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European Commission Warns Meta Over Failing to Protect Children Under 13

Key Points: The European Commission determined Meta broke EU laws by allowing children under 13 to use Facebook and Instagram. Investigators found that children easily bypass age limits using fake birthdays, and the platform ignores user reports about underage accounts. Regulators threaten to fine the tech giant up to 6% of its global annual revenue if the company fails to fix these issues. This warning...

Elon Musk Secures Absolute Control Over SpaceX Ahead of Public Offering

Key Points: SpaceX told investors that no one can remove Elon Musk from his leadership roles without his direct consent. The company will use a dual-class share system, giving Musk super-voting Class B shares with 10 votes each. Corporate governance experts call this level of control highly unusual compared to other major technology companies. SpaceX incorporated in Texas after a Delaware judge previously voided a...

China Threatens Retaliation Over Proposed European Ban on Huawei

Key Points: China warned the European Union of direct countermeasures if it bans Huawei and ZTE telecommunications equipment. Chinese officials demanded the removal of draft language labeling their technology companies as high-risk suppliers. Commission Vice President Henna Virkkunen wants to make the removal of Chinese network equipment mandatory across the continent. Several European nations already limit Huawei technology under voluntary guidelines issued back in 2020....