metaplatformsinc
Oracle’s founder and largest shareholder, Larry Ellison, saw his net worth jump by $14 billion to $152 billion overnight following the company’s positive year-end financial results. Oracle’s shares surged by 13% on June 11, propelling Ellison up two spots on the Bloomberg Billionaires Index, surpassing former Microsoft CEO Steve Ballmer and Google co-founder Sergey Brin. Ellison’s financial leap driven by Oracle’s performanceEllison, who owns more than 40% of Oracle, experienced a significant boost in his fortune due to the company’s robust performance and promising outlook. In 2024 alone, Ell...
Invezz
Turkey’s competition board has levied a hefty fine of 1.2 billion lira ($37.20 million) against Meta Platforms on Wednesday, following the conclusion of two separate investigations into the tech giant’s data-sharing activities involving its social media platforms including Facebook, Instagram, WhatsApp, and Threads. Investigations into Threads and Instagram integrationThe investigations, which began in December, focused on potential violations of competition law stemming from the integration of Threads and Instagram. In response to these concerns, the competition board in March implemented int...
Invezz
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