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Apple faces £2 bn lawsuit in UK over app privacy feature
AFP21d agobearish
Apple faces £2 bn lawsuit in UK over app privacy feature

Apple faces a £2 billion ($2.7 billion) lawsuit brought by UK app developers who accused Thursday the US tech giant of giving its own advertising services an unfair advantage by imposing tougher privacy rules on third parties.The claimants argue that the system was "designed and implemented unfairly and without proper consultation, imposing stricter requirements on third-party app developers than on its own services."

Investing.com21d agobearish
Apple faces £2bn UK lawsuit over app tracking rules

Investing.com -- Apple Inc is facing a £2 billion ($2.7 billion) lawsuit in London brought on behalf of app developers over its app tracking rules. The iPhone maker is accused of abusing its power to impose stricter restrictions on third parties than on its own services.

Apple Faces £2 Billion UK Lawsuit Over App Tracking Transparency Rules
InvestorsHub21d agobearish
Apple Faces £2 Billion UK Lawsuit Over App Tracking Transparency Rules

Apple (NASDAQ:AAPL) is facing a £2 billion ($2. 7 billion) lawsuit in London brought on behalf of app developers over its App Tracking Transparency rules, with the claim alleging that the company imposed stricter requirements on third-party developers than on its own services.

US judge rejects bid to break up Google's ad business
AFP22d agoneutral
US judge rejects bid to break up Google's ad business

A US federal judge on Wednesday refused to force Google to sell a division of its digital advertising business, rejecting the government's push to break up part of the company's ad empire.The decision is the second time in recent years that a federal judge has declined to dismantle a piece of Google's business, after a judge last year refused to force the sale of its Chrome browser in a separate monopoly case over online search.

The Numbers John Ternus Inherits at Apple
The Wall Street Journal23d agoneutral
The Numbers John Ternus Inherits at Apple

$4.8 trillion Apple’s market capitalization sits at nearly this number, just below its late July peak. It is a massive figure that translates to more than 30 times next year’s expected profit, well over the earnings multiple of the broader S&P 500 index at 20 times.

Investing.com23d agoneutral
Apple outlines Ternus, Cook compensation in CEO transition

Investing.com -- Apple has set John Ternus’ annual salary at $3 million as he takes over as chief executive, while the company outlined a new compensation structure for both Ternus and longtime CEO Tim Cook in a regulatory filing on Tuesday.

Gap Up on Leadership Shift; Shein's Market Debut | Stock Movers
Bloomberg23d agoneutralVIDEO
Gap Up on Leadership Shift; Shein's Market Debut | Stock Movers

On this episode of Stock Movers: - Gap (GAP) shares jumped after naming a retail industry veteran to head Old Navy and profit outpaced estimates, offsetting a sales decline at the value chain and lower sales guidance. - Apple's (AAPL) Tim Cook handed over the reins to John Ternus on Tuesday, capping a tenure as chief executive officer that cemented the company as an iconic global brand and turned its stock into one of the most reliable bets. - Shein Global Holdings' shares long-awaited market debut has come at an awkward time: the fast-fashion retailer's peak growth years are behind it just as tariffs, regulatory pressure and intensifying competition are making its next phase harder.

What Does Apple (AAPL) Risk From Its Trade Secrets Lawsuit?
Simply Wall St.23d agobearish
What Does Apple (AAPL) Risk From Its Trade Secrets Lawsuit?

Apple (NasdaqGS:AAPL) has filed a lawsuit against OpenAI and a former engineer over alleged theft of confidential circuit schematics and related trade secrets. The complaint accuses the former Apple employee of misappropriating proprietary hardware designs and integrating them into OpenAI projects. Apple is seeking damages, a preliminary injunction, and court orders to destroy any materials that allegedly contain its protected technology. The case adds fresh scrutiny to how major AI players...

Apple's new CEO, John Ternus, takes over from Tim Cook after 15 years
Associated Press23d agoneutral
Apple's new CEO, John Ternus, takes over from Tim Cook after 15 years

Apple's new CEO John Ternus takes the helm of the iconic tech giant on Tuesday, ending Tim Cook's 15-year tenure during which the company's value skyrocket to $4.6 trillion thanks to the iPhone's enormous popularity. The transition to a new CEO comes at a pivotal time for Apple. Artificial intelligence has unleashed the greatest upheaval within the industry since Steve Jobs unveiled the first iPhone in 2007.