Apple And Fortnite Duke It Out, With Consumers And Lawmakers Caught In The Middle
04/30/21 AT 3:53 PM
The case against Apple by “Fortnite” developer Epic Games is preparing to head to court, with broad ramifications for the entire tech industry. The hearings, however, could wind up as a no-win situation for Apple as its dirty laundry is aired out before increasingly skeptical lawmakers and federal regulators.
The key question of the case is whether Apple’s app store is functioning as a monopoly that Apple leverages over app developers.
Apple’s storefront is the only way to install new software on iOS phones, and comes with a variety of restrictions: Developers must accept payment through Apple’s payment system, which pockets up to 30% of the transaction.
The Technology 202: Uber, Lyft and Doordash stocks plunged as labor secretary signals hard line on gig work
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Microsoft Corp. has agreed to buy artificial intelligence company Nuance Communications Inc. for $16 billion, extending chief executive Satya Nadella s run of big acquisitions to accelerate growth in everything from healthcare to videogaming.
Microsoft said Monday it would pay $56 per Nuance share, a 23% premium over Friday s closing price, in a bet on the growing demand for digital tools within healthcare.
The all-cash deal is Microsoft s second largest acquisition under Mr. Nadella. The company in 2016 spent about $26 billion for professional network LinkedIn Corp.
Mr. Nadella s deal making has taken off since that landmark purchase. Microsoft has undertaken more than 100 acquisitions in the past four years, according to data provider Dealogic, committing more than $26 billion not including the Nuance deal.
Biden’s Antitrust Dream Team Could Mean Crackdown on Big Tech
President Joe Biden’s plan to put two progressive antitrust scholars in top positions with the Federal Trade Commission and National Economic Council signals an aggressive approach to combating corporate monopolies. by David McLaughlin, Jennifer Jacobs, Naomi Nix, Bloomberg News / March 10, 2021 President Joe Biden walks to the Oval Office of the White House after visiting a small business store that has benefited from a Paycheck Protection Program loan, in Washington, D.C., on Tuesday, March 9, 2021. Biden has signaled an aggressive approach to combating corporate consolidation and monopoly power, especially that wielded by technology giants such as Alphabet Inc.’s Google and Facebook Inc. (Yuri Gripas/Abaca Press/TNS)
The Khan and Wu appointments come as the Internet platforms are facing a reckoning in Washington that could transform the industry. AFP
US President Joe Biden’s plan to put two progressive antitrust scholars in top positions signals an aggressive approach to combating corporate consolidation and monopoly power, especially that wielded by technology giants such as Alphabet Inc’s Google and Facebook Inc.
Biden’s team is vetting Lina Khan, a Columbia Law School professor who specialises in antitrust law, to serve as a member of the Federal Trade Commission, according to people familiar with the matter. Last week, he named another Columbia law professor, Timothy Wu, to join the National Economic Council as a special assistant on technology and competition policy.
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