday's sell-off. Short-term fears over the economy and vaccines have knocked market confidence. Some analysts said the GameStop saga had also shaken a few big investors. Sign up here for our daily newsletter, 10 Things Before the Opening Bell.  US stocks were set to fall for the third day in a row at th...
Tags: Apple, Facebook, Asia, Hong Kong, Europe, Japan, UK, Wall Street, China, US, Trends, Tesla, Eu, Joe Biden, Reddit, Deutsche Bank


Dow sheds 300 points as traders await big tech earnings

Traders work during the opening bell at the New York Stock Exchange (NYSE) on February 28, 2020 at Wall Street in New York City. JOHANNES EISELE/AFP via Getty Images All three major indices dipped Wednesday morning as Wall Street awaits a basket of earnings and a Fed decision this afternoon. GameStop continued its meteoric rise following a tweet from Elon Musk. Microsoft posted a 17% rise in sales in the latest quarter.Sign up here for our daily newsletter, 10 Things Before the Opening Bell...
Tags: Elon Musk, Microsoft, Wall Street, Amc, US, Trends, Markets, Tesla, Reddit, Treasury, Starbucks, Federal Reserve, Stock Market, Nasdaq, Boeing, Blackstone


10 things you need to know before the opening bell

Queue in front of Gamestop store in Christmas atmosphere in Milan during coronavirus emergency, Milan, Italy, on November 03 2020. Mairo Cinquetti/NurPhoto/Getty Images Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning.Now you can also sign up for 10 Things in Politics You Need to Know Today - launching next week!Here's what you need to know before markets open.1. Tech stocks are set to pull away from the pack as investors await big-nam...
Tags: Milan, Microsoft, Amc, Trends, Tech, Tesla, Reddit, Federal Reserve, Biden, Morgan Stanley, Gamestop, Fed, Pepsi, Milan Italy, Apple Facebook, Schutte


Tech stocks set to pull away from pack at US open as investors await big-name earnings and Fed decision

Microsoft shares rose in pre-market trading after its sales jumped SOPA Imagines/Getty Images US tech stocks were set to open higher, while S&P and Dow futures dipped. Microsoft's strong earnings lifted Nasdaq futures as investors awaited the Fed's policy decision. The battle over GameStop between Redditors and short sellers continued to rage. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. US tech stocks were set to open higher on Wednesday, as investors cheered ...
Tags: Apple, Facebook, Europe, Japan, Microsoft, China, US, Trends, Tesla, Barclays, Reddit, US Treasury, Federal Reserve, Biden, Nasdaq, Dow Jones


US stocks set to open lower as investors brace for slew of big earnings after bubble jitters hit Asia

Asian stocks tumbled overnight and US futures pointed to a lower start on Wall Street Philip Fong/Getty Images US stocks were set to open lower on Tuesday before some major Q4 earnings reports. Asian stocks tumbled overnight due to fears over market bubbles and coronavirus. The dollar and oil prices rose, while bonds and bitcoin fell. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. US stocks were set to open slightly lower on Tuesday, after rising to fresh all-tim...
Tags: Google, Amazon, Asia, Hong Kong, Japan, US, Trends, Markets, Tesla, Britain, Dollar, Reddit, Ubs, Treasury, Nasdaq, Dow Jones


Facebook Employees Criticize Campaign Against Apple in Leaked Comments

Amid a barrage of public attacks on Apple from Facebook over privacy measures, Facebook employees have expressed their displeasure with the direction of the campaign in comments obtained by BuzzFeed News. Last week, Facebook in print newspapers explaining that it was "standing up to Apple for small businesses everywhere," and created a website encouraging people to "Speak Up for Small Businesses." Facebook argues that Apple's privacy changes in iOS 14, which give users the option to opt-ou...
Tags: Apple, Facebook, Levy, BuzzFeed News, Aren, Dan Levy, Electronic Frontier Foundation EFF, Apple Facebook, Graham Mudd, Facebook-Apple tracking dispute, Facebook Facebook Apple, Ashley Zandy


Facebook Says Apple's Upcoming Anti-Tracking Prompt is 'More About Profit Than Privacy' and Backs Epic Games vs. Apple

Facebook today in a blog post claimed that Apple's upcoming anti-tracking privacy-focused change in iOS 14 will have a "harmful impact on many small businesses that are struggling to stay afloat and on the free internet that we all rely on more than ever." Facebook has also launched a "Speak Up For Small Business" page. "We disagree with Apple's approach and solution, yet we have no choice but to show Apple's prompt," said Facebook. "If we don't, they will block Facebook from the App Store, w...
Tags: Apple, Facebook, App Store, Epic Games, Facebook We, Apple Facebook, Facebook Says Apple


Facebook Says Apple's Upcoming Anti-Tracking Prompt is 'More About Profit Than Privacy' [Updated]

Facebook today in a blog post claimed that Apple's upcoming anti-tracking privacy-focused change in iOS 14 will have a "harmful impact on many small businesses that are struggling to stay afloat and on the free internet that we all rely on more than ever." Facebook has also launched a "Speak Up For Small Business" page. "We disagree with Apple's approach and solution, yet we have no choice but to show Apple's prompt," said Facebook. "If we don't, they will block Facebook from the App Store, w...
Tags: Apple, Facebook, App Store, Facebook Apple, Facebook We, Apple Facebook, Facebook Says Apple


