Japan to open up Apple- and Google-dominated phone apps to competition

TOKYO (Reuters) – Japan plans to stoke competition in smartphone app payments, dominated by Apple and Google, by banning major app store operators from forcing software developers to use the operators’ own payment systems, a government panel said. The final report by the panel, released on Friday, also said major suppliers of smartphone operating systems…

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Meta’s social media apps back up after outage

(Reuters) -Meta Platforms said on Friday services on its social media apps Facebook and Instagram were restored, more than two hours after an outage that affected thousands of users. At one point, nearly 20,000 users in total said they were having trouble accessing Facebook and Instagram and Meta’s messaging service WhatsApp, according to outage-tracking website…

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Factbox-Potential outcomes of FTC legal bids to block Microsoft-Activision deal

(Reuters) – Microsoft, which is seeking to buy games giant Activision, faces two legal fights in coming weeks with U.S. antitrust enforcers who are determined to stop the $69 billion transaction. Microsoft has pressed for a decision sooner rather than later, noting that the purchase agreement has a termination date of July 18, although such…

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Faraday Future plans reverse stock split and delays EV deliveries

(Reuters) -Electric-vehicle startup Faraday Future Intelligent Electric said on Friday it was planning a reverse stock split, as it looks to regain compliance with Nasdaq’s minimum bid price requirements. Nasdaq requires shares trade above $1 and sends a notice when a company trades below that mark for 30 consecutive business days. Companies then have a…

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U.S. Energy Dept gets two ransom notices as MOVEit hack claims more victims

By Timothy Gardner and Raphael Satter WASHINGTON (Reuters) -The U.S. Department of Energy got ransom requests from the Russia-linked extortion group Cl0p at both its nuclear waste facility and scientific education facility that were recently hit in a global hacking campaign, a spokesperson said on Friday. The DOE contractor Oak Ridge Associated Universities and the…

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Exclusive-Twitter to focus on video, commerce in business revamp – investor presentation

By Sheila Dang (Reuters) -Twitter plans to focus on video, creator and commerce partnerships to revitalize the social media company’s business beyond digital advertising, according to an investor presentation by owner Elon Musk and new Chief Executive Linda Yaccarino that was reviewed by Reuters. Yaccarino, who started as CEO on June 5, told Twitter investors…

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