FT News Briefing Deadline set for Brexit talks, Facebook hit with antitrust lawsuits, DoorDash floats
Dec 10, 2020
A crucial Sunday deadline looms for Brexit talks between Boris Johnson and the EU, sparking concerns over trade disruptions. Meanwhile, Facebook faces antitrust lawsuits from the US government and multiple states, marking a significant legal challenge for the tech giant. In the world of public offerings, DoorDash makes waves with an impressive debut, reaching a market value near $60 billion. Lastly, the podcast delves into Disney's struggle to adapt its streaming strategy amid evolving media landscapes.
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Brexit Deadline
- Brexit talks remain stalled after Johnson and von der Leyen's dinner.
- A Sunday deadline is set for deciding the talks' future.
Post-Transition Talks
- Talks must conclude before December 31st to avoid WTO trading terms.
- A provisional agreement is needed to extend negotiations.
Facebook Antitrust
- Facebook faces antitrust lawsuits for alleged monopolistic practices.
- Accusations include neutralizing competition by acquiring Instagram and WhatsApp.