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Amazon Drops 2.5% as FTC Sues Over $20B Ad Surcharge Scheme
FTC and 22 states sue Amazon for allegedly manipulating ad auctions with hidden surcharges costing advertisers $20 billion. Stock falls 2.5% as legal pressure mounts.
Sony Faces California Lawsuit Over Digital Game Ownership Claims
Sony faces a class-action lawsuit in California over digital game licensing. Plaintiffs argue PlayStation Store’s “Buy Now” language violates state law requiring clear disclosure that digital purchases are licenses, not ownership.
Dan Houston’s Form Slump Costs Collingwood $1M Per Season After Trade
Collingwood defender Dan Houston, acquired for close to $1M per season through 2030, has struggled to replicate his All-Australian form at Port Adelaide, raising questions about the trade’s value.
Bittensor USD Falls 11.3% to $225.43 as Crypto Pullback Deepens
TAOUSD dropped 11.3% in 24 hours to $225.43 amid broad market weakness. RSI at 59.43 and ADX at 27.75 signal a strong downtrend.
US Navy Blockade Cuts Iran Oil Exports 80% as Trump Shifts to Economic Warfare
US Navy blockade reduces Iran’s August oil exports 80% to 260,000 bpd. Trump administration launches Operation Economic Outcast to cut remaining revenue sources as economic warfare replaces military strikes.
Infosys Public Services CEO Lax Gopisetty Unreachable After Nepal Floods
Infosys Public Services CEO Lax Gopisetty unreachable after Nepal floods. 320 Indians missing along Nepal-Tibet border. Company working with agencies to establish contact.
Itochu to Invest ¥250B in Dentsu Soken, Taking 38.2% Stake
Itochu to invest ¥250 billion for 38.2% stake in Dentsu Soken via tender offer. Move aims to resolve parent-subsidiary dual listing structure and expand Itochu’s IT segment.
Hong Kong Opens Ride-Hailing Licences: Uber, Didi Prepare Bids by October 30
Hong Kong Transport Department invites ride-hailing platform applications with October 30 deadline. Uber and Didi preparing bids. Annual licence fee HK$1.2 million. Applicants need HK$50 million paid-up capital.
Take-Two Stock Rises 1.4% as GTA 6 Trailer Crashes Netflix on August 28
Take-Two Interactive stock climbs 1.4% after Rockstar’s GTA 6 extended look trailer crashes Netflix. The game launches November 19 on PS5 and Xbox Series X|S.