Americans spent 53 billion hours on TikTok last year, according to one Wall Street estimate. If the service is banned in the U.S., much of that time could go to Meta, YouTube, and Snap. What it all means for stocks. Read More...
Reuters
US court sanctions Google in privacy case, company’s second legal setback in days
A U.S. court has sanctioned Google LLC for a second time in recent days, after a judge in a decision unsealed on Wednesday said the Alphabet Inc unit took too long to comply with a ruling last year in a data-privacy class action. The order from U.S. Magistrate Judge Susan van Keulen in San Jose, California, stems from a class action claiming Google unlawfully tracked its users while they were using the company’s Chrome browsers in private, or “incognito,” mode. In a separate decision on Tuesday in California, U.S. District Judge James Donato concluded Google had failed to preserve employees’ “chat” records as evidence in antitrust litigation.
