Could Meta be forced to sell Instagram? PS5 prices to rise across several markets
A trial in the landmark antitrust case against social media giant Meta kicks off in Washington on Monday. The US competition and consumer watchdog alleges that Meta, which already owned Facebook, bought Instagram in 2012 and WhatsApp in 2014 to eliminate competition, effectively giving itself a monopoly. The FTC reviewed and approved those acquisitions but committed to monitor the outcomes. If the Federal Trade Commission (FTC) wins the case it could force Meta CEO Mark Zuckerberg to sell off both Instagram and WhatsApp. BBC
The exemption of smartphones, laptops and other electronic products from import tariffs on China will be short-lived, top US officials have said, with Donald Trump warning that no one was “getting off the hook.” “There was no Tariff ‘exception’, Trump said in a social media post on Sunday. “These products are subject to the existing 20% Fentanyl Tariffs, and they are just moving to a different Tariff ‘bucket.’” In the post on his Truth Social platform, Trump promised to launch a national security trade investigation into the semiconductor sector and the “whole electronics supply chain”. The Guardian
Sony has announced a price increase for its PlayStation 5 consoles across several key markets, including the UK and Europe, attributing the decision to a “challenging” economic environment. The price of the digital edition of the PS5 in the UK will rise by £40 to £429.99, while European customers will see an approximate €50 increase, bringing the cost to €499.99. Similar price hikes are also slated for Australia and New Zealand. In a blog post explaining the move, Sony Interactive Entertainment (SIE) executive Isabelle Tomatis pointed to “high inflation and fluctuating exchange rates” as the primary drivers behind the price adjustments. Tech Digest
It’s been more than 60 years since a woman travelled into space without a man. And now six of them are blasting off from Earth. Popstar Katy Perry, author Lauren Sanchez, journalist and TV presenter Gayle King, civil rights activist Amanda Nguyen, former rocket scientist Aisha Bowe and filmmaker Kerianne Flynn are due to launch in Jeff Bezos‘ Blue Origin rocket today. It will be the latest flight of the New Shepard programme, named NS-31, and is aiming to “create a lasting impact that will inspire generations”. Sky News
