DOJ files antitrust suit against Google – ProWellTech
Google faces big antitrust lawsuit, Amazon offers to pay customers for purchase data, and let’s look into the iPhone 12. This is your Daily Crunch for October 20, 2020.
The big story: DOJ files antitrust lawsuit against Google
The lawsuit accuses Google of “illegally maintaining monopolies in the markets for general search services, search advertising and general search text advertising in the United States.” It is co-signed by 11 states, all with Republican attorneys general: Texas, Arkansas, Florida, Georgia, Indiana, Kentucky, Louisiana, Michigan, Missouri, Montana, and South Carolina.
Google called the US Department of Justice case “deeply flawed” and offered a platform-by-platform argument that doesn’t actually have an unfair market dominance. For example, it attributed its popularity in research to a superior product rather than anti-competitive practices.
Meanwhile, Wall Street investors don’t appear to be particularly alarmed by the lawsuit.
The tech giants
Amazon launches a program to pay consumers for their non-Amazon purchase data: The Amazon Shopper Panel program asks users to send 10 receipts per month for any purchases made from non-Amazon retailers.
Snap shares explode after exceeding past earnings expectations – The company delivered $ 679 million in reported revenue, exceeding Wall Street expectations.
Review: iPhone 12 and iPhone 12 Pro, Two Gems, One Jewel – Both of these phones offer solid value, but two challengers await behind the scenes.
Startups, financing and venture capital
Perch raises $ 123.5 million to grow its stable of D2C brands they sell on Amazon – Perch acquires D2C businesses and products they are already selling on Amazon, then continues to operate and grow them.
Gowalla is about to be resurrected as an augmented reality social app – The startup was an ambitious consumer social app that wowed Silicon Valley investors, but ultimately struggled in its Foursquare research.
Synthetaic raises $ 3.5 million to train AI with synthetic data: it is already working with Save the Elephants to monitor animal populations, as well as the University of Michigan to classify brain tumors.
Tips and analysis from Extra Crunch
Seven investors discuss the opportunities for starting augmented reality and virtual reality in 2020: “It’s still early, but it’s not too early anymore.”
With startups accelerating in record third quarter, Europe and Asia reap huge VC results – Investing outside North America just had the best quarter in years.
This may be the best time to become a full-stack developer – Talos Digital’s Sergio Granada has thoughts on this spirited job title.
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