WS #10830
Australia will double penalties for social media firms breaching under-16 ban to $99M and strengthen regulator powers, pressuring Meta, TikTok, and others. Axios reports Trump administration is close to allowing Anthropic to restore access to its powerful Fable 5 AI model, a positive for AI sector sentiment. Indian IT firm Persistent Systems offers €81/share for Nagarro, a ~100% premium to the last close, valuing Nagarro at over €1 billion. Bloomberg reports tech slump deepening with NASDAQ down 1.49% and breadth deteriorating, indicating continued weakness in growth stocks.
Australia Toughens Social Media Ban
Australia will double penalties for social media firms breaching under-16 ban to $99M and strengthen regulator powers, pressuring Meta, TikTok, and others.
Axios reports Trump administration is close to allowing Anthropic to restore access to its powerful Fable 5 AI model, a positive for AI sector sentiment.
Indian IT firm Persistent Systems offers €81/share for Nagarro, a ~100% premium to the last close, valuing Nagarro at over €1 billion.
Bloomberg reports tech slump deepening with NASDAQ down 1.49% and breadth deteriorating, indicating continued weakness in growth stocks.