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The Federal Trade Commission said Tuesday it will appeal the November ruling in favor of Meta in its antitrust case against the social media giant.The FTC said it continues to allege that, for more than a decade, Meta Platforms Inc. has “illegally maintained a monopoly” in social networking through anticompetitive conduct “by buying the significant competitive threats it identified in Instagram and WhatsApp.”Meta had prevailed over the existential challenge to its business that could have forced the tech giant to spin off Instagram and WhatsApp after a judge ruled that the company does not hold a monopoly in social networking.U.S. District Judge James Boasberg issued his ruling on Nov. 18 after the historic antitrust trial wrapped up in late May. His decision runs in sharp contrast to two separate rulings that branded Google an illegal monopoly in both search and online advertising, dealing regulatory blows to the tech industry that for years enjoyed nearly unbridled growth.In a statement, Meta said the court’s decision “to reject the FTC’s arguments is correct, and recognizes the fierce competition we face. We will remain focused on innovating and investing in America.” Associated Press
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E-Commerce
After a brief sell-off in the run-up to Donald Trump’s speech to global leaders at the World Economic Forum in Davos, Switzerland, on Wednesday, markets are up, after the president backed off earlier claims and ruled out using force to acquire Greenland. The Dow Jones Industrial Average was up 451 points, or about 1%, and the S&P 500 was up 67 points, also about 1%, in midday trading at the time of this writing. The Nasdaq was up about 0.7%. On the issue of acquiring Greenland, Trump said the following: We never asked for anything, and we never got anything . . . We probably wont get anything unless I decide to use excessive strength and force, where we would be, frankly, unstoppable.” “But I wont do that. Okay?” Trump continued. “Now everyones saying, Oh, good. Thats probably the biggest statement I made, because people thought I would use force. I dont have to use force. I dont want to use force. I wont use force. Trump has threatened to impose anywhere from 10% to 25% tariffs on our longtime European allies (the U.K., Denmark, Norway, Sweden, France, Germany, the Netherlands, and Finland) over their opposition to his push for Greenland, which had previously triggered a sell-off of U.S. assets, Axios reported. European nations own an estimated $8 trillion of U.S. bonds and equities. The 10-year Treasury price turned higher and its yield turned lower following Trumps comments. The U.S. dollar index pared its decline with other currencies. Although Trump backed off claims of U.S. military action in Greenland, he did double down on his plans to acquire Greenland, saying he was seeking immediate negotiations” to discuss the matter.
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E-Commerce
How can you win love and loyalty from your customers, your employees, your fansand even the people in your life? Taylor Swift answered this question perfectly with just one word: Overdeliver. Overdelivering will impress your customers, create loyal employees and fans, and make all your relationships stronger. I wanted to overserve the fans in terms of the amount of songs that they were going to hear and how far I was going to push myself, she says in her new docuseries, The End of an Era. As you likely know, she made good on that plan. The Eras Tour show ran three-and-a-half hours, divided into 10 distinct eras covering different albums. Then she added another era partway through when she released The Tortured Poets Department. There were a few songs that changed every night, and guest appearances by other performers, such as Ed Sheeran. Oh, and an elaborate illusion where she dove into the stage. After the tour, in an appearance on The Graham Norton Show, she explained her reasoning. I wanted to overdeliver. I really wanted to give people more than they expected, she said. It just really felt like something that I had to do. Because Im like, I know these tickets are going to be hard to get. I didnt know how hard they would be to get. (The show sold out everywhere, and many fans actually flew to different locations just so they could attend.) Swift continued, People have lives and priorities. And if theyre going to dedicate any part of those lives to coming to this big show, to packing stadiums like this, I want to overdeliver on production, overdeliver on the length of it, the exertion, the kind of surprises theyre seeing. And really, Im endlessly proud of feeling like we achieved that. Swift shows empathy for her fans Swift was expressing a key element of emotional intelligence: empathy. She was looking at the situation from her fans point of view. Its rare to hear any big star say that their fans have priorities other than their next show or album. For Swift to acknowledge that Swifties have their own lives is highly refreshing. So is her awareness that its hard to get tickets to her shows, and her belief that she owes her audiences more because of it. Even if you dont have millions of raving fans spending hundreds of dollars to come listen to you, overdelivering is a good practice and a good mindset. When you surprise people by giving them more than they expected, more than they asked for, or even more than they paid for, they will remember you. And they likely will come back. Theres a growing community of Inc. readers who get a daily text from me with a micro-challenge, suggestion, or question. (Want to learn more? Heres some information about the texts and a special invitation to a two-month free trial.) Many are entrepreneurs or business leaders who know how important it is to have repeat customers, loyal fans, and people who are steadfastly in their corner. Consistently overdelivering is a very effective way to make that happen. Inc.
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E-Commerce
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