Legal

Meta Fined $1.3 Billion Over Privacy Concerns

Meta Platforms was fined $1.3 billion by European Union regulators for sending the personal information of European Facebook users to the United States.

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The Crisis of AI and IP Theft

With the overwhelming growth of language-based AI applications, many individuals are becoming concerned about where the data and information were obtained and whether the Ai companies had the rights to it.

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Judge Orders Sanctions in Massive Anti-trust Case Against Google

A federal judge ordered sanctions for Google Tuesday in a multidistrict litigation case after the global technology giant was found to have not adequately preserved communications that were exchanged internally on its Chat message system.

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Senate Blasts SVB Managers

The fallout of Silicon Valley Bank’s failure rumbled through Washington on Tuesday, with lawmakers from both parties demanding that the Federal Reserve explain why it didn’t use powers it had and some Democrats calling for tighter financial rules.

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FTX Charged with Bribing Chinese Officials

Prosecutors accused FTX founder Sam Bankman-Fried of conspiring to bribe Chinese government officials to regain access to more than $1 billion in frozen cryptocurrency, in a new indictment that charged him with violating U.S. anti-corruption law.

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Binance Under Fire from U.S. Regulators

U.S. financial regulators have accused Binance of operating within the United States illegally as the largest crypto exchange in the world is now facing serious compliance violations.

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DOJ Takes Aim On Google

The US Justice Department is poised to sue Alphabet Inc.’s Google as soon as Tuesday regarding the search giant’s dominance over the digital advertising market, according to people familiar with the matter.

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TikTok Seeks to Appease Regulators with $1.5 Billion Investment

The TikTok saga continues as the social media company goes back and forth with regulators as to whether or not the popular video-sharing app will be able to continue operating within the United States.

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SEC Charges Former McDonalds CEO

Former McDonalds CEO Steve Easterbrook agreed to a five-year bar from serving as an officer or director of a public company, to resolve a regulatory investigation over allegedly misleading statements he made about having sexual relationships with employees.

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Microsoft Battles for FTC Activision Deal

Microsoft has announced its intentions to fight against the lawsuit brought by the Federal Trade Commission attempting to block Microsoft from purchasing Activision Blizzard for $75 billion.

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Meta Fined $276 Million

Facebook’s parent company Meta was fined $276 million today by Ireland’s Data Protection Commission for failing to devise better methods of safeguarding consumer data of more than half a billion people.

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Elizabeth Holmes Sentenced to Over 11 Years in Prison

Elizabeth Holmes, the once-believed wonder woman that would revolutionize blood testing for the future has been sentenced to over 11 years in prison after being convicted of defrauding investors.

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