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DOJ, State AGs To Meet On Antitrust Suit Against Google

PYMNTS

In July, the CEOs of the world’s four biggest technology companies testified before the House Judiciary Committee as lawmakers investigate competition in the sector. David Cicilline (D-Rhode Island) ended the hearing by saying the companies “have monopoly power.” Google, Facebook Inc.

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Big Tech Antitrust Hearing Rescheduled For July 29

PYMNTS

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. Congress could release a report on alleged antitrust violations by major technology companies by the end of the summer. It is unclear what arguments Google will make.

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Restaurant Business Serves Up Mixed Plate For 2020

PYMNTS

The restaurant business is: a) healthy for 2020 or b) apprehensive about technology. The 2020 outlook report from the National Restaurant Association was released today and it paints a picture of an industry dealing with the countercurrents of solid consumer spending and disruptive technology. All of the above.

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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. The Controversies.

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GOP Leader Demands Twitter CEO Testify In Antitrust Probe

PYMNTS

As justification, he said, that as Congress “considers large technology companies and the competitive landscape, a thorough examination cannot exclude Twitter, a market leader in social media. David Cicilline of Rhode Island, chairman of the House antitrust panel, has said there is not enough competition in the U.S.