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In a groundbreaking move, the European Union has fined Apple €500M and Meta €200M, marking the first enforcement of the Digital Markets Act. Both companies argue the fines threaten their business models and user privacy.
Huawei has reported a remarkable 22.4% increase in revenue for 2024, reaching 862.1 billion yuan, driven by strong sales in its telecommunications and consumer sectors. Despite challenges from U.S. sanctions, the company is diversifying and adapting its business model.
In a dramatic turn of events, 23andMe has filed for Chapter 11 bankruptcy, leading to the immediate resignation of CEO Anne Wojcicki. The company plans to sell its assets while navigating financial turmoil and ongoing efforts to safeguard customer data.
