Has confidentially filed to go despite the pandemic bringing travel to a near standstill earlier this year. Meantime, it is another story sending shockwaves through Silicon Valley. Later this hour the former ceo all of pinterest, Francoise Brougher, will join me for a discussion after suing the company for gender discrimination. But dan ives joins me now. Obviously a big day for apple today. We knew what is coming, but what is the significance of this to trillion dollar milestone . Dan it is a monumental achievement for apple. And i think it just shows these skeptics that three or four years ago that thought growth was over in cupertino, it proved them wrong again. Especially them hitting it before apple and amazon and others. I still think more bullishness ahead. Is up the only way to go . We are still facing a lot of Economic Uncertainty the second half of the year. Consumers not necessarily going to have stimulus checks in their pocket for discretionary spending. What does that mean
Lets start with some big developments happening in brussels today, with tech firms bracing themselves for another round of european regulations as the eu unveils its Digital Services and Digital Markets acts. The European Union says the new legislation will overhaul the digital market, including how tech giants operate. It will focus on competition and making platforms responsible for hosted content. Its notjust the eu thats clamping down, here in the uk the government is bringing forward a new bill which could see tech giants fined up to 10 of their global turnover, if they fail to protect users or remove harmful content. And in the us, the federal trade commission has ordered nine tech companies, including amazon and facebook, to hand over information as part of a new review of consumer privacy. Last year, facebook paid 5 billion to resolve an ftc privacy inquiry triggered by concerns about Data Collection by political consultancy cambridge analytica. Were now joined from copenhagen
Former Wells Fargo & Co CEO Tim Sloan filed a lawsuit on Friday accusing the bank of failing to pay him more than $34 million after he resigned in 2019 amid a wide-ranging sales practices scandal..
Ex-Wells Fargo CEO sues bank for $34 million in withheld pay, stock By Reuters investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.
Former Wells Fargo & Co CEO Tim Sloan filed a lawsuit on Friday accusing the bank of failing to pay him more than $34 million after he resigned in 2019 amid a wide-ranging sales practices scandal. Sloan in the lawsuit filed in California state court says Wells Fargo canceled stock awards and withheld a bonus he had earned before stepping down. Wells Fargo in a statement said that "compensation decisions are based on performance, and we stand by our decisions in this matter."