| Federal Trade Commission: |
| 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| The Verge: |
FTC's antitrust lawsuit against Facebook seeks to unwind Instagram and WhatsApp acquisitions, force Facebook to seek approval for future acquisitions, and more — New York Attorney General Letitia James announced the lawsuit on Wednesday — On Wednesday, New York Attorney General Letitia James announced … | 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.| 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 … | Chance Miller / 9to5Mac: |
Microsoft says its cloud gaming service, as part of Xbox Game Pass Ultimate, will come to iOS via web browser in spring of 2021 — Microsoft has confirmed that Xbox cloud gaming is coming to iOS in 2021. In a new blog post today, the company says that cloud gaming as part of Xbox Game Pass Ultimate … | YouTube Official Blog: |
YouTube says it will remove any content published from today that alleges widespread fraud or errors changed the 2020 US Presidential election outcome — Over the past weeks and months, we've seen people coming to YouTube to learn more about where and how to vote or learning more about a candidate or an issue.| Sara Fischer / Axios: |
WhatsApp says that Apple's new privacy labels are anti-competitive; Apple responds by confirming its own apps will include the “nutrition labels” — Facebook's global messaging service WhatsApp is protesting Apple's requirement that app owners submit information about the user data … | Byron Tau / Wall Street Journal: |
Apple and Google to ban mobile apps that use location trackers from data broker X-Mode, after it was revealed X-Mode provided data to US government contractors — After the data broker came under scrutiny for national-security work, tech giants tell app developers to remove trackers or lose access to their operating systems| 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.| 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?| Jessica Bursztynsky / CNBC: |
DoorDash closes at $189.51, up 85% from its $102 pricing, after popping to $182 as the shares began trading, giving a valuation of $60.2B — - Shares of DoorDash, a leading food delivery app, started trading on the New York Stock Exchange on Wednesday. — The stock began trading at $182 per share and closed at $189.51.| 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.| Ben Lovejoy / 9to5Mac: |
Report: four former Apple employees say the company was aware of Chinese labor law violations by its suppliers but took no action to avoid product delays — Three former members of the Apple Supplier Responsibility team say Apple was complicit in labor law violations in China.| Bloomberg: |
AI services provider C3.ai closes up 120.2% on its first day of trading, valuing the company at ~$8.9B, after raising $651M in its IPO — C3.ai Inc., the software maker founded by former Oracle Corp. executive Tom Siebel, rose as much as 174% in its trading debut after raising $651 million … | Sasha Lekach / Mashable: |
Uber says it is rolling out Uber Connect, its same-day, no-contact local package delivery service introduced in April, to 2,400+ new cities and towns in the US — Back in April, Uber was scrambling to provide something for its users who were no longer ordering ride-shares because, well, many of us were stuck at home.| Natasha Mascarenhas / TechCrunch: |
Squire, which develops software for barbershops, raises $59M Series C led by Iconiq Capital at a $250M valuation, just months after raising a $34M Series B — Squire, a startup that sells software to barbershops, has raised $59 million in a round led by Iconiq Capital.| Kellen Browning / New York Times: |
Twitch unveils new guidelines to crack down on hateful conduct and sexual harassment, following a yearlong review, which take effect in January — The livestreaming site announced new guidelines after contending with claims that its streamers were too easily abused.| Sarah Perez / TechCrunch: |
App Annie: consumers will have downloaded 130B apps globally in 2020, up 10% YoY, as spending rose 25% YoY to $112B; 65¢ of every $1 was spent on iOS — Consumers will have downloaded 130 billion apps in 2020 across iOS and Google Play, up 10% year-over-year, according to mobile data … | Danny Nelson / CoinDesk: |
France unveils sweeping know-your-customer rules for cryptocurrency firms operating in and servicing the country and plans more rules on crypto transactions — The French Ministry of Finance unveiled sweeping know-your-customer requirements on all cryptocurrency companies operating … | Nicole Lee / Engadget: |
Amazon begins rolling out a new Fire TV UI with user profiles, a simpler design, and more — Back when Amazon announced its latest Fire TV products — namely, the third-generation Fire TV Stick ($40) and the Fire TV Stick Lite ($30) — it also said it was going to roll out a new Fire TV interface this year.| Emil Protalinski / VentureBeat: |
Google says it will compel Chrome extensions to display privacy practices and limit data that developers can collect from January 18, 2021, ahead of Chrome 88 — At Chrome Dev Summit 2020 today, Google announced it will change how extensions access data and how extension permissions work in 2021.
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