Julie Chang

Here's your afternoon TNB Tech Minute for Wednesday, January 28th.

I'm Julie Chang for The Wall Street Journal.

Google will pay $135 million to settle a lawsuit that alleged the company programmed its Android operating system to illegally collect consumers' cellular data.

Under the proposed settlement filed in a federal court yesterday, class members will receive monetary payments.

The company would also be required to change its Google Play Terms of Service and the setup screens for new Android mobile devices in order to disclose its data practices and get users' consent to use their data.

Google said the case misrepresents industry practices.

Fidelity Investments has announced it will launch a stablecoin, becoming one of the nation's first mainstream investment companies to issue its own crypto dollar.

The company said today its Fidelity Digital Dollar will be available to both individual investors and institutions in the coming weeks.

Last summer, Congress passed legislation paving the way to bring stablecoins into the financial mainstream.

In earnings, Meta reported record sales in the fourth quarter and a massive increase in projected 2026 spending, a sign the company has no plans to slow down its ambitious AI expansion.

The company said capital spending would reach up to $135 billion this year, about 20% higher than Wall Street expectations.

Meanwhile, Microsoft posted revenue of over $81 billion for its second fiscal quarter and blew past net income expectations, making $38.5 billion.

Operating income increased by 21 to more than $38 billion, and the company's closely watched Azure cloud business grew by 39%, matching Wall Street estimates.

And that's it for your TMB Tech Minutes.

Check back tomorrow morning for another quick tech update.

Here's your morning TNB Tech Minute for Tuesday, January 27.

I'm Julie Chang for The Wall Street Journal.

Tesla closed the year with lower sales in Europe as Chinese auto giant BYD continued to grow.

According to the European Automobile Manufacturers Association, new car registrations for Tesla models slumped 20% on-year to about 35,000 units in December.

Annually, Tesla sales dropped 27% to roughly 238,000 units.