Platforms Inc. has agreed to pay $725 million to settle a lawsuit that accused the company of allowing Cambridge Analytica and other third parties to access private information about millions of users. This is a huge victory for the plaintiffs, who argued that the company's actions violated their privacy rights.
Tencent and Sea Ltd. are both signaling that the $200 billion gaming industry is in for an even rockier year.
Meta Platforms Inc. has agreed to pay $725 million to settle a long-running lawsuit that claimed Facebook illegally shared user data with the research firm Cambridge Analytica.
Tribe Capital wrote to a select group of its co-investors earlier this month to inform them of some bad news.
Huawei has secured an extension to its patent licensing deal with Nokia, suggesting that the Chinese company continues to lead in networking technology despite years of US sanctions.
France's privacy watchdog has fined Microsoft Corp. for violating the country's data privacy laws. Microsoft has been ordered to pay a fine of 150,000 euros.
An former Twitter Inc. manager who was fired as part of billionaire Elon Musk's revamping of the social-media platform claims the company improperly canceled some stock options he had.