In the pandemic economy, tech companies are raking it in

Illustration by Alex Castro / The Verge

From a pure entertainment perspective, I am genuinely sorry that the House’s antitrust hearing targeting the big four tech companies — Amazon, Apple, Facebook and Google — took place Wednesday instead of next week. Because literally a day after a meeting attempting to determine if Big Tech was too big, three of the four companies in the hearing got bigger. (Google’s parent company, Alphabet, had a decline in revenue of about 2 percent, mostly due to a decline in search ads — but this was still better than analysts predicted.)

The hearing was about how tech companies have consolidated their power. The coronavirus seems to be making that...

Continue reading…

Comments

Post a Comment

Popular posts from this blog

Best Navigation Drawer Libraries for Android Project

Image
A lot of android applications like Google +, Facebook, Gmail, YouTube already introduced sliding menu /navigation drawer in their application . And most of them used navigation drawer in left side of app but some application have used in right and other also. Here I have collected some Android Navigation Drawer Libraries. There are a lot of third party android navigation drawer library available in the internet and I have mentioned some useful and most popular libraries here. You can choose any of them for your project. Android Navigation Drawer Libraries Following are the best navigation drawer libraries for android. Material Drawer by Milk Penz This is flexible , easy to use, all in one drawer library for your android project. This library has a header with profile, a mini drawer for tablets, provides custom drawer items custom colors, customs themes, etc. Get Material Drawer From GitHub Navigation Drawer-Material Design by Rudson Lima This library als...
Read more

Fires are growing worse at night

Image
Flames rise during Dixie Fire near Chico in Greenville, California, United States on August 5, 2021.  | Photo by Neal Waters / Anadolu Agency via Getty Images The nights have gotten hotter and drier in the Western US, which is making it harder to stop wildfires. Fires burn later into the night and pick back up earlier in the morning than they used to, firefighters say. New research backs up what firefighters have seen and finds that there’s been a pretty dramatic shift in the night air in just the past few decades. The night air’s drying power, or vapor pressure deficit, has risen sharply in the past 40 years — as much as 50 percent above the previous average in the 1980s in the southern Sierra Nevada. “I was surprised—it’s unusual to see geophysical data change that dramatically,” Andrew Chiodi, a research scientist at the University of Washington, said in a statement yesterday. Chiodi was... Continue reading…
Read more

Apple and Google must allow developers to use other payment systems, new Korean law declares

Image
South Korea has passed a bill written to prevent major platform owners like Google and Apple from restricting app developers to built-in payment systems, The Wall Street Journal reports . The bill is now expected to be signed into law by President Moon Jae-in, whose party championed the legislation. The law comes as a blow to Google and Apple who both require in-app purchases to flow only through their systems, instead of outside payment processors, allowing the tech giants to collect a 30 percent cut. If tech companies fail to comply with the new law, they could face fines of up to 3 percent of their South Korea revenue. The law is an amendment to South Korea’s Telecommunications Business Act , and it could have a large impact on how... Continue reading…
Read more