The Week That Was: top news in IT and Media [week 17]

The Week That Was: top news in IT and Media [week 17]

It was both ups and downs during the week with many big tech companies presenting quarterly reports. Amazon reported a loss for the first time in 15 years; Meta’s Facebook has stopped losing users, Google-owner Alphabet disappointed markets; shortage of computer chips worries Apple; and Microsoft was better than expected.

Elon Musk got what he wanted buying Twitter and paying cash USD 44 billion! The dominating question after the announcement was; What will happen when a man, who describes himself as a “free speech absolutist”, has bought Twitter?

The EU Commission proposed a directive to improve protection of journalists and human rights defenders from abusive court proceedings. Strategic lawsuit is a particular form of harassment to prevent or penalise speaking up on issues of public interest.

GroupM, WPP’s media investment and advertising group announced the merger of Essence with MediaCom and Mindshare with Neo to create a new cross-channel performance platform built on AI technology. The move builds on Choreograph, WPP’s global data and technology company. The new unit will launch with 10,000 employees across 125 offices in 2023.

Russian cyberattacks related to the war in Ukraine could be expanded and target also countries providing military assistance to Ukraine, Microsoft´s corporate vice president Tom Burt warned in a blog post. The company has observed Russian-aligned actors active in Ukraine showing interest in or conducting operations against organizations in the Baltics and Turkey – all NATO member states.

 

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