The Federal Trade Commission voted unanimously in favor of a policy spotlighting concerns over restrictions on repairing devices and vowed to probe the legality of those manufacturer-mandated constraints, following an executive order President Joe Biden signed earlier this month calling on the agency to consider writing “Right to Repair” rules on the “unfair anticompetitive restrictions on third-party repair or self-repair of items.” (The Wall Street Journal) In a party-line vote, the FTC also revoked its 1995 “prior approval” policy statement, resurrecting merger reporting requirements for startup acquisitions. (Bloomberg Law)
Joseph O’Connor, a 22-year-old U.K. man, was arrested in Spain and charged by U.S. authorities for hacking more than 130 Twitter accounts in July 2020, including those belonging to Biden, former President Barack Obama, Elon Musk, Bill Gates, Kanye West, Kim Kardashian and others. O’Connor also faces charges of cyberstalking a juvenile and hacking into TikTok and Snapchat accounts. (NBC News)
A letter organized by the Semiconductor Industry Association and sent to Senate Majority Leader Chuck Schumer (D-N.Y.), Senate Minority Leader Mitch McConnell (R-Ky.), House Speaker Nancy Pelosi (D-Calif.) and House Minority Leader Kevin McCarthy (R-Calif.) called on Congress to quickly boost U.S. semiconductor production by financing the Chips Act, which provides incentives to manufacturers to build fabrication facilities but was never funded despite becoming law in this year’s defense bill. (Bloomberg)
Ford Motor Co. and a self-driving system from Argo AI will join the Lyft Inc. network to offer autonomous rides in Miami later this year and in Austin, Texas, in 2022, the first step in the ride-hailing service’s plan to launch 1,000 robotaxis in several markets over the next five years. The Miami and Austin launches will begin with human backup drivers before transitioning to the completely driverless system at an undetermined time. (The Associated Press)
Salesforce announced it has completed its $27.7 billion acquisition of Slack, the largest transaction in its 22-year history and one that puts it on a collision course with Microsoft in the workplace collaboration software market.
India’s antitrust regulator has accused Amazon.com Inc of concealing facts and making false submissions when it sought approval for a 2019 investment in a Future Group unit, a letter to the U.S. e-commerce giant seen by Reuters showed.
The Australian antitrust regulator on Thursday began an inquiry into the local units of Amazon.com Inc, eBay Inc and other online markets to ensure fairness in a sector where sales have soared through the coronavirus pandemic.
Verizon has been pushing 5G phone upgrades and it looks like people are taking advantage. In its second-quarter earnings on Wednesday the company announced an adjusted earnings-per-share of $1.37 on $33.8 billion in revenue, beating Wall Street expectations.
The severe flooding in central China cut power temporarily at Apple Inc.’s biggest iPhone manufacturing site as water seeped into some areas and the site’s operator gave many workers time off, said factory employees there.
Five Democratic U.S. senators on Wednesday urged the Federal Communications Commission (FCC) ensure Verizon’s proposed $6.9 billion acquisition of pre-paid mobile phones provider TracFone does not raise prices or impact government programs to provide access to mobile phones for low-income Americans.
For Intel Corp Chief Executive Pat Gelsinger, an obvious strategy in his high-stakes bid to make the company a player in producing chips for others would be a transformational acquisition, analysts say. But there is just one problem – a dearth of acquisition targets for Intel to buy.
President Joe Biden and senior U.S. officials will meet private sector leaders on Aug. 25 to discuss ways to beef up cybersecurity, a White House spokesperson said on Wednesday, underscoring the need for collective action.
Saudi Arabia’s state oil giant acknowledged Wednesday that leaked data from the company — files now apparently being used in a cyber-extortion attempt involving a $50 million ransom demand — likely came from one of its contractors.
Rep. Gus Bilirakis (R-Fla.), the top Republican on the House Energy and Commerce consumer protection subcommittee, filed legislation Tuesday that would require the agency to report the number of ransomware and cyberattack-related complaints it receives, and how it cooperated with international law enforcement to respond to those issues.
A Wall Street Journal investigation found that TikTok only needs one important piece of information to figure out what you want: the amount of time you linger over a piece of content. Every second you hesitate or rewatch, the app is tracking you.
Twitter will test the use of Reddit-like upvote and downvote buttons as a way to better highlight the more interesting and relevant replies in a longer conversation thread. The company announced this afternoon it would begin what it’s calling a “small research experiment” that will add upvote and downvote buttons to replies, or even replace the “Like” button entirely.
Now, Tumblr is joining the fray with Post+, the platform’s first attempt at allowing users to monetize their content. Post+ is debuting today in limited beta for an exclusive selection of creators in the U.S., who were hand-picked by Tumblr.
Gig workers across the country staged a protest and strike today in response to Uber, Lyft and other companies’ labor practices. At the rally in San Francisco, drivers spoke about the issues with California’s Proposition 22 and urged the passage of the PRO Act.
A decade ago, many tech workers seemed more concerned with their stock options than forming a union. But in the last two years, a growing list of tech workers have formed unions or tried to, including a very powerful and rapidly-expanding one at Google — and about half of all tech workers are now interested in joining a union, according to a survey conducted by Protocol in partnership with Morning Consult.
Hundreds of Google employees have signed a petition calling on the company to improve the way it handles cases of sexual harassment and accusing it of “pushing” employees to seek mental-health support when they allege instances of harassment.
In June, Uber’s overall attrition rate was about 20%, according to figures shared with Insider. Within Eats specifically, the figure was slightly higher. Those rates are well above the usual level in the teens, people familiar with the figures say. They asked not to be identified as they were discussing sensitive internal data.
Nigel Cory and Luke Dascoli, Information Technology & Innovation Foundation
Data-localization policies are spreading rapidly around the world. This measurably reduces trade, slows productivity, and increases prices for affected industries. Like-minded nations must work together to stem the tide and build an open, rules-based, and innovative digital economy.