BOSTON (Reuters) – A Massachusetts judge has rejected Meta Platforms’ bid to dismiss a lawsuit by the state alleging the social media company purposely deployed features on its Instagram platform to addict young users and deceived the public about the dangers its product posed to teenagers’ mental health. Suffolk County Superior Court Judge Peter Krupp […]
US judge grants Google request to put Play store overhaul on temporary hold
By Mike Scarcella (Reuters) – Google said on Friday that a federal judge in California granted its request to pause his order directing the Alphabet unit to overhaul its Android app store Play by Nov. 1 to give consumers more choice over how they download software. San Francisco-based U.S. District Judge James Donato made the […]
US Cellular to sell select spectrum assets to Verizon for $1 billion
(Reuters) – United States Cellular said on Friday it has agreed to sell some of its spectrum licenses to Verizon in a $1 billion deal. U.S. Cellular’s shares jumped 3.9% in trading before the bell. The company will sell portion of its spectrum licenses used for mobile phone signals and high-speed data services to Verizon. […]
Fed’s Bostic says he is in no rush to get rates down to neutral
(Reuters) – Atlanta Federal Reserve Bank President Raphael Bostic said Friday he will be patient on cutting rates to make sure inflation does not stall out above the U.S. central bank’s 2% target. “I’m not in a rush to get anywhere,” Bostic told the Mississippi Council on Economic Education Forum on American Enterprise in […]