This week in tech news, we saw several significant developments that impacted the industry. Microsoft To draw a conclusion added native support for the RAR file format on Windows after 28 years, while Netflix began cracking down on password sharing by rolling out its “share payment” policy to subscribers in the US and other global markets. Meanwhile, Meta continued to make headlines with another round of layoffs affecting around 6,000 people as part of its Efficiency Year restructuring plan. The company also received a formal suspension order from the EU requiring it to stop exporting user data from the region to the US for processing and was fined €1.2 billion (about $1.3 billion) by the European Data Protection Board – the largest fine ever issued under GDPR.
In other Meta news, the company was forced to sell Giphy – which it acquired for $400 million three years ago – to Shutterstock after UK’s antitrust authority ordered its sale due to reduced competition. WhatsApp announced one of its most anticipated features this week: message editing within 15 minutes of sending a message.
Amazon plans to invest $12.7 billion in its cloud business in India by 2030, while launching its biggest tablet yet called Fire Max 11 at $229.99 – offering users a cheaper option than competitors like iPad and Pixel tablets with similarly sized screens.
At Microsoft’s annual Build conference this week, Copilot in Power Pages was released in preview for EE customers – an AI-powered assistant that can generate text, forms, chatbots and web page layouts with prompts.
To conclude on a high note, TechCrunch is presenting City Spotlight: Atlanta on June 7th featuring programming such as a fireside chat with Ryan Glover co-founder of fintech Greenwood and a panel examining local venture capitalists’ ecosystem of companies within Atlanta region.
According to a news TechCrunch article published on May 27th, these are some of the top stories shaping tech this week.