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Big Tech cozied up to Trump — it’s not getting much in return | The US has put Meta, Apple, Tesla, TikTok, and others in a tough spot.
Trump’s tariffs are hurting the tech CEOs who cozied up to him.
On Thursday, European Commission President Ursula von der Leyen floated the idea of placing “a levy on the advertising revenues of digital services” if tariff negotiations with the US go south. When asked this week about the extended deadline to reach a TikTok deal in the US, a spokesperson for China’s commerce ministry said the government “opposes practices that ignore the laws of the market economy, plunder by force, and damage the legitimate rights and interests of enterprises.” More headlines: AI models are letting down their guard … ByteDance reportedly made $39 billion from TikTok last year, a 63-percent increase and about 25 percent of its total revenue… Waymo is coming to Market Street in downtown San Francisco… Google employees are now free to talk about the company’s monopoly case against the Department of Justice… Microsoft fired two employees for protesting during its 50th anniversary event… and after denying the reports for weeks, the company finally confirmed that it’s “slowing or pausing some early-stage” data center projects.
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