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December 10, 2020, 12:20 PM
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| New York Times: |
Legal experts say FTC and state AGs will find it challenging to prove their allegations against Facebook because the standards of proof are formidable — The U.S. and states cases against the social network are far from a slam dunk because the standards of proof are formidable.
More:
New York Times, Mashable, Bloomberg, and Wired
Tweets: @sarahfrier, @tiffanydcross, @ceciliakang, and @ingrahamangle
| Federal Trade Commission: |
FTC, in coalition with 46 state AGs, plus Guam and DC, sues Facebook, alleging Instagram and WhatsApp acquisitions were used to stifle competition — Agency challenges Facebook's multi-year course of unlawful conduct — The Federal Trade Commission today sued Facebook …
More:
Federal Trade Commission, On my Om, AVC, Reuters, The Guardian, Business Insider, Washington Post, Slate, CNBC, The.Ink, BuzzFeed News, BIG by Matt Stoller, XDA Developers, Financial Times, Los Angeles Times, Protocol, TechSpot, The Verge, KnowTechie, news.com.au, Pocket Gamer.biz, CNN, Cointelegraph, Washington Post, Bloomberg, Tubefilter, MakeUseOf, and ABC News
Tweets: @fbnewsroom, @sarahfrier, @caseynewton, @newyorkstateag, @mikeisaac, @senwarren, @berniesanders, @alexstamos, @aoc, @repkenbuck, @chopraftc, @drewharwell, @chopraftc, @carminesabia, @mikeisaac, @ceciliakang, @yegg, @davidcicilline, @alecstapp, @walthickey, @brooklynmarie, @jgreenblattadl, @munster_gene, @chrisinsilico, @stroughtonsmith, @awolfeful, @gravelinstitute, @elkmovie, @theonion, @slpng_giants, @jason_kint, @elkmovie, @carolecadwalla, @rileytestut, @jason_kint, @mattmfm, @brentbozell, @calebjhull, @kantrowitz, @marietjeschaake, @wongmjane, @thomasphi2, @ashk4n, @yashalevine, @josh_moon, @migueldeicaza, @rmac18, @shiraovide, @rmac18, @rmac18, @will_doran, @rmac18, @kantrowitz, @mattnavarra, @jordannovet, @profgalloway, @karlbode, @stroughtonsmith, @mattnavarra, @chopraftc, @chopraftc, @b_fung, @benedictevans, @shiringhaffary, @joshsternberg, @alexstamos, @alexstamos, @alexstamos, @markdistef, @ow, @ftc, @ftc, @ftc, @ftc, @sarahfrier, @benedictevans, @caseynewton, @paulmasonnews, @jamestitcomb, @ftc, @benedictevans, @ftc, @ftc, @ftc, @janelytv, @ftc, @edbott, @ericnewcomer, and @ftc
| Jennifer Newstead / About Facebook: |
Facebook responds to the FTC and state AGs, saying the lawsuits they've brought forth are “revisionist history” and their antitrust case is unprecedented — Billions of people use Facebook's products every day. To earn their time and attention, we compete fiercely against many other services across the world.
More:
Wired, The Verge, About Facebook, Forbes, CNBC, Fortune, Protocol, XDA Developers, New York Times, Federal Trade Commission, Neowin, Silicon Republic, MediaNama, Telecoms.com, Financial Times, Pocket-lint, and Associated Press
Tweets: @ceciliakang, @jmorse_, @rmac18, @migueldeicaza, @tonyromm, @sarafischer, @ceciliakang, @robinberjon, @mylesudland, @kifleswing, @alexeheath, @chillmage, and @mattnavarra
| NY State Attorney General: |
New York AG Letitia James leads a coalition of 48 AGs in suing Facebook, alleging the company uses a “buy or bury” approach toward its competitors — AG James Leads Bipartisan Coalition of 48 Attorneys General Charging Anticompetitive Conduct — Facebook Thwarted Competition, Reduced Consumer Privacy for Profits
More:
NY Attorney General, New York Times, Gizmodo, Axios, coinspeaker.com, and Protocol
| The Verge: |
More:
TechCrunch, The Independent, diginomica, The Verge, Axios, NextPit, and The Economic Times
Tweets: @grinich, @sal19, @edmundlee, @hawleymo, @caseynewton, @film_girl, @can, @dez_blanchfield, @tonyromm, @guykawasaki, @brooklynmarie, @teddyschleifer, @swodinsky, @mayatcontreras, @colorofchange, @will_duffield, @tayhatmaker, @film_girl, @jrhuddles, @jrhuddles, @jrhuddles, @jrhuddles, @willoremus, @karlbode, @chopraftc, @film_girl, @film_girl, @film_girl, @ow, @sal19, @martinsfp, @rustybrick, @benedictevans, @ldrogen, @joannastern, @ow, @caseynewton, @martinsfp, @broderick, and @caseynewton
| Dan Primack / Axios: |
Airbnb raises $3.5B in its IPO at $68 per share, up from a previous $56-$60 range, giving it a fully diluted valuation of $47.3B — Airbnb on Wednesday raised $3.5 billion in its IPO at a fully diluted valuation of around $47.3 billion, and will begin trading Thursday on the New York Stock Exchange under ticker symbol ABNB.
