Hints and tips:
...Courts and antitrust regulators are discovering how rewarding that innovation is. The man who keeps telling them is Tim Sweeney, chief executive of Epic Games, the developer behind the game Fortnite....
...The rate of innovation is high. They spend a lot of money on R&D. They are among the largest patent holders. There’s very little evidence of collusion....
...Big is not by definition bad, if it is focused more on innovation than domination — but which is it now?...
...Facebook, Amazon and Apple did not respond to requests for comment....
...Zuckerberg has repeatedly hit out at Apple’s “conflict of interest”, criticising it of charging “monopoly rents” and stifling innovation....
...But, in financial markets, you have innovation that’s controlling speed People literally fell out of their chairs....
...The CMA said in its final report that Apple and Google were depriving users and web developers of innovation and choice, noting that Apple prohibited rival app stores on its devices and blocked other ways...
...PM: A perfect segue into a main thrust of our discussion: you’ve railed against Apple and Google — in fact, you’ve sued them as monopolies [that are] stifling innovation and hurting competition....
...Executives from Alphabet, Amazon and Apple have all personally spoken to members of Congress, according to officials and industry executives....
...evidence that Apple is exercising monopoly power.”...
...Tech tools — Oppo Air Glass Chinese smartphone maker Oppo unveiled its first flagship folding phone, the Find N, at its innovation day this week, along with this augmented reality device, the Air Glass....
...By a vote of 16-6 on Thursday, senators on the judiciary committee approved the American Innovation and Choice Online Act, which is designed to stop companies giving preferential treatment to their own products...
...NHSX, the UK health service’s digital innovation arm, had already instructed its developers to begin building a second version of the app using the Google and Apple template, a move described by health officials...
...Matthew Gould, head of NHSX, the UK health service’s innovation arm, gave the go-ahead to the new project this week....
...Tim Banting, the author of the report warned: “The research report outlines a number of consequences to the US government’s over-reliance on a single vendor, including higher costs to taxpayers, less innovation...
...It is easy to imagine Apple quoting in court rooms around the world Gonzalez Rogers saying that it and developers “symbiotically benefited from the ever-increasing innovation and growth in the iOS ecosystem...
...“Android’s compatibility program has spurred incredible hardware and software innovation, and brought enormous success to Korean OEMs [original equipment manufacturers] and developers,” Google said in a...
...The rise of exchange-traded bond funds has triggered a wave of innovation, and activity is gradually shifting on to electronic venues like MarketAxess and Tradeweb....
...Ken Buck, the most senior Republican on the antitrust subcommittee, said: “Apple, Amazon, Facebook and Google have prioritised power over innovation and harmed American businesses and consumers in the process...
...The original app, designed by NHSX, the health service’s innovation arm at a cost of £12m and scrapped last June, was built to store information on people’s symptoms and location on a centralised database...
...Apple has stumbled in creating a rival to Google before....
...This week’s landmark, 449-page report from the House antitrust subcommittee into Amazon, Apple, Google and Facebook is uncompromising....
...He argues that higher ratings can stifle innovation, because developers can create a mediocre app and still garner a 4.5-star average rating....
...The lawsuit argues Google’s conduct harmed consumers through quality reductions relating to “privacy, data protection, and use of consumer data” as well as “lessening choice” and “impeding innovation”....
...No wonder the government is already considering switching to plan B, commissioning a separate app that uses Google and Apple technology....
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