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Apple and Epic Games head to court over app revenue.


Apple and Epic Games head to court over app revenue.
Tim Sweeney, chief executive of Epic Games, arriving at court in Oakland, Calif., on Monday.Credit.Jim Wilson/The New York Times
May 3, 2021
Apple and Epic Games, maker of the wildly popular game Fortnite, are set to square off on Monday in a trial that could decide how much control Apple can exert over the app economy. The trial is scheduled to open with testimony from Tim Sweeney, the chief of Epic, on why he believes Apple is a monopoly abusing its power.
The trial, which is expected to last about three weeks, carries major implications, Jack Nicas and Erin Griffith report in The New York Times. If Epic wins, it will upend the economics of the $100 billion app market and create a path for millions of companies and developers to avoid sending up to 30 percent of their app sales to Apple. ....

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Corporate America Fights Anti-Asian Discrimination


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Joe Tsai of Alibaba is among the backers of a big new effort to counter anti-Asian violence.Credit.Mary Altaffer/Associated Press
Corporate America takes on anti-Asian discrimination
Top business leaders and corporate giants are pledging $250 million to a new initiative and an ambitious plan to stem a surge in anti-Asian violence and take on challenges that are often ignored by policymakers, Andrew and Ed Lee report in The Times.
Donors are a who’s who of business leaders. Individuals who are collectively contributing $125 million to the newly created Asian American Foundation include Joe Bae of KKR, Sheila Lirio Marcelo of Care.com, Joe Tsai of Alibaba and Jerry Yang of Yahoo. Organizations adding another $125 million to the group include Walmart, Bank of America, the Ford Foundation and the N.B.A. The initiative has echoes of the recent effort by Black executives to round up corporate support to push back against bills that would restrict voting ....

New York , United States , David Hansson , Sheila Lirio Marcelo , Sonal Shah , Joe Tsai , Joe Bae , Jerry Yang , Andrew Yang , Red Lee , Los Angeles , Tim Sweeney , Eli Broad , Jack Nicas , Ted Cruz , Tim Cook , Major League Baseball , Ford Foundation , Asian American Foundation , Republican Party , Epic Games , Credit Suisse , Mary Altaffer Associated , New York City , Apollo Global Management , Jason Fried ,

Verizon Says It Will Sell Yahoo and AOL to Apollo: Live Updates


Facebook Panel Will Say This Week if Trump’s Account Will Be Restored
Last Updated
Here’s what you need to know:
Former President Donald J. Trump has continued to deny the results of the 2020 presidential election.Credit.Erin Schaff/The New York Times
Facebook’s Oversight Board, an independent and international panel that was created and funded by the social network, plans to announce on Wednesday whether former President Donald J. Trump will be able to return to the platform that has been a critical megaphone for him and his tens of millions of followers.
The decision will be closely watched as a template for how private companies that run social networks handle political speech, including the misinformation spread by political leaders. ....

New York , United States , City Of , United Kingdom , Yvonne Gonzalez Rogers , Lauren Hirsch , Warrene Buffett , David Lipson , Thomas Kaplan , Tim Sweeney , Gillian Friedman , Alan Rappeport , Kevin Granville , Stoxx Europe , Edmund Lee , Erin Griffith , Jack Nicas , Rebeccar Ruiz , Kofi Bruce , Richard Drew Associated , Epic Games , Labor Department , New York Times , Berkshire Hathaway , Verizon Communications , European Union ,