Well break down the numbers later, we are closing out our series on the cannabis craze with a deep dive into green thumb. We start off with a big developing story at apple as that stock hits a fresh alltime high epic gains after apple removes fortnite from the app store. Epic blasting apple. Take a look. We shall prevail. Lets get more on this developing story jewuli julia . Epic is taking legal action after apple after apple removed fortnite from the app store. Emmick posting this individ g epic posting this video with the hashtag free fortnite. Apple saying that epic has benefitted from the App Store Ecosystem for a decade saying their business interests now lead them to push for a special arrangement and not change the facts these guidelines could level the Playing Field for all developers and make the store safe for all users epic says it isnt seeking monetary compensation but injunctive relief to allow fair competition in these two key markets that directly affect hundreds of mill
A common refrain we hear from Tech Companies is, during the course of the investigation, but also on my own, since i have minute them in my district is that they cant be violating Anti Trust Laws and the primary argument is that many of their products are cheap or free, and therefore they are inherently benefiting. We have talked about this, to me the big question is its free really free . Consumers are paying for the product that they use, paying ended up, paying in privacy that they give up and often dont know they are giving up. The big Tech Companies and use that data to build these massive empires of information about consumers that give them spectacular advantage over newcomer businesses, allowing the companies to scrutinize every aspect of peoples lives, create and sell products that have the best chance of being successful. You mentioned the history of acquisitions. Facebook at made 67 on talents acquisitions, amazon has made 97, and google had made 214, mostly unchallenged acq
One on the role of data and prime fancy into competition. I recognize myself, i should state the obvious im, not bitter of the subcommittee, and chairs the subcommittee, the chair of the committee will be here in a few minutes. It has never been easier to share news and information that content and communicate with loved ones, all at a moments notice. Given the technological recognitions it, has added to the balance of power in our economy. Its important for us to understand how this affects americans, what is causing the asymmetries of power and whether these new and growing inequalities are compatible with our democratic values. The committees ongoing is a key part of this practice. Todays hearing, we will examine the role that data plays and maintaining any qualities of power, and how this affects competition. As previous hearings have shown, the growing share of Congress Communications is now controlled by a small number of companies. These platforms are innocent, largely intermedi
Test dr. Valletti, you mention the acquisitions and the history of acquisitions. As of 2018 facebook had made 67 unchallenged acquisitions. Amazon had made 97 unchallenged acquisitions. And google had made 214, mostly unchallenged acquisitions. And you proceeded over the ec, eu investigation of google, amazon, and facebook. Two questions. What kind of access do these questions have to consumers as a result of those acquisitions . Then you talked about the thresholds being one of the potential problems for why investigations arent opened. Do the thresholds of investigation need to change if we are to challenge some of these acquisitions . Thank you very much for the question, congresswoman. Do the thresholds have to change . Im very pragmatic. To the extent people have powers to look into it, fine by me. Im even in favor of changing very strategic platforms with such a big market power, i would wonder instead of asking the authorities to prove there is anticompetitive, then they could r
Windows but not killed terrorists. This is a two war president , fighting isis and fighting coggan and gold, oil, stocks barely changed. Varney and company is about to begin. Stuart two days into the air strikes against bases in syria and the market is taking a big yawn. The Dow Jones Industrial average in the first hourandahalf of business this wednesday morning virtually unchanged, of 22 Points Holding at 17,000. You would think we would see some reaction in gold as a flight to safety in times of trouble, not happening. Gold is down 1. 80, 12. 20 an ounce. The same is true for the price of oil, turmoil in the middle east, america is involved and the price of oil is down a little. We are off 0. 20 to 91 a barrel. Lieutenant colonel oliver north joins us from d. C. Always a pleasure to have you with us. I am sure you watch the presentation to the u. N. When he called for the muslim world to reject isis and reject al qaeda there was absolutely no response whatsoever from that audience.