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Business Today: the best news, analysis and comment from The Irish Times business desk

Ireland’s data protection watchdog again has to be forced into tougher measures against Big Tech wrongdoing

Case centres on Facebook’s transfers of personal data to the US in defiance of EU law

Apple is now worth more than the 2,000 companies that make up the small-cap Russell 2000 index

Order to delete data processed and stored unlawfully in US could be more problematic for Facebook owner than fine of €1.2bn

As with previous penalties, the Facebook owner has claimed unfair treatment and resolved to appeal

DPC had imposed fines for GDPR breaches by Facebook and WhatsApp, and over Meta’s operation of Instagram services

Comments made after Meta received a record fine from the Data Protection Commission for breaching EU data protection laws

Social media giant’s attempts to work around previous court rulings on data transfers and privacy are seen to have fallen short

Sanction handed down by Helen Dixon follows investigation into transfers by Facebook owner of Europeans’ personal data to the US

Hugh Linehan: The metaverse is not the exciting and dangerous world science fiction once teased us with

Business Today: the best news, analysis and comment from The Irish Times business desk

Regulator set to impose record fine for GDPR-related issues

Seven mega-cap stocks were responsible for almost all the S&P 500′s gains in 2023

Meta, Google, Airbnb, Yahoo!, Twitter, Microsoft, Apple and Tinder account for 87^% of cross-border GDPR complaints to Ireland’s DPC

Bord Bia, the State agency charged with promoting Irish food and drink ranked in third place behind An Post and credit unions

Victim was told to make a payment to prevent ‘nudes’ being sent to his social media followers

Athenry’s 1,000-job bonanza comes against ongoing concern about the carrying capacity of the Irish economy

Karlin Lillington: I’d like to think we’ve reached a moment of reconsideration where people will opt for an open web model with more freedom, less surveillance, and greater user control

Mirror group put in a strong performance on Facebook, but that left it exposed to the social media giant’s whims

Solid financial performance across US tech giants has buoyed confidence on Wall Street at an important moment

Expleo survey highlights wage pressures and impact of skills shortages on operations

Analysts say gains are largely linked to firms with AI technologies and are concerned by market’s extreme imbalance

Seen & Heard: DAA judicial review, stock market stamp duty loss, RTÉ funding concerns and more

Meta founder and chief executive Mark Zuckerberg insists project not shelved in favour of artificial intelligence

Earnings come despite slowdown in tech sector overall

Strong tech results ease Wall Street concerns about lenders

Former Vodafone Ireland executive joined Facebook parent’s group last year

But tech leaders plan to ramp up IT staff hiring to executive digital transformation, says EY

Credit Suisse reported client outflows of €64 billion in first quarter

Irish regulator to issue final ruling on US data transfers concerning Meta by May 12th

Decision comes less than eight months after social media platform’s head Adam Mosseri relocated to UK

Facebook parent company notified managers to prepare to announce job cuts on Wednesday

In previous years where Nasdaq gained 10%-25%, median number of stocks accounting for half those gains was three

Government media committee asked companies to attend next week to discuss future plans and long-term vision for the media sector

Seen & Heard: Also in the news, DPP file on Russian sanctions violation, Guinness brewery closure in US, and redundancy packages for Meta staff

Could we pay a single supplier a subscription to access the internet and interact with all of its content, without any further charges or ads?

Critics claim the technology carries alarming risks and needs better governance

Ireland ranks fourth highest in Europe for requests in relation to criminal investigations, civil or administrative cases

The Iseq was up by slightly more than 0.1% in a volume-light session in Dublin