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Dominic Preston

Dominic Preston

News Editor

News Editor

    More From Dominic Preston

    Dominic Preston
    Dominic Preston
    Temu and Shein just raised their US prices.

    After warning a hike was coming, the ultra-cheap Chinese retailers are no longer so ultra-cheap. The increase comes ahead of the end of the de minimis exemption on May 2nd, at which point their low-value, direct-to-consumer packages will be subject to a 120 percent tariff.

    TikTok says it’s also raising prices on “impacted products” sold through the video app, while AliExpress warns of both raised prices and delivery delays.

    Dominic Preston
    Dominic Preston
    Age checks are coming to social media.

    UK media regulator Ofcom has laid down the rules that social media sites and gaming apps will have to follow from July 25th under the Online Safety Act, which started coming into force last month. Sites and apps will have to offer child-safe algorithms, strong moderation tools, and any “harmful content” must be gated behind the same “highly effective” age checks required of porn sites, which can include face scans or credit card checks.

    Dominic Preston
    Dominic Preston
    ‘Regulatory death spiral’ would be a great name for a metal band.

    That’s what White House National Security Council spokesperson Brian Hughes branded the EU’s first ever DMA fines, levied against Apple and Meta:

    “The European Union has fined Meta and Apple – two major American tech companies – hundreds of millions of euros under their discriminatory Digital Markets Act. This novel form of economic extortion will not be tolerated by the United States. Extraterritorial regulations that specifically target and undermine American companies, stifle innovation, and enable censorship will be recognized as barriers to trade and a direct threat to free civil society. The EU’s malicious targeting of American companies and consumers must stop. End the EU’s regulatory death spiral!”

    Apple and Meta hit with the EU’s first DMA antitrust finesApple and Meta hit with the EU’s first DMA antitrust fines
    Jess Weatherbed and Dominic Preston