Tech Brew Ride Home Mon. 03/25 – The Wheels Of DMA Justice Move Fast
Mar 25, 2024
The EU is moving swiftly with investigations into tech giants like Apple and Google under new competition laws. Stability AI faces leadership changes, while X struggles with falling user numbers. Exciting updates for iPhone users are on the horizon with greater home screen customization in iOS 18. On another note, Spotify is venturing into online learning. The tech world is also buzzing about insider trading, with heavy selling by major figures raising eyebrows about market health.
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EU's DMA Investigations
- The EU opened DMA investigations into Apple, Google, and Meta over app store practices and data usage.
- These probes aim to ensure fairer competition and user choice in the digital market.
Stability AI Turmoil
- Stability AI's CEO, Emad Mostaque, resigned after key researchers and executives departed.
- The company, known for Stable Diffusion, faced internal discontent and financial challenges.
X's User Decline
- X (formerly Twitter) saw a significant decline in daily active users, down 18% year-on-year in the U.S.
- This decline is attributed to user frustration with content moderation, technical issues, and competition.