The Dow Jones rose Thursday after a surprise drop in jobless claims. Meta stock surged, but hot AI stock Mobileye crashed 30% on earnings. Read More...
Reuters
Microsoft hits back at UK after Activision acquisition blocked
Microsoft’s president Brad Smith said the UK regulator’s decision to prevent its acquisition of ‘Call of Duty’ maker Activision Blizzard “had shaken confidence” in Britain as a destination for tech businesses. The Competition and Markets Authority (CMA), which operates independently from government, blocked the deal on Wednesday, saying it could hit competition in the nascent cloud gaming market. Microsoft hit back on Thursday, saying it was “probably the darkest day in our four decades in Britain” and sent the wrong message to the global tech industry about the UK.
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