Business

The European Union’s proposal for the EU-INC aims to create a single company structure to enhance cross-border growth for startups, addressing fragmentation in company laws. The initiative has gained support from over 23,000 in the tech startup community.

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The company argues that the law violates free speech rights for itself and its 170 million American users. It contends that the concerns put forward by the US government to justify the law are speculative.

Sales fell 4% to $90.8bn in the first three months of 2024, mainly due to fewer people buying iPhones. The company blamed this on supply chain issues caused by Covid, which boosted sales last year.

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