FT News Briefing EU wants Big Tech to pay for news, Tesla’s bitcoin investment, SoftBank Vision Fund makes big gains
Feb 9, 2021
EU lawmakers are pushing for regulations that would require Big Tech to pay news organizations for the content they share, inspired by Australia. Tesla's substantial investment in Bitcoin has propelled the cryptocurrency to new heights, while oil prices have surged to $60 a barrel for the first time in a year. Additionally, insights from the Tokyo correspondent highlight SoftBank's Vision Fund achieving its best quarter since its inception in 2017, showcasing the dynamic landscape of tech investments and market shifts.
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Big Tech News Payments
- EU lawmakers want Big Tech to pay for news shared on their platforms, similar to a recent Australian law.
- This aims to support publishers, but faces resistance from companies like Google and Facebook.
Tesla Boosts Bitcoin
- Tesla's $1.5 billion Bitcoin investment pushed Bitcoin's value above $44,000.
- Tesla also announced plans to accept Bitcoin as payment for its vehicles.
Oil Prices Rebound
- Oil prices hit new highs for the year, with Brent crude over $60 and West Texas Intermediate over $57.
- This rebound follows pandemic-driven losses and is attributed to supply cuts and reduced investment.