The Digital Markets Act fines against the tech giants are the first of their kind and could have reached many billions. Did the EU hold back because of US trade tensions?
Social media companies will hope their close relationship with US President Donald Trump will ease the burden of regulation in the likes of Europe and the UK. But parent groups may complicate that.
Last September, the data protection watchdog fined the social media €91m for user password privacy breaches.
The lawsuit is the latest front in an ongoing legal struggle between the Ronan group of companies and Fortress over the repayment of more than €100 million in development loans.
The Data Protection Commission has accepted technical proposals by social media giant Meta on the transfer of data from European users to the US after imposing a record fine on the Irish-headquartered firm.
The social media giant re-invested half of the profits distributed by its Dublin advertising business last year. Ireland itself is the main destination of this splurge on cloud infrastructure.
Earlier this week, The Currency reported that a German bank had appointed receivers over a Dublin property owned by Korean investors. Drawing on new analysis, we explain how the initial deal was structured and why it fell apart.
German lender Landesbank Hessen-Thüringen Girozentrale has installed Grant Thornton as receiver over the prime site in Dublin. It marks the first major commercial property receivership since the slowdown in the sector.
Following an EU court ruling, Meta has now agreed to change how it planned to comply with GDPR rules. The upshot is it may have to offer a paid, ad-free version of its products to European users served out of Dublin.
Former head of Meta Ireland Gareth Lambe has just joined the advisory board of alternative legal services provider Johnson Hana. He talks about AI in law firms, start-ups and the tech meltdown – and comeback.
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