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DOJ, State AGs To Meet On Antitrust Suit Against Google

PYMNTS

David Cicilline (D-Rhode Island) ended the hearing by saying the companies “have monopoly power.” The four tech giants defended their massive sizes and various purchases as competitive and not indicative of a squaring-off of parts of the market. They are considering a lawsuit against the 22-year-old global technology giant.

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25 Million Mobile Users, Only 2 Million on Bank of America’s Erica

Bank Innovation

Keep in mind that we started the rollout earlier this year with Rhode Island (which has a relatively small population) and completed in all markets in June," Betty […]. Bank of America might have 25.3 million active mobile users, but only two million of those users are using the bank's virtual assistant Erica.

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DOJ Moving Forward On ‘Major Priority’ Big Tech Antitrust Probe

PYMNTS

PYMNTS reported that Rhode Island Congressman David Cicilline ended the hearing by saying they all “have monopoly power.” ” All four tech giants defended their massive sizes and various purchases as competitive and not indicative of a squaring-off of parts of the market. Additionally, the U.S.

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Big Tech Antitrust Hearing Rescheduled For July 29

PYMNTS

The hearing’s official subject is: “Online Platforms and Market Power, Part 6: Examining the Dominance of Amazon, Apple, Facebook, and Google.” Facebook will probably talk about its rivals when it comes to advertising, like Google and Amazon, and when it comes to social media, like Twitter and TikTok.

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Restaurant Business Serves Up Mixed Plate For 2020

PYMNTS

That growth will be driven by a generally healthy consumer spend and tight labor market. Matthew Britt, a chef and culinary instructor at Johnson & Wales University in Providence, Rhode Island told FSR that he was concerned about the long-term impact of restaurant outsourcing.

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Big Tech CEOs Didn’t Win Over Congress At Hearing

PYMNTS

Well, subcommittee Chairman David Cicilline of Rhode Island ended the hearing by saying that all firms “have monopoly power.”. But the hearing did highlight how the firms view their own positions in the market and what they think the future of oversight will look like. How did Big Tech do in defending itself?

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How Big Tech Is Finally Tackling Cybersecurity

CB Insights

Facebook, for example, disclosed that an unprecedented data breach in September 2018 exposed the social media accounts of up to 90M users — including login credentials — effectively compromising access to any site that lets users log in with their Facebook account. But the company is not alone. Table of contents. The Controversies.

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