Big Tech Clashes with House Antitrust Recommendations
The House Judiciary Committee’s landmark antitrust report has sparked fierce pushback from tech titans, setting the stage for a major regulatory battle. Released on October 6, 2020, the report proposes sweeping changes to rein in dominant platforms through:
- Structural separations to prevent expansion into adjacent markets
- Enhanced interoperability and data portability requirements
- Stricter merger and acquisition oversight
While these recommendations lack Republican support, they’ve drawn immediate fire from Amazon, Apple, Facebook, and Google. Amazon dismissed the proposals as “regulatory spitballing,” while Apple issued a “vehement” rejection of the findings.
Tech Industry Updates: Key Developments
Google’s Privacy Move
Google Assistant launches Guest Mode, offering temporary privacy by disabling personalized responses and activity logging.
Collaboration Tools Evolve
- Slack Connect DMs enables cross-company messaging with simple invite systems
- Instagram’s Threads app expands messaging capabilities to all users
Startup Spotlight: Funding Highlights
Emerging Technologies
- Envisics: Raised \(50M at \)250M+ valuation for holographic automotive displays
- Shogun: Secured $35M to help brands compete with Amazon through enhanced e-commerce platforms
Workplace Innovation
DoorDash for Work launches as a corporate solution, addressing the growing demand for workplace food benefits
Industry Insights from Experts
Mobility Market Shifts
Transportation VCs predict US-China tensions will reshape mobility markets, according to TechCrunch’s Mobility event analysis
No-Code Revolution
Unqork’s $207M Series C signals surging enterprise demand for no-code/low-code solutions
Notable Tech Developments
Scientific Breakthrough
Nobel laureate Jennifer Doudna discusses CRISPR’s potential against COVID-19 in exclusive TechCrunch interview
Privacy Initiative
Tech-publisher coalition advances browser-level privacy controls to empower users with data protection tools
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