Saturday, September 2, 2023

Facebook parent Meta ‘rejects’ new regulations of Canada's news law

The Canadian government has revealed new regulations under the Online News Act that require Meta and Google to pay Canadian news publishers. The regulations state that Meta and Google must pay a minimum of 4% of their annual revenue to news outlets for linking to news articles. Both companies argue that the law is unworkable for their businesses. https://ift.tt/SYdxFNn

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Samsung reports Q1 revenue up ~10% YoY to ~$53.4B and operating profit flat YoY at ~$4.5B, above ~$3.8B est., boosted by Galaxy S25 and legacy DRAM sales (Yoolim Lee/Bloomberg)

Yoolim Lee / Bloomberg : Samsung reports Q1 revenue up ~10% YoY to ~$53.4B and operating profit flat YoY at ~$4.5B, above ~$3.8B est., bo...