The US government is sharpening its antitrust scrutiny of Big Tech. The justice department and Federal Trade Commission last week divvied up antitrust oversight for Apple, Amazon.com, Facebook and Google.
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When Naspers lists in Amsterdam, it will bring with it a dual shareholding structure to match or even exceed the worst practices of tech behemoths such as Facebook or Google parent Alphabet.
Google has warned the Trump administration that it risks compromising US national security if it goes ahead with export restrictions on Huawei, and has asked to be exempted from any ban, according to a report.
Google has agreed to buy Looker Data Sciences for $2.6-billion, expanding its offerings to help customers manage data in the cloud.
Each deal Google does is a reminder of its failures so far in the lucrative field of cloud computing and a potential warning sign to the software specialists that have thrived in the last decade.
Google has confirmed it has appealed against a €1.5-billion fine issued by the European Commission for alleged illegal practices in search advertising.
Oracle announced on Wednesday that it has secured a cloud-computing alliance with Microsoft, an acknowledgment the database giant’s go-it-alone approach to the cloud wasn’t working.
Custom-tailored capitalism is what has made Google, Facebook, Amazon and others the richest companies in the world. But this business model has enormous potential to violate civil liberties.
The smart money is still on Europe taking the more adventurous and aggressive antitrust measures. But there’s no ignoring the shift on both sides of the Atlantic.
View the latest contribution from TechCentral cartoonist Jerm.