BRUSSELS—Facebook could be sued by consumer groups for privacy violations, an adviser to Europe’s top court said on Thursday, in a German online gaming case that could pave the way for similar action across the EU. The case started in 2012 and is one of several privacy and antitrust headaches facing Facebook in Europe, where…
Facebook Could Be Sued by Consumer Groups, EU Court Adviser Says
December 2, 2021
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Excessive Screen Time Paving Way For Chronic Disease In Aussie Kids
Research has revealed that Australian adolescents who are sacrificing sleep, exercise, and healthy eating in favour of more digital screen time are at a heightened risk of mental health issues, obesity, and chronic disease later in life. The study, which pulled data from a 2019 survey of 6,640 11 to 14-year-olds found that 5,565 (86…
Wynn Resorts CEO Matt Maddox to Step Down in January
Wynn Resorts Ltd. Chief Executive Officer Matt Maddox will step down at the end of January and hand over the reins to executive Craig Billings, the casino operator said on Tuesday. Billings, who joined Wynn Resorts as its finance chief in 2017, most recently served as the head of Wynn Interactive, the company’s 72 percent-owned…
US Judge Denies Apple’s Request to Pause Antitrust Orders in ‘Fortnite’ Case
November 10, 2021
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A U.S. judge denied on Tuesday Apple Inc.’s request to pause a set of orders handed down after an antitrust lawsuit brought by ‘Fortnite’ creator Epic Games. Apple had sought to pause an order that would require it to permit buttons, links, and in-app messages about ways to pay for apps without using its own…
China’s Regulatory Crackdown Pushes Tencent to Slowest Revenue Growth Since 2004
November 10, 2021
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SHANGHAI—Chinese gaming and social media giant Tencent Holdings posted its slowest revenue growth since it went public in 2004 on Wednesday, hurt by a regulatory crackdown, and said the outlook for the advertising sector would remain weak into next year. Revenue climbed 13 percent to 142.4 billion yuan, slightly below expectations, and was the slowest…
Nintendo Can’t Fulfil Switch Holiday Demand, Cuts Forecast on Chip Shortage
TOKYO—Nintendo Co. Ltd. on Thursday cut its full year Switch sales forecast by 6 percent and said it is struggling to meet demand in the key year-end shopping season as chip shortages disrupt production of the hit device. While many companies have warned of the risks posed by the global semiconductor shortage, most have stopped short…
Sega, Microsoft Explore Cloud Gaming Alliance
November 2, 2021
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TOKYO—Sega Sammy Holdings on Monday said it is exploring a strategic alliance with Microsoft to develop big budget titles using the Xbox maker’s cloud gaming tech, driving anticipation the move could signal a deeper tie-up. Tokyo-based Sega is exploring making titles with global reach on Microsoft’s Azure cloud platform, it said in a stock exchange…
Apple Objects to Links to Outside Payments Ahead of Epic Games Hearing
October 30, 2021
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Apple Inc. on Friday outlined its objections to allowing app developers to link to third-party payment options ahead of a hearing next month that could determine whether a set of antitrust court orders is put on pause. After a lengthy trial earlier this year brought by “Fortnite” creator Epic Games, U.S. District Court Judge Yvonne…
GameStop Chief Operating Officer Owens Leaves After 7 Months
October 30, 2021
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GameStop Corp., the company whose stock became a sensation with day traders this year, said on Friday that Jenna Owens agreed to leave, just seven months after joining the video game retailer as its chief operating officer. It is the first major executive departure at GameStop since the company hired a new chief executive officer,…
Meta Platforms Shares Rise as Facebook Rebrands to Focus on Metaverse
October 29, 2021
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Shares of Meta Platforms Inc. rose marginally in premarket trading on Friday after social media giant Facebook rebranded itself to build the “metaverse”, a shared virtual environment. Chief Executive Officer Mark Zuckerberg said on Thursday the new name reflects the company’s work invested in the metaverse, rather than its namesake social media service, which will…
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