🚀 Meta & TikTok Win EU Fee Battle | 💰 Larry Ellison Richer than Elon Musk | 🔐 US Senator Probes Microsoft Cybersecurity

Meta and TikTok Win Challenge Against EU Tech Fees

What Happened: Meta and TikTok successfully challenged the European Commission over the methodology used to calculate a supervisory fee imposed under the EU’s Digital Services Act. The fee, set at 0.05% of their global annual net income, was contested for being disproportionate because of flawed calculations tied to monthly active users and profitability. The EU court ruled in favor of the companies but did not grant refunds for fees already paid, instead ordering regulators to reformulate the fee's legal basis within a year.

Why It Matters: This legal win could reshape how the EU enforces its landmark tech regulations aimed at curbing illegal content online, forcing regulators to revisit financial penalties on major platforms. It sets a precedent for tech giants to hold regulators accountable on fee assessments under evolving digital law frameworks.

Larry Ellison Overtakes Elon Musk as World's Richest Man

What Happened: Oracle co-founder Larry Ellison surged past Elon Musk to claim the title of the world’s richest person after Oracle’s stock soared more than 40% following a blockbuster earnings report. Ellison’s net worth hit $393 billion, eclipsing Musk’s $385 billion, fueled by AI-related cloud infrastructure contracts.

Why It Matters: Ellison’s rise signals a shift in tech wealth linked to enterprise AI and cloud dominance, contrasting Musk’s faltering Tesla shares. It highlights the evolving dynamics among tech heavyweights and the rising value of data center and AI services in the global economy.

US Senator Wyden Pushes FTC to Investigate Microsoft on Cybersecurity Negligence

What Happened: Senator Ron Wyden has called on the U.S. Federal Trade Commission to investigate Microsoft for what he describes as "gross cybersecurity negligence." The allegations include failing to adequately secure its software products and cloud services, which could put sensitive user data and infrastructure at risk. Wyden's push reflects growing Congressional scrutiny of major tech firms' responsibility to protect users from cyber threats.

Why It Matters: This call for investigation highlights escalating regulatory pressure on tech giants over cybersecurity practices amid increasing cyberattacks. It underscores the critical demand for stronger accountability and improved security protocols in the technology sector to safeguard digital trust.

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Big Tech is witnessing a fascinating shift with Larry Ellison’s meteoric rise, symbolizing a surging faith in AI cloud infrastructure amid mixed performance in consumer-focused stocks like Tesla.

Startup funding remains cautious yet steady, with a focus on the AI and healthcare sectors. Infrastructure gains linger in cloud services and AI hardware as chips continue to draw investment, while semiconductors face mild volatility.

In a wild card move, cybersecurity concerns come to the fore with heightened scrutiny on Microsoft, signaling a shift in regulatory focus. Investors eye upcoming inflation data for further market cues as rate cut speculation intensifies.

Bitcoin Breaks $113K as US PPI Falls

What Happened: Bitcoin’s price sharply rose above $113,000 after U.S. Producer Price Index (PPI) inflation data came in cooler than expected, signaling easing inflationary pressures. Traders speculated on increased chances of a significant Federal Reserve interest rate cut soon.

Why It Matters: The surge supports a bullish outlook for Bitcoin and the wider crypto market as lower inflation could trigger monetary easing, historically correlated with crypto rallies. This positions BTC for potential gains ahead of key CPI data releases.

XRP Roars with $387M Volume on Upbit Amid $3 Tug-of-War

What Happened: XRP saw $387 million in trading volume on South Korea’s Upbit exchange, with the $3 price level turning into a tug-of-war point between bulls and bears. The token’s surge has made it the focus of intense trading activity and market speculation.

 Why It Matters: XRP’s volume surge reflects renewed investor confidence in its utility for fast, efficient cross-border payments and hints at possible price consolidation or breakout near a key technical threshold, attracting traders globally.

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