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Britain’s top competition regulator moved to block Microsoft’s $69 billion acquisition of video game publisher Activision Blizzard. The measure marks a significant blow for the US tech company, as it seeks to convince authorities that it will benefit competition. Microsoft said it will appeal the decision. Shares of Activision Blizzard declined more than 8% in early US trading. The…
Google has been investing a lot of money into its cloud-computing business to compete with Microsoft and Amazon. Those high investments are ultimately turned into a profit. Alphabet said that Google’s cloud-computing business is profitable for the first time after years of heavy investment. According to Alphabet’s earnings statement, “The segment generated $191 million in operating income…
The European Union has agreed to a landmark plan to boost its chip industry. The initiative, dubbed the European Chips Act, seeks to help the bloc compete with the USA and Asia on technology, and secure control over a critical bit of technology behind the world’s electronics products and devices. The EU Parliament and 27…
Twitter has announced a new feature that allows its Blue subscribers to tweet up to 10,000 characters messages that will also give them the option of bold and italic formatting. The recent features allow longer content than the short snippets of text for which Twitter is known for years. Twitter earlier had a limit of…
