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Is Social Media Key to Hitting the Trillions for (Fin)Tech Companies?

Bank Innovation

Could Microsoft be the first technology company to earn a one trillion market value? Analyst Michael Markowski seems to think so, citing the technology giant’s recent acquisition of professional social media site LinkedIn as the boost that pushed Microsoft into the race.

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Hackers Steal Alipay Customers’ Money Via Stolen Apple IDs

PYMNTS

Alipay , the mobile payment app, said Wednesday (October 10) that hackers stole money from accounts via stolen Apple IDs. Reuters , citing Ant Financial , the payment affiliate of Alibaba, reported the Chinese company said the issue hasn’t been resolved even though it reached out to Apple already.

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Big Tech Compliance Tracker: Apple To Pay $113M Over Alleged iPhone 'Throttling'; Officials: European Commission Needs To ‘Scale Up’ Regulation

PYMNTS

Here’s the latest news from the technology industry, which is coming under increasing scrutiny from regulators around the world. 34 States Unveil $113M Settlement Against Apple For Alleged iPhone ‘Throttling’ . Either way, California Attorney Gen. California will get $24.6

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DOJ Antitrust Lawsuit Against Facebook No Slam Dunk

PYMNTS

It offers a glimpse into how the Menlo Park, California-based social media conglomerate will defend itself against federal antitrust prosecutors and members of Congress about its power and competitive behavior. Other technology giants including Google , Amazon and Apple are also facing probes.

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Zuckerberg ‘Cooperating’ With FTC In Facebook Antitrust Hearing

PYMNTS

Facebook CEO Mark Zuckerberg testified before the Federal Trade Commission (FTC) as part of the agency’s antitrust investigation into the popular social media giant, CNBC reported. Zuckerberg, for his part, has contended that competition is important to Facebook as it helps the social media company continue to innovate.

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Technology overload: Which option is the best for me?

Abrigo

Industry, especially the financial industry, has become packed with insightful and time saving technologies. In a recent Sageworks webinar, 60 percent of attendees said that one of their main road blocks to adopting new technology at their firm was their unfamiliarity with potential solutions.

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Restaurant Ordering Apps, Cloud Technology, Cash Hoarding Top This Week’s News

PYMNTS

We have deep dives into in-house restaurant ordering apps and cloud technology, as well as a report on banks running short on large bills amid the coronavirus crisis. Tom Brady announced on social media that he won’t sign with the Patriots for the 2020 season after two decades with the team.