Newsletter Jan 25, 2023

3 things you must know

DOJ files suit against Google for dominance of digital ads
The Justice Department filed a lawsuit against Alphabet's Google on Tuesday over charges that the company abused its dominance of the digital advertising business. The DOJ asked the court to compel Google to divest its Google Ad manager suite, including its ad exchange AdX. Google called the suit "a flawed argument that would slow innovation, raise advertising fees, and make it harder for thousands of small businesses and publishers to grow."
THE ARGUMENTS IN THE DOJ'S SECOND SUIT VS. GOOGLE

NYSE's technical glitch creates confusion on Wall Street
A technical issue with the New York Stock Exchange's opening auction on Tuesday saw more than 80 stocks briefly halted at the start of trading, sowing confusion among traders about which orders were filled and whether they were at the correct prices. The NYSE is investigating and recommending that affected traders may want to consider filing for erroneous trade claims.
SEE WHICH COMPANIES WERE IMPACTED BY THE GLITCH

Twitter sued for not paying rent at London, San Fran offices
Twitter is facing two separate lawsuits over its failure to meet rent payments in its London office and its San Francisco headquarters, the latest in a saga since Elon Musk acquired the company. Court proceedings against Twitter over alleged non-payment of rent in its London offices began last week. Twitter is also being taken to court by its San Fransisco landlord for missing two rent payments.
MUSK USES TWITTER TO SOUND OFF ON PROXY VOTES

You Might Like

Markets

DJIA	33,733.96	0.31%
S&P 500	4,016.95	-0.07%
Nasdaq Composite	11,334.27	-0.27%
Japan: Nikkei 225	27,299.19	1.46%
UK: FTSE 100	7,757.36	-0.35%
Crude Oil Futures	80.12	-0.01%
Gold Futures	1,938.10	0.14%
Yen	130.42	0.20%
Euro	1.09	-0.05%
* As of market close

Pence joins Biden, Trump in docs scandal

Classified documents were discovered at former Vice President Mike Pence's Indiana home last week. Pence turned the records over to the FBI after notifying the National Archives, his attorney said, adding that the FBI came to Pence's home to collect them. Pence joins ex-boss, former President Donald Trump, and President Joe Biden after documents with classified markings were found at their residences.

FIND OUT THE POTENTIAL POLITICAL FALLOUT FACING PENCE

Ticketmaster blames hack for Swift snafu

Ticketmaster was hit by a cyberattack last year that led to it botching sales for Taylor Swift's U.S. tour, it told lawmakers on Tuesday, while apologizing to the pop superstar and her fans. The company has long been accused of being a monopoly, but fan outrage boiled over in November as website outages left thousands of "Swifties" empty-handed. Members of Congress accused it of anti-competitive practices.

SOME LAWMAKERS ARE CALLING FOR COMPANY'S BREAKUP

Oscar nominations feature some flashbacks

"Everything Everywhere All at Once" topped Tuesday's list of movies nominated for this year's Oscars as Hollywood's film academy chose several surprises to compete for best picture. Other films vying for the title include "Avatar: The Way of Water," James Cameron's sequel and the current sixth-highest grossing movie of all time. Mainstream pick "Top Gun: Maverick" made it two sequels nominated for the first time.

THE FAVORITES AND LONG SHOTS AMONG THE 10 NOMINEES

Nickname game

What was the first year the Academy Awards officially started calling the statuettes "Oscars"? What film was named Best Picture that year?

Tuesday's answer: M&M's stands for "Mars and Murrie" -- the initials of the sons of Mars founder Forrest Mars and Hershey president William Murrie. The unlikely pair went on to go into business together in 1939.

IBTimes will always protect your security and privacy. Please read our detailed Privacy Policy. Please do not reply to this email. Click here to adjust your notification preferences or unsubscribe.Â