The Week That Was: the 6 things you need to know
Google launched a new alternative to third party cookies to target advertising since the markets did not accept company’s earlier proposal, called FLoC. The alternative, called Topics, replaces FLoC. Google will close the option of targeting advertising using third party cookies saying this will improve online privacy.
Musician Neil Young and now also singer Joni Mitchell say that they don’t want to have their music on Spotify if the company allows podcast star Joe Rogan to continue having his podcasts on Spotify. They protest against controversial statements on the podcast about the value of mass vaccination against covid.
Apple reported an all-time revenue record of USD 123.9 billion, up 11% year over year for the quarter ending December 31. Microsoft reported revenues of $51.7 billion, increased 20% and operating income of $22.2 billion, increased 24%, for the quarter. The other big three – Amazon, Alphabet and Meta – report in week 5.
The intensive demand for digital and data-driven businesses will probably mean “another supercharged year” for mergers and acquisitions (M&A), consultancy PwC forecasts for 2022. A warning is that higher interest rates, rising inflation, increased taxes and greater regulation could pose structural or financial hurdles.
Twitter is facing unprecedented challenges as governments around the world increasingly attempt to intervene and remove content, the company said. Of the total global volume of legal demands in the first half of 2021, 95% originated from only five countries (in decreasing order): Japan, Russia, Turkey, India, and South Korea.
Norway, France and the UK, followed closely by Finland and Sweden, are the countries with the closest to diversity in corporate governance, according to a survey by Kantar Public for the association European Women on Boards. The worst country is Greece, followed by Luxembourg, Poland and Switzerland.
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