![]() Download speeds, which may hit 50 megabits per second on a typical 4G LTE connection, peaked at almost 500 mbps on Sprint's 5G network and over 1 gigabit per second on Verizon's. CNET's phone reviewer extraordinaire Jessica Dolcourt and some of her colleagues have been flying around the country to try out the new networks in Chicago and Dallas. But for now, 5G is just for customers of two carriers in a handful of cities. ![]() We'll all have access to super-fast, new 5G wireless networks on our phones, someday. Facebook has also briefed the Treasury Department. The chair of the Commodity Futures Trading Commission, Christopher Giancarlo, says his agency is in the “very early stages of conversations” with Facebook over the company's plan to create a digital currency, The Financial Times reports. Vincent Ramos was also ordered to forfeit $80 million in ill-gotten earnings.Īsking for permission. The former CEO of Phantom Secure, which built an encrypted messaging network for criminals, was sentenced to nine years in prison last week. Foreshadowing a possible lawsuit, the ACLU called the policy "dangerous and problematic."Ĭlub fed. Want a visa to enter the United Stated? Under a new policy, the Trump administration is now requiring applicants to list all social media accounts they have used in the past five years. Was your Sunday night perhaps a little more stress-free than usual? Could be because of a multi-hour outage of Google's cloud service that also knocked out Snapchat, YouTube, and other distractions in parts of the United States and Europe. Instead, regulators and courts will need to agree that harm done to competitors is reason enough to punish the behemoths. Google (whose services are free) and Amazon (which relentlessly drives down prices) won’t be susceptible to such arguments. Modern antitrust theory zeroes in on consumer harm, typically measured by higher prices. ![]() If these cases get going, they’ll turn wonky fast. ( The Wall Street Journal said last week the Justice Department is readying a case against Google read closely, and it’s clear all these investigations-not including the FTC’s coming action against Facebook-are preliminary.) The New York Times reports that the FTC and Justice have drawn an antitrust Tordesillas meridian, with the FTC turning its sights on Amazon’s market power in retailing and Justice focusing on the effect Google has on competing e-commerce sites. The Justice Department, humbled in its quixotic attempt to stop AT&T from acquiring Time Warner, hasn’t moved against a Silicon Valley hegemon.Īnd yet the drumbeat grows louder. Though Facebook has said that the Federal Trade Commission is about to fine it billions of dollars, it hasn’t. Congress has made little progress on a privacy law to override a soon-to-be-enacted provision in California. The UK Competition and Markets Authority is expected to decide soon whether to block the forthcoming Chrome changes.Adam then, as often is the case where the main actors in a drama are regulators and legislators, almost nothing has happened. "There is a weaponization of privacy to justify business decisions that consolidate power to their business and disadvantage the broader marketplace," said Chad Engelgau, chief executive of Interpublic Group of Companies Inc's ad data unit Acxiom.įrance's competition authority on Wednesday temporarily allowed Apple to move forward with new tracking limits, saying privacy protections prevailed over competition concerns. "We don't believe tracking individuals across the web will stand the test of time as privacy concerns continue to accelerate," Jerry Dischler, a Google vice president overseeing ad services, told an industry conference last week.īut smaller rivals dismiss the privacy rationale used by big companies such as Google and Apple Inc to restrict tracking since they would continue to collect valuable data and potentially capture even more ad revenue. The Chrome changes would affect ad tech companies that use cookies to collect people's viewing history to direct more relevant ads to them. Google has been limiting data collection and usage across several of its services. Texas on Tuesday amended its complaint to, among other things, allege that forthcoming changes to Chrome "are anti-competitive because they raise barriers to entry and exclude competition" in web advertising. ![]() But antitrust litigation experts said the department also still had time to amend its existing complaint to include the ad tech concerns. ![]() If the Justice Department sues over ads-related conduct, it could file a new lawsuit or join the Texas case, one of the sources said. "The enormous competition in ad tools has made online ads more affordable, reduced fees, and expanded options for publishers and advertisers," the company said. Google defended its ad business, saying it was helping companies grow and protecting users' privacy from exploitative practices. ![]()
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