The FinTech Hub
Source: The Verge A long-awaited trial between Meta and the Federal Trade Commission kicks off on April 14th. Over about two months, DC District Court Judge James Boasberg will hear arguments about whether Facebook illegally monopolized the market for personal social networking services through its 2012 and 2014 acquisitions of Instagram and WhatsApp. The FTC…
Source: The Verge Elon Musk’s popularity with the American public is waning, according to the latest polling average from Nate Silver’s Silver Bulletin. The billionaire CEO of multiple companies wears many hats, but the most visible one of late has been as the face of the Department of Government Efficiency (DOGE), an organization that has…
Source: The Verge Smartphones, laptops, and other products that are exempt from Trump’s April 9th tariffs will be lumped in with duties on semiconductors in “a month or two,” Commerce Secretary Howard Lutnick told ABC News anchor Jonathan Karl on This Week. Yesterday, the Trump administration released updated guidance that excluded smartphones, laptops, and more…
Source: The Verge The Trump administration has excluded “smartphones, computers, and other electronics” from tariffs, even those imported from China, reports Bloomberg. Late last night, US Customs and Border Protection (CBP) updated its guidance to exempt smartphones, laptops, hard drives, computer processors, and memory chips from the tariffs, according to Bloomberg. The same goes for…
Source: The Verge For a while, it looked like President Donald Trump was going to have Big Tech’s back. Now, the tech industry is collateral damage in his global trade war. On Thursday, European Commission President Ursula von der Leyen floated the idea of placing “a levy on the advertising revenues of digital services” if…
Source: The Verge A new report from ProPublica published Thursday showed how the Louisiana government is using TIGER (Targeted Interventions to Greater Enhance Re-entry), a computer program developed by Louisiana State University to prevent recidivism, to approve or deny parole applications based on a score calculating their risk of returning to prison. Though the algorithm…
Source: The Verge (If you’re reading this, please go vote for The Vergecast in the Webby Awards! Voting is open for roughly another week, and we’re up against some steep competition — it would mean the world to us if you’d pick us. Thank you so much!) It’s important to keep saying that we still…
Source: The Verge On Monday, Meta will face the Federal Trade Commission in a legal fight that could reshape the social media landscape. Over the next two months, the US government will make its case that the company’s 2012 acquisition of Instagram and 2014 acquisition of WhatsApp squashed potential threats to its dominance. Meta, which…
Source: The Verge China has once again raised its tariff on US goods to match Trump’s, for what it says is the final time. China’s tariff is now set at 125 percent, as it warns that the US is on track to become an economic “joke.” In a statement from China’s Ministry of Finance, which…
Source: The Verge Elon Musk’s Department of Government Efficiency (DOGE) fired about 30 members of the National Highway and Traffic Safety Administration (NHTSA) in February, and many of them were part of a department that assesses the risks of self-driving cars, according to the Financial Times. One worker laid off from the NHTSA’s so-called “office…
