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Judge goes back and authorizes monopoly process against Meta

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THE Goal, the company that owns the Facebook, WhatsApp and Instagram services, must even be formally sued by the Federal Trade Commission (FTC), the main regulatory body for commercial activities in the United States.

District of Columbia Judge James Boasberg reviewed a decision he made in June 2021, when he denied the progress of the FTC lawsuit that accused the company of monopoly and anti-competitive market practices.

The accusation is the result of a years-long investigation by the FTC, but which had arguments considered insufficient on the first attempt. Now, however, Boasberg claims the redone document provides enough consistency to take the case to court.

What will be judged?

The FTC’s lawsuit involves allegations that Meta, when it was still called Facebook, exercised market dominance in its services and only expanded that by buying competitors.

GoalMeta, the company that controls social networks like Facebook and Instagram, is expected to be sued for a monopoly in the US.

“In contrast to the previous document, this statement makes specific and reinforced claims that lead to the same conclusion: Facebook maintained market dominance during the time period evaluated. (…) Facebook’s market share comfortably exceeds the levels that the court regards as sufficient to establish monopoly power,” the judge declared.

Now, the process can proceed normally, but it must involve the presentation of more concrete evidence by the commission. In a note, Meta regretted that its request to cancel the action was denied and is based on the argument that the previous acquisitions were already approved at the time.

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Google Formed a New Division Dedicated to Blockchain, Report Says

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After years of tiptoeing directly into blockchain projects, tech giant Google is finally looking to get its feet wet.

The Alphabet subsidiary has appointed a new executive to lead a unit dedicated to “blockchain and other next-generation distributed computing and data storage technologies.”

New Google Division Dedicated to Blockchain

This information was confirmed by Bloomberg Yesterday. Shivakumar Venkataraman, Alphabet’s vice president of engineering, will now head the unit as the founding leader of Labs, an incubator created by Google to test new projects dedicated to virtual and augmented reality.

Venkataraman, who has worked at Google for more than 18 years, brings more than 25 years as a software engineer with companies like IBM, as well as more than 10 years in paid advertising for the tech giant, according to his LinkedIn page.

Google’s push coincides with the hiring of former PayPal veteran Arnold Goldberg, who will head Google’s payments division as part of a broader strategy to tie into a broader range of services, primarily financial.

According to the report, Google wants to become the connective tissue for the entire consumer finance industry, not just certain partners. Additionally, the internet giant is looking to add more paid features within its search and shopping service. That will help show users “the full range of financial services out there,” according to Bill Ready, Google’s president of commerce.

The moves by Google come after years of dancing around direct investment in the nascent blockchain technology. The tech giant now appears to want to catch up with Facebook’s efforts in the metaverse, as well as Twitter’s investment in crypto infrastructure.

Through the use of blockchain technology, Google could enter fully into the world of cryptocurrencies, NFTs, games, contracts, financial services, counterfeit verification, plus a long and growing etcetera.

Upon hearing this news, Google shares rose 1.25% yesterday, reaching a price of $2,753.90 dollars.

In response to inquiries from the press, Google declined to issue responses on this matter.

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Phones

The latest Xiaomi smartphone under the Android One program has been updated: it still runs Android 11

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Xiaomi has released a firmware update for Xiaomi Mi A3, which is the latest Android One smartphone. The phone was introduced in 2019, initially running Android 9.0 Pie.

A month ago, the manufacturer released an unexpectedly large Android update of 458 GB, which did not bring anything new with it, except for fixing various errors and security patches in the operating system. The latest update contains Android security fixes from January 2022.

The latest Xiaomi smartphone under the Android One program has been updated: it still runs Android 11

Unlike the December patch, this new update has the usual small download size of just 12.29MB. The firmware has the version number V12.0.18.0.RFQMIXM. The operating system is still Android 11. At the moment, the likelihood that Xiaomi will release a large numbered update for the device tends to zero. It has already received two major Android updates, although the transition to Android 11 came with various bugs.

The changelog states that the update fixes bugs, improves device stability, and optimizes overall performance. Support for Xiaomi Mi A3 updates will end in July this year.

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Cinema

Shazam! 2 will always be more fun and action-packed

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You had a good laugh watching “Shazam! »? In this case, get ready to love the sequel! Indeed, if we are to believe the crisp revelations of Peter Safran, the producer of the film, “Shazam! Fury of the Gods” will be even funnier and action-packed than its predecessor.

While promoting the “Peacemaker” series, Peter Safran took the opportunity to drop some info on the second installment of Shazam! fans are eagerly awaiting. It must be said that the first film had been very well received by the public, exploding the world box office with a total revenue of 366 million dollars.


SHAZAM
SHAZAM

With “Shazam! Fury of the Gods,” DC intends to raise the bar even higher with an even grander and more entertaining sequel according to Peter Safran. We tell you everything!

Peter Safran is very enthusiastic

It was in an exchange with Collider that Peter Safran gave his opinion on Shazam! 2. The information released by the producer is full of promise as to the continuation of the (my) adventures of Billy Batson and his super powerful alter ego. ” [Le second film] has more emotion, more humor, but it also has more action, bigger sets, big baddies”, said Peter Safran. He even claimed that in Shazam! 2, action and humor of the first film were multiplied by 11.

Still in terms of humor, “I love that the kids are all a bit older now, so we can have a little more fun in a more edgy way with them”, said Peter Safran. Like what, the film promises good slices of fun!

A shock casting for Shazam 2

Peter Safran also spoke about the casting of “Shazam! Fury of the Gods”. The producer is simply delighted that Rachel Zegler and Helen Mirren and Lucy Liu are part, considering that it was really “fantastic” that the three actresses are part of the adventure. If we know that Helen Mirren and Lucy Liu embody the wicked, the role of Rachel Zegler remains unclear for the moment.

For now, we don’t know more about the pitch of the film, but everything suggests that at some point, Billy and his brothers and sisters will travel to the kingdom of the gods. We will have to wait a little longer before knowing more, especially that “Shazam! Fury of the Gods” is not expected before 2023. Can’t wait for the first trailer of the film to get a taste of what awaits us!

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