Spain’s competition authority, the CNMC, has found that online travel agency Booking.com abused a dominant market position over the past five years. It fined the company €413.24 million (or around $ 447 million at current exchange rates) on Tuesday. The CNMC opened an investigation of Booking.com back in October 2022, following complaints by the Spanish […]
Spain’s exposure to climate change helps Madrid-based VC, Seaya, close €300M climate-tech fund
According to a recent Dealroom report on the Spanish tech ecosystem, the combined enterprise value of Spanish startups surpassed €100 billion in 2023. In the latest confirmation of this upward trend, Madrid-based VC fund Seaya has closed Seaya Andromeda, an ‘Article 9’ €300 million climate-tech fund based out of Madrid. Article 9 refers to the EU’s Sustainable Finance […]
Worldcoin fails to get injunction against Spain’s privacy suspension
Controversial eyeball scanning startup Worldcoin has failed to get an injunction against a temporary suspension ordered Wednesday by Spain’s data protection authority, the AEPD. The authority used emergency powers contained in the European Union’s General Data Protection Regulation (GDPR) to make the local order, which can apply for up to three months. It said it […]
Worldcoin says it’s filing legal challenge to Spain’s temporary ban
A German subsidiary involved in Sam Altman’s controvercial crypto blockchain digital identity business, Worldcoin, was reported Friday to have filed a legal challenge against a suspension order from Spain’s data protection authority. Earlier this week it emerged that the Spanish authority, the AEPD, had instructed Worldcoin to temporarily stop scanning people’s eyeballs or further processing […]