The week that was: top IT and Media news of the first week of the year! The most comprehensive and efficient IT and media news summary.
Apple was the first company to reach a stock market value of USD 3 trillion. The company was in 2018 was the first to reach a stock market value of USD 1 trillion. The success is mainly explained by the global interest in the company’s iPhones.
The German competition authority announced that it is investigating anti-competitive practices by big tech – Google, Amazon, Apple and Meta – based on a new law that entered into force in January. The Bundeskartellamt said it has informed Alphabet and its subsidiary Google that they are “subject to extended abuse control by the competition authority”.
The Grammy Awards were postponed because of the fast spreading Omikron version of COVID19. The show had earlier been scheduled for January 31 in Los Angeles. No new date has been announced.
Bloomberg’s CEO Justin Smith and New York Times’ media columnist Ben Smith are starting their own media brand, backed by the former Atlantic owner David Brandley. Justin Smith in an email said the “plan is to launch a premium news business that serves unbiased journalism to a global audience and provides a high-quality platform for the best journalists in the world.”
Another independent news outlet in Hong Kong – Citizen News – closed its operation citing “deteriorating media environment”. The announcement came just days after another independent Hong Kong news outlet, Stand News, closed its operations after a police raid at its newsroom and the arrest of several of its members.