Tag Archives: tech

House lawmakers introduce Big Tech bills that could break up Amazon, Google and others

The bipartisan legislation marks Congress’s most significant push to date to rein in Silicon Valley, in some cases taking direct aim at tech giants’ underlying business models. If successful, the legislation could force Google (GOOG) to stop promoting YouTube in its search results, or prohibit Amazon (AMZN) from selling products on its marketplace that compete directly with third-party seller listings. Apple (AAPL) could be required to relax its restrictions on iOS app developers, and… Source link

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Ohio sues Google, claims tech giant should be regulated as public utility

The state of Ohio filed suit against Google on Tuesday, claiming the tech giant should be regulated as a public utility due to its “discriminatory and anti-competitive” practices. The civil action, filed by Ohio Attorney General Dave Yost in Delaware County Common Pleas Court, does not seek monetary damages, but instead asks for Google to be declared a “common carrier” that could come under oversight from a body such as the state’s Public Utilities Commission. “Google uses its dominance of… Source link

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Biden order to ban investment in 59 Chinese defense and tech firms

By Michael Martina WASHINGTON, June 3 (Reuters) – The Biden administration will issue a new executive order on Thursday that bans U.S. entities from buying or selling publicly traded securities for 59 Chinese companies with alleged ties to defense or surveillance technology sectors, senior administration officials said. The Treasury Department will enforce and update on a “rolling basis” the new ban list, which replaces one from the Department of Defense, the officials, noting the policy would… Source link

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Russian Tech Giant Yandex Acquires KupiVIP

Yandex.Market is one of Russia’s leading e-commerce platform players. Shutterstock Yandex not only has a widespread technology portfolio that has led it being called “Russia’s Google”, the company’s Yandex.Market also makes it one of Russia’s main e-commerce platform players. It has now taken aim at the fashion retail sector by acquiring online fashion destination, KupiVIP,… Source link

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Today in European Tech: Northvolt is reportedly raising €2.2 billion, Doktor.se scores €50 million, Yandex buys KupiVIP, and more

Hello! Here’s what happened today in European Tech. Deals – Israeli ad-tech company Tremor has filed for an IPO on Nasdaq, after its share price has risen by almost 500% on the London Stock Exchange over the past year to a market cap of about £1.1 billion. – Planet, a Galway-based fintech company, has secured investment from Advent International, a private equity firm. Existing shareholder Eurazeo has sold a portion of its stake to Advent. The deal, according to Eurazeo,

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Google Clarifies Its Stance On Post-Cookie Advertising IDs – And It’s Not Good For Ad Tech

Google gave its clearest guidance yet regarding how the company will treat shared advertising identifiers once third-party cookies are removed from Chrome. And it’s not good news for ad tech companies that have championed universal ID programs. In March, Google’s director of product management for ads privacy and trust, David Temkin, confirmed in a company blog post that Google would not build alternate identifiers once third-party cookies are deprecated in Chrome, nor allow… Source link

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Stocks rise, adding to gains as tech shares extend rebound

Stocks rose on Tuesday to extend a rally from a day earlier, with technology stocks outperforming as concerns over rising inflation were at least temporarily pushed to the side.  The S&P 500 ticked up after the index closed out Monday’s session higher by 1%. The Nasdaq and Dow also rose. The move higher in technology stocks came alongside a move lower in Treasury yields, with the yield on the benchmark 10-year note hovering just below 1.6%. Cryptocurrency prices steadied, and Bitcoin prices… Source link

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Germany Targets Google Market Power in Expansion of Tech Rules

Germany’s competition regulator is investigating whether Google is dominant enough to be subject to the country’s new digital-competition law, broadening its efforts to brandish new powers against companies including Amazon.com Inc. and Facebook Inc. Germany’s Federal Cartel Office said Tuesday that it has opened a probe into whether Google, the main unit of Alphabet Inc., is of “paramount significance for competition across markets.” That… Source link

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[Techie Tuesday] Meet the man who built patented systems at Yahoo, and is now leading tech at Acko

Vishwanath Ramarao needs no introduction in the world of technology and engineering. In two decades, he has developed over 15 patents in search system designs, IM, mail, and communication.  Today, as Chief Technology Officer and Chief Product Officer of digital insurance startup Acko, Vishwanath is responsible for data science, product, design, and engineering, and focuses on ensuring newer strategic technology initiatives.  His belief has stood him in good stead: “If you fall in love with… Source link

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