Alphabet
Apple to urge judge to end US smartphone monopoly case
Apple will ask a federal judge to dismiss the case accusing the iPhone maker of unlawfully dominating the smartphone market, in the latest Big Tech antitrust showdown.
Adam Kovacevich
US plan to break up Google’s search dominance threatens profit engine, AI growth
The U.S. Department of Justice’s proposed remedies to break up Google’s search dominance could weaken its main profit engine and stall its advances in AI.
AI
Social media users lack control over data used by AI, US FTC says
Social media companies collect, share and process vast troves of information about their users while offering little transparency or control.
ads
Facebook parent Meta Platforms beats lawsuit over Apple privacy, Sandberg disclosures
Meta won the dismissal of a lawsuit claiming it defrauded shareholders by concealing how changes to Apple’s privacy settings would make Facebook and Instagram less desirable for advertisers.
ad exchanges
Ex-Google exec said goal was to ‘crush’ competition, trial evidence shows
A Google executive told colleagues the goal for the company’s online advertising business in 2009 was to “crush” rival advertising networks.
$1 billion shares
Warren Buffett Firm Berkshire Hathaway Sells Nearly $1B In Bank Of America Shares
Billionaire investor Warren Buffett’s conglomerate Berkshire Hathaway has sold nearly $1 billion worth of shares in Bank of America in the past week.
Academia
Meta expands hate speech policy to remove more posts targeting ‘Zionists’
The Facebook and Instagram parent said in a blog post it would remove content “attacking ‘Zionists’ when it is not explicitly about the political movement.”
AI
Nvidia eclipses Microsoft as world’s most valuable company
Nvidia dethroned tech heavyweight Microsoft as its high-end processors play a central role in a scramble to dominate AI technology.
10-year Treasury note
Wall St edges up as Tesla and Apple gain; Fed decision awaited
Wall Street’s main indexes crept higher in volatile trading on Monday as shares of Tesla and Apple advanced.
Alphabet
Wall St gains after Friday sell-off, Mideast tensions subside
Some megacap growth stocks edged higher in early trading, with Meta Platforms, Amazon.com and Apple up between 0.6% and 1.5%.