Antitrust investigation dubs App Store a monopoly, Microsoft adopts ‘app fairness’ rules, pandemic boosts Q3 app revenues

Welcome back to This Week in Apps, the TechCrunch series that recaps the latest OS news, the applications they support and the money that flows through it all.

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The app industry is as hot as ever, with a record 204 billion downloads and $120 billion in consumer spending in 2019. People are now spending three hours and 40 minutes per day using apps, rivaling TV. Apps aren’t just a way to pass idle hours — they’re a big business. In 2019, mobile-first companies had a combined $544 billion valuation, 6.5x higher than those without a mobile focus.

In this series, we help you keep up with the latest news from the world of apps, delivered on a weekly basis.

Apple declared monopoly by U.S. House Judiciary subcommittee on antitrust

Apple was one of the four big tech companies the House Judiciary subcommittee on antitrust declared as having enjoyed

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Blockchain Technology in Transportation and Logistics Market By Development, Trends, Investigation 2020 And Forecast To 2026

The MarketWatch News Department was not involved in the creation of this content.

Oct 08, 2020 (Profound via COMTEX) —
The report provides rational insights along with historical and forecast data to aid in better understanding of the Global Blockchain Technology in Transportation and Logistics Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Blockchain Technology in Transportation and Logistics market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.

The report includes thorough compilation of the quantitative analysis of the industry for the period of 10 years in order to assist players to grow in the market. Insights on specific revenue figures generated are also given in the report, along with projected revenue at the end of the forecast period. This study includes a widespread analysis of the

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House investigation faults Amazon, Apple, Facebook and Google for engaging in anti-competitive monopoly tactics

Congressional investigators faulted Facebook for gobbling up potential competitors with impunity, and they concluded Google improperly scraped rivals’ websites and forced its technology on others to reach its pole position in search and advertising. The lawmakers’ report labeled both of those firms as monopolies while faulting the federal government for failing to crack down on them sooner.

Amazon and Apple, meanwhile, exerted their own form of “monopoly power” to protect and grow their corporate footprints. As operators of two major online marketplaces — a world-leading shopping site for Amazon, and a powerful App Store for Apple — the two tech giants for years set rules that essentially put smaller, competing sellers and software developers at a disadvantage, the report found.

The House investigation stopped short of calling on the Trump administration to break up any of the companies. Instead, it proposed the most sweeping overhaul of U.S. antitrust law in

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IRS under investigation for buying Americans’ smartphone location data

  • The IRS is under investigation by the US Treasury’s Inspector General for reportedly buying Americans’ smartphone location data in order to track them.
  • Democratic Sens. Ron Wyden and Elizabeth Warren called for the investigation last month after IRS agents told the senators that the agency bought people’s smartphone location data from a company called Venntel.
  • Venntel sells location data scraped from people’s smartphones that are gathered from normal apps like games, exercise apps, and weather apps.
  • While government agencies typically need to obtain a search warrant before gathering personal information from people’s phones, buying location data directly from private companies like Venntel lets them sidestep that requirement.
  • Visit Business Insider’s homepage for more stories.

The IRS is under investigation by the US Treasury’s Inspector General over its practice of buying people’s smartphone data from private surveillance companies, according to a letter from the Inspector General obtained by Business Insider.

In

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The Law Offices of Frank R. Cruz Announces Investigation of Fulton Financial Corporation (FULT) on Behalf of Investors

The Law Offices of Frank R. Cruz announces an investigation of Fulton Financial Corporation (“Fulton” or the “Company”) (NASDAQ: FULT) on behalf of investors concerning the Company’s possible violations of federal securities laws.

If you are a shareholder who suffered a loss, click here to participate.

On September 28, 2020, the U.S. Securities and Exchange Commission (“SEC”) announced that Fulton had been charged with accounting and disclosure violations. Specifically, the SEC stated that, in two quarters in which Fulton was on track to meet or beat analyst consensus EPS estimates, Fulton included a valuation allowance that “was at odds” with its reported methodology. Then, in mid-2017, “Fulton belatedly reversed the valuation allowance, increasing its EPS by a penny in a quarter when it otherwise would have fallen short of consensus estimates.”

On this news, the Company’s share price fell sharply during intraday trading on September 29, 2020.

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China threatens antitrust investigation of Google

China is preparing to launch an antitrust probe into Alphabet’s Google, looking into allegations it has leveraged the dominance of its Android mobile operating system to stifle competition, two people familiar with the matter said.

The case was proposed by telecommunications equipment giant Huawei last year and has been submitted by the country’s top market regulator to the State Council’s antitrust committee for review, they added. A decision on whether to proceed with a formal investigation may come as soon as October and could be affected by the state of China’s relationship with the United States, one of the people said.

The potential investigation follows a raft of actions by U.S. President Donald Trump’s administration to hobble Chinese tech companies, citing national security risks. This has included putting Huawei on its trade blacklist, threatening similar action for Semiconductor Manufacturing International and ordering TikTok owner ByteDance to divest the short-form video

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China is preparing an antitrust investigation into Google, sources say

Visitors pass by the logo of Google at the high profile startups and high tech leaders gathering, Viva Tech, in Paris, France May 16, 2019.

Charles Platiau | Reuters

China is preparing to launch an antitrust probe into Alphabet’s Google, looking into allegations it has leveraged the dominance of its Android mobile operating system to stifle competition, two people familiar with the matter said.

The case was proposed by telecommunications equipment giant Huawei Technologies last year and has been submitted by the country’s top market regulator to the State Council’s antitrust committee for review, they added.

A decision on whether to proceed with a formal investigation may come as soon as October and could be affected by the state of China’s relationship with the United States, one of the people said.

The potential investigation follows a raft of actions by U.S. President Donald Trump’s administration to hobble Chinese tech companies,

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Exclusive: China preparing an antitrust investigation into Google

By Cheng Leng, Keith Zhai and David Kirton

BEIJING/SINGAPORE/SHENZHEN, China (Reuters) – China is preparing to launch an antitrust probe into Alphabet Inc’s <GOOGL.O> Google, looking into allegations it has leveraged the dominance of its Android mobile operating system to stifle competition, two people familiar with the matter said.

The case was proposed by telecommunications equipment giant Huawei Technologies Co Ltd last year and has been submitted by the country’s top market regulator to the State Council’s antitrust committee for review, they added.

A decision on whether to proceed with a formal investigation may come as soon as October and could be affected by the state of China’s relationship with the United States, one of the people said.

The potential investigation follows a raft of actions by U.S. President Donald Trump’s administration to hobble Chinese tech companies, citing national security risks.

This has included putting Huawei on its trade blacklist,

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