The AT&T-Time Warner merger could end up costing consumers less money than what some earlier estimates suggest, the government's star witness admitted in federal court Tuesday as he clashed repeatedly with company lawyers over key figures in his economic analysis of the deal. Instead of paying a minimum of…
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Facebook's mishandling of its users’ personal information prompted stiff penalties from the U.S. government in 2011 -- including a requirement that the social giant submit to regular privacy checkups for the next two decades. However, Facebook got to hand-pick its own reviewers, global accounting firm PwC, which…
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Google, which dominates online advertising, continues to thrive amid escalating threats of regulation in Washington and a wider backlash against Silicon Valley and widespread data collection. In the first quarter, Google parent company Alphabet's net income grew by 73 percent, totaling about $9.4 billion. Revenue rose 26 percent to $31 billion…
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European regulators said Monday that they're deepening their probe into Apple's acquisition of the music recognition app Shazam over concerns that the deal could limit people's streaming music choices and unfairly weaken companies such as Spotify. Shazam, which is based Great Britain, lets people use their smartphone microphones to…
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The Justice Department is currently investigating whether AT&T and Verizon may have colluded to thwart a technology that could allow wireless customers to switch network providers more easily. But antitrust officials conducting a similar probe in 2016 found little evidence for the claim and ultimately dropped the…
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The Department of Justice is investigating potential efforts by AT&T and Verizon to hamstring a technology that could someday make it easier for consumers to seamlessly switch their wireless carriers, according to three people familiar with the matter. The probe appears to focus on whether those companies --…
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Google is rolling out a new chat service to replace standard texting, a move that analysts say will offer Android users advanced features already found in popular chat services like Apple's iMessage and Facebook's WhatsApp. But the unveiling also represents a strategic retreat for the tech giant, experts say,…
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For weeks, officials defending the AT&T-Time Warner merger have spoken in broad terms about how the deal could lower TV subscription prices for consumers and spur "innovation." But it wasn't until this week that top company executives laid out concrete specifics about their plans for the combined company…
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House Republicans have invited "Diamond and Silk," two conservative video bloggers who were deemed "unsafe" by Facebook after becoming online sensations, to testify next week about allegations of conservative bias online. The hearing, set for Thursday before the House Judiciary Committee, comes as Republicans accuse Facebook, Google and Twitter…
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It’s our currency, but it’s your problem. – U.S. Treasury Secretary John Connelly to European Finance Ministers, 1971 Today’s post will cover a topic that consumed my thoughts for many years, but one I haven’t discussed much lately. Namely, the terminal nature of a global financial system…
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