On Wednesday, four big tech CEOs — Apple’s Tim Cook, Amazon’s Jeff Bezos, Google’s Sundar Pichai and Facebook’s Mark Zuckerberg — will come face to face with Congress, in a hearing held by Antitrust Subcommittee Chair David Cicilline. The hearing is one result of a yearlong investigation by Cicilline’s subcommittee into whether these four companies regulate more of the U.S. economy than our public officials do.
For some, this hearing may seem like a series of technical questions about market power, and for others, a mere congressional spectacle. But the stakes are high. This hearing is part of the only major investigation into corporate power by any Congress in recent memory. How this hearing goes, and whether Congress over the next few years develops the confidence to break up and regulate these giants, will in many ways determine whether America remains a self-governing democracy.
That might seem like hyperbole, but
Like everything else, the way you pay for anything, from a movie theater ticket to a new car, is changing. Google Pay completely takes your finances and makes them high-tech by allowing you to combine all your accounts in one secure place.
The best part is it turns your phone into your personal banking system, letting you make payments or transfer money in the blink of an eye. Learn all the steps you need to follow to get up and running with this service right now.
In iOS or Android, you can use Google Pay within Gmail to send money to any email address — even a non-Google one. While services vary according to country, you can also request or accept money using Gmail. Whether you’re paying or accepting payment, your information is encrypted and you can easily revoke access to your Google account on
Social media giants could soon get a stronger taste of the Trump administration’s attempt to weaken legal protections that have long shielded those platforms from liability for edits and deletions to user content.
Companies targeted by the President’s May 28 executive order could learn in more detail by Monday — when the order’s 60-day deadline arrives — how the administration intends to carry out its plan. It coincides with social media CEOs preparing to testify Monday before lawmakers on the hotly-contested and related issue of antitrust.
Underscoring the stakes, the executive order charges Twitter (TWTR), Facebook (FB) and its photo-sharing platform Instagram, as well as Google’s (GOOG) YouTube with wielding “immense, if not unprecedented, power to shape the interpretation of public events; to censor, delete, or disappear information; and to control what people see or do not see.”
The order requests that the Federal Communications Commission (FCC) reinterpret and issue
Alphabet Inc.’s (GOOGL) Google has announced an overhaul of its Gmail for G Suite business application by integrating its traditional tools to better accommodate the demands of people working from home.
The new app does not resemble the traditional Gmail format and has been converted to more of a communication tool that integrates Google’s other platforms such as Chat, Gmail, Meet, and Rooms. Google stated that it will have an “Early access preview” followed by complete availability later this year to all G Suite customers. The changes were announced in conjunction with Google’s online version of its annual conference, Google Cloud Next 2020.
In a July 15 press release, Google Vice President & GM, G Suite Javier Soltero said, “We’re integrating core tools like video, chat, email, files, and tasks, and making them better together, so that you can more easily stay on top of things, from anywhere.”
Google is investing $4.5 billion in India’s mobile internet giant Reliance Jio and the 2 will make a new affordable Android phone
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Google is to invest $4.5 billion into Indian internet company Jio Platforms, Google chief executive Sundar Pichai confirmed on Wednesday.
Jio Platforms owns India’s biggest telecoms provider Reliance Jio as well as a suite of homegrown apps such as Zoom rival JioMeet.
The investment gives Google a 7.7% stake in Jio Platforms, providing the deal is cleared by India’s regulators.
Reliance Jio’s founder, Mukesh Ambani, is currently the sixth-richest man in the world, with a net wealth of $72.4 billion.
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Google will invest $4.5 billion in disruptive, popular Indian internet firm Jio Platforms, the company confirmed on Wednesday.
The deal gives Google a 7.7%
(Bloomberg) — Type a query into the Google search bar on a smartphone and there’s a good chance the results will be dominated by advertising.
That stems from a decision in 2015 to test a fourth ad, rather than three, at the top of search results. Some employees opposed the move at the time, saying it could reduce the quality of Google’s responses, according to people familiar with the deliberations. But the company brushed aside those concerns because it was under pressure to meet Wall Street growth expectations, one of the people said.
By 2016, the extra marketing slot was a regular feature. It’s one of the many ways the search leader has altered how it presents results since its early days. Another example is the pre-packaged information Google often displays in a box at the top of a page, rather than sending users to other websites. Phased in gradually
(Bloomberg) — Google said it plans to spend $10 billion over the next five to seven years to help accelerate the adoption of digital technologies in India.
Sundar Pichai, who was born in the country and is now chief executive officer of parent Alphabet Inc., made the announcement at the annual Google for India event via video conference. He said the outbreak of the coronavirus has made clear the importance of technology for conducting business and for connecting with friends and family.
“This is a reflection of our confidence in the future of India and its digital economy,” he said of the India Digitization Fund.
The $10 billion will be invested in partnerships, operations, infrastructure, the digital ecosystem and equity investments. Google said the effort will focus on several key areas:
Enabling affordable access and information for every Indian in their own language, including Hindi, Tamil and PunjabiBuilding new products
(Bloomberg) — Digital advertising platforms run by Google, Amazon.com Inc. and other tech companies will funnel at least $25 million to websites spreading misinformation about Covid-19 this year, according to a study released Wednesday.
Google’s platforms will provide $19 million, or $3 out of every $4 that the misinformation sites get in ad revenue. OpenX, a smaller digital ad distributor, handles about 10% of the money, while Amazon’s technology delivers roughly $1.7 million, or 7%, of the digital marketing spending these sites will receive, according to a research group called the Global Disinformation Index.
GDI made the estimates in a study that analyzed ads running between January and June on 480 English language websites identified as publishers of virus misinformation. Some of the ads were for brands including cosmetics giant L’Oreal SA, furniture website Wayfair Inc. and imaging technology company Canon Inc. The data exclude social-media and online-video services, so
The UK needs tougher rules to curb the dominance of Google and Facebook, including powers to break them up, the Competition and Markets Authority has said.
It is concerned that the firms’ dominance in digital advertising raises barriers for new competitors.
This may be pushing up prices for consumers, the CMA said.
The tech giants said they faced strong competition and that they would work with regulators on their concerns.
The CMA, which has been investigating their power in advertising for a year, said on Wednesday that it was “concerned that they have developed such unassailable market positions that rivals can no longer compete on equal terms”.
Google has more than 90% of the £7.3bn search advertising market in the UK, it said.
Facebook takes more than half of the £5.5bn UK online display advertising market.
The CMA said the services provided by Google and Facebook “are highly valued by
The Unit would have a “fairness-by-design” policy, too, and the power to separate platforms — Facebook and Instagram, for instance, or Google and YouTube — if it was needed to “ensure healthy competition.”
These powers would be complimented by some company-specific initiatives. The regulator believes, for instance, that Google should be forced to hand over its search data — the questions people type and the links they click on, for instance — so that rivals can improve their own search algorithms and “properly compete.” The CMA also believes that the Unit should somehow “restrict” Google’s ability to be the default search engine on many device and browsers. Facebook, meanwhile, should be ordered to “increase its interoperability with competing social media platforms,” according to the CMA. Under the Unit’s orders, Facebook would also introduce an option that lets users decide whether they want to receive personalised ads.
These sorts of powers