The FinTech Hub
Source: The Verge Testimony this week from Google’s antitrust trial shows that Google gives Samsung an “enormous sum of money” each month to preinstall the Gemini AI app on Samsung devices, reports Bloomberg. Now that Judge Amit Mehta has ruled Google’s search engine is an illegal monopoly, its lawyers are sparring with the DOJ over…
Source: The Verge After half a decade fighting to keep its empire together, Google’s defenses are wearing thin. The company is facing a two-front war that could fundamentally reshape its business, and, the US Department of Justice argues, open new opportunities for its competitors. Last year a federal judge deemed Google an unlawful monopolist in…
Source: The Verge I have been reporting in Washington for nearly six years, and on politics for over a decade, and I’ve attended more corporate-sponsored policy events (and tend to nod off during them) than I can remember. I’ve also reported on the gradual disintegration of reality caused by the rise of MAGA, so I…
Source: The Verge During Meta’s antitrust trial today, lawyers representing Apple, Google, and Snap each expressed irritation with Meta over the slides it presented on Monday that The Verge found to contain easy-to-remove redactions. Attorneys for both Apple and Snap called the errors “egregious,” with Apple’s representative indicating that it may not be able to…
Source: The Verge Making Instagram a separate company. Buying Snapchat. Wiping everyone’s Facebook friends. Creating a feed of only ads. These were some of the ideas that Meta CEO Mark Zuckerberg considered over the years as he built his social media empire. Over the past two days, he talked about them from the witness stand…
Source: The Verge Meta CEO Mark Zuckerberg had a “potentially crazy idea” in 2022 to get people using Facebook more: deleting everyone’s friends’ lists. The possibility was discussed on Monday via internal emails shown by the FTC as Zuckerberg testified during Meta’s antitrust trial. Zuckerberg floated the idea of considering “wiping everyone’s graphs” — their…
Source: The Verge Japan’s Fair Trade Commission (JFTC) has ordered Google to stop making deals that give preference to Google Search and Chrome on Android devices. Nikkei Asia says that it’s the first time the regulator has issued a cease and desist order to a major tech company. The regulator found that Google had asked…
Source: The Verge A long-awaited trial between Meta and the Federal Trade Commission kicks off on April 14th. Over about two months, DC District Court Judge James Boasberg will hear arguments about whether Facebook illegally monopolized the market for personal social networking services through its 2012 and 2014 acquisitions of Instagram and WhatsApp. The FTC…
Source: The Verge On Monday, Meta will face the Federal Trade Commission in a legal fight that could reshape the social media landscape. Over the next two months, the US government will make its case that the company’s 2012 acquisition of Instagram and 2014 acquisition of WhatsApp squashed potential threats to its dominance. Meta, which…
Source: The Verge Federal Trade Commission Chair Andrew Ferguson has refused to commit to resisting President Donald Trump if he ordered the agency to drop its antitrust suit against Meta, saying he would “obey lawful orders” and calling the scenario “a hypothetical.” His comments, made at a tech policy event in Washington, DC, followed a…
