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Swedish court orders Google to pay Klarna nearly $2 billion in antitrust damages
A Swedish court has ordered Google to pay more than 14 billion kronor to Klarna’s PriceRunner subsidiary for illegally favouring its own comparison shopping service in search results. The ruling, ha [...]
How an Oregon court became the stage for a $115,000 showdown between Meta and Facebook creators
Some of the most successful creators on Facebook aren't names you'd ever recognize. In fact, many of their pages don't have a face or recognizable persona attached. Instead, they run pa [...]
Meta wins more than $167 million in damages from spyware maker that targeted WhatsApp
A jury has ruled that the company behind the infamous Pegasus spyware must pay Meta more than $167 million in damages for spreading malware via WhatsApp. The ruling is a major victory for Meta after a [...]
Klarna launches US savings accounts at 3.28% as the buy-now-pay-later company tries to become a bank
Klarna is launching high-yield savings accounts in the United States with an annual percentage yield starting at 3.28%. The accounts are FDIC-insured through a partnership with WebBank and are desig [...]
Klarna just struck a $1.7 billion deal to free up capital for $40 billion in lending. Its stock is down 76 per cent from its IPO high.
Six months after listing on the New York Stock Exchange at $40 a share, Klarna is trading at roughly $12. The Swedish buy-now-pay-later company that once symbolised European fintech’s arrival on Wal [...]
Google ordered to pay $665 million for anticompetitive practices in Germany
Google may have to fork over 572 million euros, or nearly $665 million, to two German companies for "market abuse," according to a recent ruling from a Berlin court. First reported by Reuter [...]
Supreme Court denies Google's request to pause Play Store changes while it appeals Epic case
Google has failed to convince the Supreme Court to block the injunction requiring the company to make major changes to the Play Store after it lost its case with Epic Games. The Verge and Reuters have [...]