Congress grills tech CEOs in wide-ranging hearing on monopoly, political bias, China and more
The chiefs of four of the biggest tech companies in the world — Amazon, Apple, Facebook and Google — faced lawmakers Wednesday for a hearing on digital competition that could have cataclysmic impact on an industry largely unhindered by…
Qualcomm Shares Rise on Strong Forecast, Huawei Agreement
(Bloomberg) — Qualcomm Inc. gave a strong sales forecast for the current quarter, signaling that fifth generation mobile phone services are taking off. The chipmaker also announced a new licensing deal with China’s Huawei Technologies Co., sending…
Big Tech House Hearing Reveals Mark Zuckerberg Emails About Facebook’s Instagram Acquisition
Facebook’s $1 billion deal to buy Instagram in April 2012 became a focal point of the House Antitrust Subcommittee’s wide-ranging antitrust hearing Wednesday with four major tech company CEOs. The committee disclosed emails from Mark Zuckerberg revealing…
Samsung Faces a Darwinian Moment in Its Biggest Business
(Bloomberg Opinion) — Charles Darwin’s theory of evolution is often misunderstood to posit that only the strong survive. With Covid-19 decimating the global economy and crimping consumer spending power, Samsung Electronics Co. did well last…
Google did not automatically sign up Android users for COVID-19 tracing app
The claim: Google automatically signed up all Android users for a COVID-19 tracing app. New mobile contact tracing technology aimed at minimizing the spread of COVID-19 has prompted claims on social media that Google automatically updated all Android…
NY Rep. Jerry Nadler Blasts Facebook, Google For Stealing News & Destroying Journalism Jobs At Antitrust Hearing
Disappearing journalism jobs were among the many ills laid at the feet of top tech execs Wednesday as House Judiciary Committee Chairman Jerry Nadler (D-NY) at an antitrust hearing lamented the decline of local news and recalled a massive mess up by…
Tech Talk on Capitol Hill
Does Big Tech stifle competition? Answering that was the main purpose of Wednesday’s Congressional hearing, which hauled in the top executives from America’s biggest technology companies. Supposedly. But when the chiefs of Alphabet, Amazon, Apple and…
Everything that happened at the Big Tech anti-trust virtual hearing
Everything that happened at the Big Tech anti-trust virtual hearing There was yelling. There was butt-kissing. There was Jeff Bezos forgetting to take himself off mute. Another congressional hearing where members of congress get to blast tech CEOs with…
What if You Can’t Resell It?
(Bloomberg Opinion) — Would you still buy an electric car if you knew you wouldn’t be able to resell it in the future? That’s the latest hurdle potential buyers are contending with, and it’s bound to become a big driver of demand. The expenses of…
Quibi Must Fight Claims It Stole ‘Turnstyle’ Technology
(Bloomberg) — Quibi, the video-streaming service started by former Walt Disney studio head and DreamWorks co-founder Jeffrey Katzenberg, must defend a lawsuit claiming it stole its signature “turnstyle” technology from an Israeli company. A federal…