More:
Bloomberg, Wall Street Journal, Bloomberg, Silicon Valley Business …, CNBC, Bloomberg, New York Times, ZDNet, CoinDesk, Fortune, and Silicon Republic
Tweets: @sonalibasak, @modestproposal1, @sacca, @mikeisaac, @levynews, @mikeisaac, @eliotwb, @alex, and @arrington
| Natasha Lomas / TechCrunch: |
Germany launches an antitrust probe into Facebook tying Oculus use to possession of a Facebook account — Facebook's bad week just got worse: It's being investigated in Germany for linking usage of its VR product, Oculus, to having a Facebook account. — The tech giant raised the hackles …
More:
Bundeskartellamt, The Independent, Gizmodo, The Verge, Engadget, SlashGear, Input, Android Central, and The Irish Times
Tweets: @jessedamiani, @jrmoorman, @montezumachavez, and @mattnavarra
| Ryan Browne / CNBC: |
Google launches knowledge panels in search results to show accurate information about coronavirus vaccines, starting with the UK — - Google has launched new knowledge panels to show people accurate information about coronavirus vaccines. — The feature is only available in the U.K …
More:
The Keyword, ZDNet, Business Insider, TechCrunch, 9to5Google, Forbes, Mashable, The Verge, and Engadget
Tweets: @google and @mantzarlis
| Catalin Cimpanu / ZDNet: |
Adobe has released its final scheduled Flash Player update for all regions outside of mainland China and will block Flash content from January 12 — Adobe releases final Flash update with stronger language asking users to uninstall the app before its EOL. — Adobe has released on Tuesday …
More:
Adobe Help Center, Forbes, XDA Developers, The Next Web, and MakeUseOf
| Sarah Perez / TechCrunch: |
Facebook launches Shopping in Instagram Reels, rolling out globally starting today, letting businesses and creators tag products when they create Reels — Instagram today is launching Shopping in Reels, its TikTok competitor. The new feature was announced in October as something the company …
More:
XDA Developers, The Verge, Tubefilter, and PYMNTS.com
| Washington Post: |
National Weather Service says it has an Internet bandwidth problem and proposes limiting users to 60 connections/minute, which could hurt weather apps and sites — Agency floats a solution to problems that could hobble private companies and affect popular weather apps.
Tweets: @ron_miller, @raju, @afreedma, @weather_west, @davidbernardtv, @capitalweather, and @ericgeller
| Ron Miller / TechCrunch: |
Fairmarkit, which provides enterprise procurement software for clients like Boston's mass transit system, raises $30M Series B, bringing total raised to $42M — As the pandemic has raged on, it has shined a spotlight on the importance of procurement, especially in certain sectors.| D. M. Moore / Polygon: |
AT&T has agreed to sell Japanese anime streaming service Crunchyroll to Sony's Funimation Global Group for $1.18B — The move consolidates the anime industry in a major way — On Wednesday, Sony Pictures Entertainment Inc. announced that AT&T and WarnerMedia agreed to sell Crunchyroll to Funimation.
