[…] the estimated $100 million Uber apparently straight-up squandered on incredibly obvious, third-party digital advertising scams… something that is garnering mainstream coverage in the first days of 2021, despite coming to light back in February of last damn year. Twitter / @nandoodles You Google Played yourself — Former Sleeping Giants alum and co-founder of Check Read more about Uber wasted $100 million on useless digital ad campaigns[…]

China’s crackdown on Jack Ma’s empire is far from over: The country’s regulators have ordered the Ma-founded Alibaba affiliate Ant Group to scale down its business. In particular, they’ve ordered the company to “return to its origins” as a payment provider. Ant Group started out as Alipay, which became China’s largest digital payment platform, though Read more about China pushes Alibaba founder Jack Ma to downsize his finance business Ant Group[…]

China kicked off an investigation into alleged monopolistic practices at Alibaba Group Holding and summoned affiliate Ant Group Co. to a high-level meeting over financial regulations, escalating scrutiny over the twin pillars of billionaire Jack Ma’s internet empire. The probe announced Thursday marks the formal start of the Communist Party’s crackdown on the crown jewel Read more about China Targets Jack Ma’s Alibaba With Monopoly Investigation[…]

YouTube says it has found a “smoking gun” to prove that a class-action lawsuit filed by Grammy award-winning musician Maria Schneider and Pirate Monitor Ltd was filed in bad faith. According to the Google-owned platform, the same IP address used to upload ‘pirate’ movies to the platform also sent DMCA notices targeting the same batch Read more about YouTube Class Action: Same IP Address Used to Upload ‘Pirate’ Movies & File DMCA Notices[…]

Cydia, the original app store for jailbroken iPhones, has joined a wave of companies and regulators in targeting Apple over antitrust concerns. In a lawsuit it filed on Thursday, it accused Apple of “anti-competitive acquisition and maintenance of an illegal monopoly over iOS app distribution.” Were that not the case, Cydia argues, users would “be Read more about Jailbreak app store Cydia files its own antitrust lawsuit against Apple[…]

Wall Street has begun trading water as a commodity, like gold or oil. The country’s first water market launched on the Chicago Mercantile Exchange this week with $1.1 billion in contracts tied to water prices in California, Bloomberg News reported. The market allows farmers, hedge funds, and municipalities to hedge bets on the future price Read more about Wall Street Begins Trading Water Futures as a Commodity[…]

In 2017, Zunum Aero was flying high. The Kirkland, Washington-based aviation startup came out of stealth mode with bold plans to build a fleet of 12-seat hybrid electric jets for short, regional hops between cities. The company, which had received millions of dollars from the venture arms of Boeing and JetBlue, said it would be Read more about Struggling electric jet startup Zunum sues Boeing for fraud, misuse of trade secrets, poaching talent[…]

Don’t be surprised if you start seeing ads on videos made by smaller YouTube creators. The video-sharing website has updated its Terms of Service, and it includes a new section that gives it the right to monetize videos from channels not big enough to be part of its Partner Program. That doesn’t mean new creators Read more about YouTube will run ads on smaller creators’ videos without paying them[…]

iOS 14.3 will prompt some users to install selected third-party applications during setup, in what is likely an attempt to stifle any allegations of anticompetitive behaviour from regulators. The feature, which is buried deep within the beta version of the upcoming iOS release and was first spotted by 9to5Mac, is believed to be activated depending Read more about Apple braces for antitrust woes by letting users select and install third-party apps during setup of iOS 14.3[…]

The European Union is serving formal antitrust charges to Amazon, saying that the retailer has misused its position to compete against third-party businesses using its platform. Officials, led by competition chief Margrethe Vestager, believe there is enough evidence to charge the company for this misuse. This data, so the claim goes, was used by Amazon Read more about European Commission charges Amazon over misuse of seller data to make copy cat products[…]

The US Department of Justice on Thursday filed a legal request to formally take control of more than $1bn in Bitcoin (BTC) generated from the sales of illicit goods at Silk Road. It is believed the crypto-coins were stolen from the dark-web market at some point, and now the Feds want to take ownership of Read more about Uncle Sam’s legal eagles hope to get their claws on $1bn in Bitcoin ‘stolen by hacker’ from dark-web souk Silk Road[…]

We all knew it was coming. Today, the US government’s Department of Justice filed an antitrust lawsuit against Google. The company, which is a part of Alphabet, is accused of having an unfair monopoly over search and search-related advertising. In addition, the department disagrees with the terms around Android, the most widely-used mobile operating system, Read more about The Department of Justice sues Google over antitrust concerns | Engadget[…]

After spending years promising Congress that the data it collected from third-party sellers wasn’t used to beef up its private-label products, today Amazon decided to roll out a product meant to do exactly that. The Amazon Shopper Panel, as it’s called, promises to pay Amazon customers that offer intel to the ecommerce giant about where Read more about Amazon’s Stops Pretending and launches anticompetitive New Panel Program[…]

The representatives of producers and importers of consumer electronics (NLdigital, NLconnect, TechniekNederland, FIAR CE and STOBI) have asked Minister Dekker to take a closer look at the current home copying system. The trade associations believe that the protection of copyright through this regulation is increasingly out of step with the technical and economic reality. NLdigital Read more about Trying to change the Dutch home copy tax[…]

British Airways has been fined £20m ($26m) by the Information Commissioner’s Office (ICO) for a data breach which affected more than 400,000 customers. The breach took place in 2018 and affected both personal and credit card data. The fine is considerably smaller than the £183m that the ICO originally said it intended to issue back Read more about British Airways fined £20m over data breach[…]

On Thursday, Amazon Web Services launched CloudWatch Synthetics Recorder, a Chrome browser extension for recording browser interactions that it copied from the Headless Recorder project created by developer Tim Nolet. It broke no law in doing so – the software is published under the permissive Apache License v2 – and developers expect such open-source projects Read more about Come on, Amazon: If you’re going to copy open-source code for a new product, at least credit the creator – FOSS problems[…]

It took Soraya Bagheri a day to learn that 450 shares of Moderna Inc. had been liquidated in her Robinhood account and that $10,000 in withdrawals were pending. But after alerting the online brokerage to what she believed was a theft in progress, she received a frustrating email. The firm wrote it would investigate and Read more about Robinhood Users Says There’s No One To Call When Accounts Are Hacked[…]