Britain's competition watchdog is planning a formal competition investigation into Amazon, as per a report citing three unidentified people familiar with the situation.
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Thursday, June 10, 2021
TikTok, WeChat, More Apps Faces New Review as US President Joe Biden Drops Donald Trump’s Ban Attempt
US President Joe Biden withdrew a series of Trump-era executive orders that sought to ban new downloads of WeChat and TikTok, and ordered a Commerce Department review of security concerns posed by those apps and others.
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Loki Is My Big Love Letter to Sci-Fi, Director Kate Herron Says
Loki series director Kate Herron talks about how the new Marvel series is her big love letter to sci-fi from Brazil to Blade Runner. The TVA officers are inspired by brutalist architecture, as Herron didn’t want it to be super futuristic. Natalie Holt’s Loki score blends theremin with Nordic instruments.
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Big Tech Said to Be Targeted With Five New Bills by Top US Antitrust Lawmakers
Lawmakers in the House of Representatives are working on drafts of five antitrust bills, four of them aimed directly at reining in Big Tech, and may introduce them within days, according to three sources familiar with the matter.
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Twitter Appoints Mimi Alemayehou to Replace Elliott’s Jesse Cohn as New Board Member
Twitter appointed development finance executive Mimi Alemayehou to its board of directors to replace Elliott Management partner Jesse Cohn, after the activist hedge fund helped create a blueprint for changes that led to a doubling of the social media firm's share price.
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Facebook Global Advertising Chief Carolyn Everson Leaves Company
Facebook advertisements chief Carolyn Everson is leaving the company, she said in a post on the social media platform.
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Have an Echo device? Amazon may help itself to your Wi-Fi
Amazon has launched a program that forces users of many Echo smart speakers and Ring security cameras to automatically share a small portion of their home wireless bandwidth with neighbors. The only way to stop it is to turn it off yourself.
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Market power of Siri, Alexa, Google a concern, EU regulators say
Similar inquiries in the past into sectors such as e-commerce, pharmaceuticals, financial services and energy have led to cases against companies and hefty fines
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White House drops Trump orders trying to ban TikTok, WeChat
A new executive order directs the Commerce Department to undertake what officials describe as an "evidence-based" analysis of transactions involving apps that are manufactured or supplied or controlled by China
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El Salvador becomes the first country to make Bitcoin legal tender
El Salvador's Legislative Assembly has approved legislation making the cryptocurrency Bitcoin legal tender in the country, the first nation to do so, just days after President Nayib Bukele made the proposal at a Bitcoin conference.
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Twitter appoints new board member to replace Elliott's Jesse Cohn
Alemayehou will join the board immediately and Cohn will step down, the company said in a release. Elliott, one of Twitter's top 20 investors, will continue to engage with senior management and the board through an "information sharing and engagement agreement," Twitter said.
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Facebook's global ads chief Carolyn Everson leaves company
Everson, who had been at Facebook more than a decade, was vice president of Facebook's Global Business Group
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Facebook says on track to reopen all US offices by October
Facebook Inc expects to reopen all its U.S. offices by October, with plans to offer flexible work-related options to employees, the social media platform said.
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Top US antitrust lawmaker targets Big Tech with new bills: Sources
Reuters has read discussion drafts of five measures. Sources familiar with the process say they may be changed before they are introduced. They may be introduced this week but that may be delayed, two sources said.
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Facebook Says on Track to Reopen All US Offices by October
Facebook expects to reopen all its US offices by October, with plans to offer flexible work-related options to employees, the social media platform said.
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Facebook Remote Work Made Permanent as Offices Re-Open, to Help Employees in Moving to Other Countries
Facebook said it will give employees the option of sticking with remote work for the long term, even offering to help some interested in moving to other countries.
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Democrats circulate draft antitrust bills that could reshape Apple, Amazon, Facebook and Google
The draft bills come after a more than year-long probe into Amazon, Apple, Facebook and Google by a House panel.
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Google's health lead says 'global impact' is more important than revenue for now
David Feinberg has been leading the company's Health unit for more than two years now.
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Huawei to be excluded from JPMorgan bond indices
US bank JPMorgan said it will exclude Huawei's dollar bonds from some its most influential investment indices from the end of next month, following the latest ratcheting up of U.S. sanctions on Chinese technology firms.
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Amazon has signed up multiple companies to its telehealth service
Amazon expects to announce which companies have signed on to use Amazon Care later this year, an executive said Wednesday.
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IBM tells U.S. employees they will return to the office in September
Fully vaccinated employees will be allowed to work in the office without masks.
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