Facebook Says Apple's Upcoming Anti-Tracking Prompt is 'More About Profit Than Privacy' and Backs Epic Games vs. Apple [Updated]

Facebook today in a blog post claimed that Apple's upcoming anti-tracking privacy-focused change in iOS 14 will have a "harmful impact on many small businesses that are struggling to stay afloat and on the free internet that we all rely on more than ever." Facebook has also launched a "Speak Up For Small Business" page. "We disagree with Apple's approach and solution, yet we have no choice but to show Apple's prompt," said Facebook. "If we don't, they will block Facebook from the App Store, w...
Tags: Apple, Facebook, App Store, Facebook Apple, Facebook We, Apple Facebook, Facebook Says Apple


10 things in tech you need to know today

SolarWinds Good morning! This is the tech news you need to know this Tuesday. Sign up here to get this email in your inbox every morning.Have an Amazon Alexa device? Listen to this update by searching "Business Insider" in your flash briefing settings.Event alert: Join us Thursday, December 17 at 3 p.m. ET for a panel discussion on how to get hired in VC. Sign up here.SolarWinds says 18,000 customers downloaded compromised software. Reuters reported the breach allowed hackers to gain acces...
Tags: Google, Amazon, Europe, Spacex, US, Samsung, Trends, Eu, EA, Pornhub, Jeff Bezos, Shopify, Ftc, Nordic, Reuters, US Federal Trade Commission


To own an AR future, Niantic wants to build a smarter map of the world

Niantic is continuing to bet heavily on the idea that it knows where consumer computing is headed, namely towards augmented reality. The game development startup behind Pokémon Go has some good company with companies like Apple, Facebook and Snap making similar bets, but stakes are high for the studio which hopes it can build an early advantage in foundational AR infrastructure and bring third-party developers on board, edging out efforts from companies that are quite a bit larger. Nian...
Tags: Apple, Google, Facebook, Tech, Airbnb, Niantic, Apple Facebook, Niantic EC, Joel Hesch Niantic, Hesch


Global shares lurch towards biggest one-month drop since March as COVID cases explode; earnings rattle Apple, Facebook and Amazon

S&P index displayed on a smartphone screen Pavlo Gonchar/SOPA Images/Getty Images Global equities head for their biggest monthly slide in October since March, with eurozone blue chips among the worst-hit, as the pandemic hits Europe. US stock futures ease, suggesting a drop at the opening bell for technology stocks, after Apple, Amazon, Facebook and Google parent Alphabet reported earnings.  "The optimism of the summer has been replaced by a sense that it is going to be long winter," CMC M...
Tags: Apple, Google, Amazon, Facebook, Europe, France, Germany, Global, US, Trends, Gold, Markets, European Central Bank, Commodities, Joe Biden, Stock Markets


10 things in tech you need to know today

Jack Ma in China in 2019. Wang HE/Getty Images Good morning! This is the tech news you need to know this Tuesday. Sign up here to get this email in your inbox every morning.Have an Amazon Alexa device? Listen to this update by searching "Business Insider" in your flash briefing settings.Ant Financial is going public. Ant Group, led by Chinese billionaire Jack Ma, will raise $34.5 billion in a dual public offering in Shanghai and Hong Kong, per CNBC.Facebook is getting into cloud gaming. Th...
Tags: Apple, Facebook, Hong Kong, Microsoft, China, Trends, Shanghai, Jack Ma, Nordic, Google Facebook, Apple Facebook, Amazon Alexa, ActionAid, Tech Insider, CNBC Facebook, Verkada


Facebook steps into cloud gaming — and another feud with Apple

Facebook will soon be the latest tech giant to enter the world of cloud gaming. Their approach is different than what Microsoft or Google has built but Facebook highlights a shared central challenge: dealing with Apple. Facebook is not building a console gaming competitor to compete with Stadia or xCloud, instead the focus is wholly on mobile games. Why cloud stream mobile games that your device is already capable of running locally? Facebook is aiming to get users into games more quick...
Tags: Iphone, Apple, Google, Android, TC, Facebook, Spotify, New York, Texas, Maryland, Microsoft, Tinder, California, Virginia, Massachusetts, America


Quibi is dead

Plagued with growth issues, Quibi, a short-form mobile-native video platform, is shutting down, according to multiple reports. The startup, co-founded by Jeffrey Katzenberg and Meg Whitman, had raised nearly $2 billion in its lifetime as a private company. Quibi did not respond to requests for comment from TechCrunch. The company’s prolific fundraising efforts spanned prominent institutions in private equity, venture capital and Hollywood, all betting on Katzenberg’s ability to deliver anothe...
Tags: Startups, TC, Hbo, Hollywood, Nbc, Entertainment, Australia, Tech, Information, Netflix, Jeffrey Katzenberg, MGM, Jpmorgan, Apple Facebook, Meg Whitman, Warner Media