Google Pleads with EU Court to Overturn $1.6b Antitrust Fine

Fourth EstateGoogle AdSense Stickers

Google appealed to the European Union’s second-highest court on Monday to junk its $1.6 billion antitrust fine over alleged abuse of dominance in online search advertisements. The tech company went on a three-day hearing to dispute the European Commission’s accusation …

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EU Watchdog Eyes Crackdown on Misleading Ads for Online Financial Services

Fourth EstateThe European Securities and Markets Authority (ESMA),

The European Union’s securities watchdog proposed on Friday that regulators should have more powers to scrutinize financial services to protect retail investors from misleading marketing strategies. The European Securities and Markets Authority (ESMA) gave recommendations to the EU’s executive European …

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Lenovo Singapore, Reseller Made ‘Misleading Claims’ About Some Gaming Laptop Models, Says Competition Watchdog

Fourth EstateLenovo reception hall - Ming Xia/Flickr

Lenovo Singapore and its former authorized reseller Want Join have been found guilty of making misleading claims when advertising the capabilities of some of its gaming laptop models. In January 2020, the Consumers Association of Singapore (CASE) released a case …

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Tesla Opens German Gigafactory

Fourth EstateTesla Gigafactory Berlin

Tesla opened a $5.5 billion worth Gigafactory in the city of Grunheide, Germany. The Gigafactory, located near Berlin, produced its first 30 Model Y Performance vehicles, which have been delivered to its buyers.  The Tesla establishment is set to provide …

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China Allocates $300,000 for US Influencers Ahead of Beijing Olympics

Media reports said the Chinese government paid a US-based PR firm to clean China’s image ahead of the Winter Olympics.  According to Australia’s commercial news site, news.com.au, China spent $300,000 for Vippi Media to enlist influencers with hundreds of thousands …

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Meta Expands Eligibility for Crypto Ads

Meta revised its eligibility standards for bitcoin goods wishing to run advertising on its platforms on Wednesday, December 1. It has raised the number of global regulatory licenses it accepts from three to twenty-seven. This page contains Meta’s list of …

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Tesla to Move HQ to Austin Texas

Electric carmaker Tesla has announced that it will be moving the company’s corporate headquarters from Palo Alto, California to Austin, Texas. Tesla CEO, Elon Musk made the surprise announcement during Tesla’s annual meeting of the company’s shareholders. Musk stated: “I’m …

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