Aus Govt vs Meta & X | Microsoft's big cut to Xbox | Temu's about to get more expensive

What the Flux

The Australian government wants to fine social media platforms up to 5% of their global revenue if they don’t stop the spread of misinformation

Microsoft is cutting 650 jobs at its Xbox gaming division after its making its biggest acquisition to date -the $69 billion USD purchase of Activision Blizzard

Temu’s parent company, Pinduoduo, saw its share price drop more than 3% on Friday after the US proposed new tariffs on their products

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