37 US States sue Google over extravagant Play Store commission

In a significant development 37 U.S. state and district attorneys general have sued Alphabet Inc’s Google alleging that the search engine giant’s search and advertising policies violates antitrust law. The lawsuit, one of a series that has been filed against Google in the United States, comes in the wakes of complaints from app developers regarding…

Apple Korea offers $84.02 million to settle antitrust probe

On Monday, South Korea’s competition watchdog stated, Apple’s Inc South Korean unit has put forwards proposals to address antitrust concerns and has offered $84.02 million (100 billion won) in support programmes to small small businesses, consumers and others. The development comes in the wake of Apple Korea being investigated by the Korea Fair Trade Commission…

Facebook, Google has up to Nov. 2020 to comply to Australian competition rules

On Thursday, Australia made it lucidly clear to technology giants Facebook Inc and Google Inc that will have to agree and comply to Australia’s new rules, designed to ensure that they do not abuse their market power and damage competition, failing which the government will impose new controls on them. In a statement, Australian Prime…

European Commission scrutinizing how FB and Google monetizes data, leverages it to expand, block competitors

In a statement, the European Commission said, it is investigating how Facebook collects and monetizes its data. The development signals the opening of a second front, on top of an existing investigation, into Facebook’s marketplace. As part of preliminary investigations into both Facebook and Google, the EU executive said, it had sent out questionnaires to…

Axel Springer acquires 85% stake in U.S. tech company Appcast for around $79 million

The deal is aimed at expanding Axel Springer’s growth strategy through targeted online job recruitment advertisements. Axel Springer, a German publisher stated, Stepstone, its jobs portal, had acquired a 85% stake in Appcast for around $79 million. Appcast is a U.S. tech company that specializes in programmatic advertising. Programmatic advertising uses automation to serve job…

Adobe Systems inc to acquire Magento Commerce for $1.68 billion in cash

The acquisition is aimed at bolstering Adobe’s Experience Cloud business. In what is stated to be Adobe Systems Inc’s biggest deal in a decade, the U.S. software company disclosed it would be acquiring Magento Commerce, an e-commerce services provider, from private equity firm Permira for $1.68 billion in cash. Following the news, shares of Adobe…

Usage of VPNs gaining ground with Congress repealing internet privacy rules

The repealing of the safety provisions have given rise to a niche market for smaller broadband service providers such as California-based Sonic which offers free VPN services to its customers. With the U.S. Congress repealing rules that govern how internet service providers can use customer data, there is a renewed interest in virtual private networks…

Snap Inc. AR lenses has great potential for advertisers

Its AR lenses allows just about any object to be used as a billboard. In the next iteration of Snapchat’s Lenses could be a significant evolutionary step: The Information has reported that Snap. Inc is developing a smarter version of its world lenses and cute filters which could overlay images, including advertising, onto almost any real-world…