FTC Chair Claims Big Tech Promote Fraud
Martin Peers, The Information
Lina Khan appears to be throwing in her lot with those politicians who want to erode tech companies’ section 230 immunity from liability over what appears on their sites. That’s one takeaway from the FTC Chair’s congressional testimony today, where she blamed a “massive increase in fraud” on “digital platforms where this conduct is tolerated and even promoted by some of the world’s largest companies.”
FCC to look at restarting data collection on broadcaster diversity
John Hendel, Politico
FCC commissioners have unanimously voted to collect input about restarting the collection of equal employment opportunity data belonging to broadcasters after a two-decade stall in doing so, according to an agency proposal unveiled Monday.
Cook, Pichai Join CEOs Urging Congress Pass Path to Citizenship
Jordan Fabian, Bloomberg
More than 90 chief executive officers, including those at Apple Inc., Amazon.com Inc. and Facebook Inc., on Thursday urged Congress to pass a law offering a citizenship path to young immigrants brought illegally to the U.S. as children.
Didi Global Considers Going Private to Placate China and Compensate Investors
Jing Yang, The Wall Street Journal
Ride-hailing giant Didi Global Inc. is considering going private in order to placate authorities in China and compensate investors for losses incurred since the company listed in the U.S. in late June, according to people familiar with the matter.
Most Apple Stores to Require Masks Again for Shoppers, Staff
Mark Gurman, Bloomberg
Apple Inc. plans to restore a mask requirement at most of its U.S. retail stores on Thursday for both customers and staff, even those who are vaccinated, in response to a resurgence in Covid cases.
PayPal comes in light on revenue, profit drops from last year
MacKenzie Sigalos, CNBC
Second quarter net profit dropped 23% from a year earlier to $1.18 billion, and the company added 11.4 million net new active accounts, for a total of 403 million active accounts.
Apple Tells Leaker to Snitch on Sources or It Will Report Them to the Police
Lorenzo Franceschi-Bicchierai, Motherboard
In a sign of escalation in its war against leakers, Apple sent a cease and desist letter to a Chinese citizen who advertised stolen iPhone prototypes on social media, according to a copy of the letter obtained by Motherboard.
Walmart to sell its e-commerce technologies to other retailers
Sarah Perez, TechCrunch
Walmart’s investments in software and retail technologies it used to transform its business from a brick-and-mortar to one that combines both in-person and online shopping will now be made available to other retailers for the first time, the company announced today.
‘A Tesla for every referral’ as start-ups buy Amazon’s top sellers
Dave Lee, Financial Times
Almost 70 aggregators have raised $7bn to acquire successful marketplace merchants.