The Irish Data Protection Commission (DPC) has fined Facebook parent firm Meta €1.2 billion for violations involving the transfer of personal data from the EU to the US. It surpasses the previous record fine of €746 million, which was levied on Amazon in 2021, to become the highest EU privacy fine ever. As part of … Read more
Stripe, the digital payments giant founded by Limerick brothers Patrick and John Collison, is to lay off 14% of its workforce globally. The business, which was valued at $95 billion (€97 billion) in its last funding round, will reduce its workforce, according to an email sent to employees on Thursday from the Collison brothers. The … Read more
Many users have reconnected to WhatsApp after a service outage knocked the popular messaging programme down for around two hours on Tuesday morning. The Meta-owned site has not officially verified the reason for the problem, but early on Tuesday, it informed users that it was trying to resolve it. While app users all across the … Read more
Regulatory technology solutions provider FinTrU announced the creation of three hundred jobs in Co. Donegal over the next five years. The company, which has its headquarters in Belfast, plans to establish a European delivery centre in Letterkenny. The company, which specialises in KYC, compliance, legal, risk and control, and operations, designs technology-enabled solutions for investment … Read more
Technology giant Samsung Electronics is forecasting 52% jump in profit for the last three months of 2021, lifted by resilient demand for memory chips and improved returns from its contract chip-making business. The world’s biggest smartphone and memory-chip maker expects operating profit of about 13.8 trillion South Korean won, equivalent to about $11.4 billion, for the … Read more