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U.S. demands data collection info from online giants

The U.S. Federal Trade Commission (FTC) on Monday sent orders to Amazon, Facebook, Twitter, YouTube and other internet giants demanding troves of information about their data collection, ad practi

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Roblox buys digital avatar startup Loom.ai

Roblox announced today that it’s buying a digital avatar startup called Loom.ai. Purchasing a company that has focused singularly on creating more realistic human avatars is an interesting play

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U.S. government, 46 states sue Facebook

In this photo illustration a Facebook logo is seen displayed on a smartphone./Getty Images The United States Federal Trade Commission is taking Facebook to court in a case that could permanent

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FTC seeks to break up Facebook, alleging illegal monopoly

The Federal Trade Commission today announced a new antitrust lawsuit against Facebook, alleging that the social network has used monopoly power “with the aim of suppressing, neutralizing and de

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Facebook 'abuse of power' lawsuits call for it to sell off WhatsApp and Instagram

Facebook is facing two separate lawsuits in the US which accuse it of abusing its power and demand that it sells off WhatsApp and Instagram.The US Federal Trade Commission (FTC) and a coalition of US

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Facebook hit with massive antitrust lawsuit from 46 states

A collection of states filed a multi-state lawsuit Wednesday accusing Facebook of suppressing its competition through monopolistic business practices meant to preserve the company’s outsized po

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App stores to see 130 billion downloads in 2020 and record consumer spend of $112 billion

Consumers will have downloaded 130 billion apps in 2020 across iOS and Google Play, up 10% year-over-year, according to mobile data and analytics firm App Annie’s year-end forecast. Consumer spe

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Facebook adds carts to WhatsApp to make shopping easier

WhatsApp said on Tuesday it is adding a new shopping feature to its business app as the Facebook -owned instant messaging service looks to court more merchants and invite a larger portion of its 2 bi

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Malaysia-based inventory management platform Food Market Hub raises $4 million from Go-Ventures, SIG

Food Market Hub co-founders Anthony See and Shayna TehMany restaurants still rely on spreadsheets to track their inventory of produce, meat and other ingredients. But using manual methods often result

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Reliance Retail buys Urban Ladder for $24.4 million

Reliance Retail has acquired a majority stake in furniture and decor platform Urban Ladder, making a broader push into e-commerce as the largest retail chain in India gears up to fight Amazon and Fli

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Snap acquired Voca.ai, which makes AI-based voice agents for call centers, for $120M

Snapchat is the quintessential consumer app: with an array of fun filters, it encourages people to send fun, disappearing messages to friends and has a large base of younger users. But could parent co

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New forecast pegs TikTok to top 1.2B monthly active users in 2021

TikTok’s upward trajectory is expected to continue in 2021, according to a new forecast from mobile data and analytics firm App Annie, which estimates the short-form video app will surpass the 1

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India opens antitrust case against Google over its payments app

India’s antitrust watchdog has opened an investigation into Google for allegedly abusing the dominant position of its app store to promote its payments service in the world’s second largest internet

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Singapore-based sales productivity platform Nektar raises $2.15 million seed round

Nektar co-founders Abhijeet Vijayvergiya and Aravind Ravi SulekhaSingapore-based Nektar.ai, a productivity platform for sales teams, has raised $2.15 million in seed funding. Founded earlier this year

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WhatsApp receives approval to expand its payments service in India

WhatsApp, which began testing its payments service in India with 1 million users in early 2018, can finally start to expand the feature to more users in the world’s second largest internet mark

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New WhatsApp feature will make messages vanish after seven days

The feature means messages will automatically delete after seven days, however it will be possible to recipients to save them.

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Reliance Retail raises $1.3 billion from PIF

The Public Investment Fund, which has this year invested $1.5 billion in Mukesh Ambani’s telecom venture Jio Platforms and more than half a billion dollars in his fiber-optic business, has retur