More:
Sony Pictures Entertainment, Light Reading, MakeUseOf, Bloomberg, Crunchyroll, and SlashGear
Tweets: @crunchyroll, @quan, @theryanford, and @tonybonesarelli
| Kyle Hyatt / Roadshow: |
Report: Hyundai Motor Group has agreed to purchase Boston Dynamics, maker of the Spot quadruped robot, from SoftBank for around $921M — The acquisition has been expected since early November. … Hey, remember those deeply unsettling robot dogs that have been creeping out the internet for years and recently went into production?
More:
The Korea Economic …, Android Headlines, The Next Web, SlashGear, and Gizmodo
Tweets: @chriskeall and @cpautoscribe
| Kaitlyn Tiffany / The Atlantic: |
Inside Ovarit, an invite-only Reddit-like site founded by members of the “trans-exclusionary radical feminists” subreddit r/GenderCritical that Reddit banned — Mary Kate Fain, a 27-year-old engineer and writer living in Houston, has always considered herself a feminist.
Tweets: @sullydish, @elongreen, @sullydish, @fake_minnesotan, @katymontgomerie, @alisonphipps, and @mimmymum
| Charlie Warzel / New York Times: |
Biden staffers say their experiences in dealing with Facebook during the election left them concerned that the company is a threat to the electoral process — Inside the battle between Biden and Facebook. — Opinion Writer at Large — In the days after the election …
Tweets: @cwarzel, @ethannichtern, @brendannyhan, @whotargetsme, @nytopinion, @anandwrites, @melissaryan, @noahshachtman, @cwarzel, and @cwarzel
| Ingrid Lunden / TechCrunch: |
Hibob, which provides cloud-based HR management software, raises $70M Series B led by Seek and Israel Growth Partners, sources say at a ~$500M valuation — Productivity software has been getting a major re-examination this year, and human resources platforms — used for hiring, firing … | Steve O'Hear / TechCrunch: |
Cleo, creator of an AI-powered financial assistance app and chatbot, raises $44M Series B led by EQT Ventures — Cleo, the London founded “financial assistant” that takes the form of an app and chatbot and now counts the U.S. as its largest market, has raised $44 million in Series B funding.| Ingrid Lunden / TechCrunch: |
Turing, an automated service to vet and match remote software developers with companies, raises $32M Series B led by WestBridge Capital — As remote work continues to solidify its place as a critical aspect of how businesses exist these days, a startup that has built a platform … | Natasha Lomas / TechCrunch: |
French data protection agency CNIL fines Google $120M and Amazon $42M for placing tracking cookies without consent — France's data protection agency, the CNIL, has slapped Google and Amazon with fines for dropping tracking cookies without consent. — Google has been hit with a total …
More:
BBC, International Business Times, Associated Press, Reuters, Wall Street Journal, Reuters, Bloomberg, RFI, The Verge, CNBC, Forbes, The Irish Times, Fortune, and MediaNama. Tweets: @mikebutcher. Thanks:@riptari
| Kyle Wiggers / VentureBeat: |
Boast.ai, which develops software that automates the process of claiming R&D tax credits, raises $23M Series A led by Radian Capital — Boast.ai, a startup developing software that automates the process of claiming R&D tax credits, today raised $23 million in venture capital.
More:
TechCrunch, BetaKit, PR Newswire, and The Logic
| Nick Statt / The Verge: |
Google, Dell, Intel, Slack, Zoom, and others form The Modern Computing Alliance to tackle security, remote work, and other enterprise issues — The Modern Computing Alliance also includes Slack, Zoom, and others — Google, Dell, Intel and a handful of other major tech companies …
Tweets: @backlon
| Ina Fried / Axios: |
Internal memo: Sundar Pichai apologizes over the handling of AI ethics researcher Timnit Gebru's departure and says he will investigate — Google CEO Sundar Pichai apologized Wednesday for the company's handling of the departure of AI ethics researcher Timnit Gebru and said he would investigate …
More:
New York Times, VentureBeat, The Gradient, The Guardian, ExtremeTech, Android Central, Newser, Engadget, Wired, Bloomberg, The Overspill, SiliconANGLE, and South China Morning Post
Tweets: @jonst0kes, @jonst0kes, @timnitgebru, @inafried, @justkelly_ok, @rafaelshimunov, @yoda, @kimcrayton1, @azeem, @ohthatflo, @joshsternberg, @jackclarksf, @_alialkhatib, @dinabass, and @mer__edith. Thanks:@inafried
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