FLASH NEWS
Meta $META The European Commission on Thursday fined Meta Platforms 797.72 million euros ($840.24 million) for unfair practices in favor of Facebook Marketplace, it said in a statement, confirming an earlier Reuters report.

Alphabet $GOOG The US Consumer Financial Protection Bureau (CFPB) has taken steps to bring Google under formal federal oversight, the Washington Post reported, in what could be another regulatory challenge for the tech giant.

AMD $AMD Advanced Micro Devices is laying off 4% of its global workforce, or about 1,000 employees, as it focuses efforts on developing artificial intelligence chips in an effort to compete with the industry leader.

Big tech facing some big challenges lately... 🤔💻 It seems like regulatory scrutiny is tightening around companies like Meta, Google, and AMD. Will they be able to navigate these obstacles and come out even stronger? Time will tell. 