An anonymous reader shares an analysis: See, Google Maps is not just an app on your phone. It’s also a suite of developer tools that power countless other applications that are used by millions of people every day. And that part of the business is known as the Google Maps Platform (but most of the time I hear it referred to…
Tag: commission
New Train Hall Opens at Penn Station, Echoing Building’s Former Glory
The Moynihan Train Hall, with glass skylights and 92-foot-high ceilings, will open Jan. 1 as an area for Amtrak and Long Island Railroad riders. The New York Times: For more than half a century, New Yorkers have trudged through the crammed platforms, dark hallways and oppressively low ceilings of Pennsylvania Station, the busiest and perhaps most miserable train hub in North…
Coinbase To Suspend Trading in XRP
Cryptocurrency exchange Coinbase said on Monday it would suspend trading in cryptocurrency XRP after U.S. regulators last week charged associated blockchain firm Ripple with conducting a $1.3 billion unregistered securities offering. From a report: The move by San Francisco-based Coinbase comes as the firm is preparing for a stock market listing and has confidentially applied with the U.S. Securities and Exchange…
Will America’s Next President Break Up Facebook?
With 25 days until Joe Biden becomes America’s next president, Politico writes that throughout the US government, “From lawmakers on Capitol Hill to antitrust enforcers at the Federal Trade Commission, Washington is training its sights on the world’s largest social network like never before.” Biden’s antitrust enforcers will take ownership of a lawsuit the FTC filed this month threatening to dismantle…
IBM Will Pay $24.25 Million To Resolve FCC Probes
IBM has agreed to pay $24.25 million to resolve a pair of investigations by the Federal Communications Commission(FCC) over subsidies awarded to connect schools and libraries to broadband. From a report: IBM’s payment will resolve two FCC investigations that have spanned nearly 15 years over its alleged violations of “E-Rate” program rules in connection with New York City and El Paso…
XRP Cryptocurrency Crashes Following Announcement of SEC Suit Against Ripple
An anonymous reader quotes a report from TechCrunch: The value of one of the world’s most valuable cryptocurrencies is crashing and a recently filed SEC complaint is at the root of the free fall. According to CoinMarketCap, the XRP token’s value has declined more than 42% in the past 24 hours and is down more than 63% from its 30-day high…
Google CEO Criticises Antitrust Regulation
Google chief Sundar Pichai has warned that “regulation can get it wrong” as his firm is increasingly targeted by antitrust moves. From a report: Last week, the European Commission set out new regulation to curb the power of big tech. The Digital Services Act hopes to increase transparency and competition for tech firms. The legislation will force firms, such as Google,…
5G Auction Shatters Record as Bidding Tops $66 Billion
The Federal Communications Commission’s ongoing sale of wireless licenses has fetched more than $66.4 billion after three weeks of bidding, a record sum that could alter cellphone carriers’ prospects for the next decade. From a report: The auction proceeds have already topped the $44.9 billion raised in 2015 by an earlier sale of midrange cellular licenses, which U.S. cellphone carriers used…
US Approves NYSE Listing Plan To Cut Out Wall Street Middlemen
Companies may go public on the New York Stock Exchange without forking out fat fees to Wall Street banks which typically underwrite such capital raisings, the U.S. securities regulator said on Tuesday. Reuters reports: The Securities and Exchange Commission approval of the NYSE’s “direct” listing plan threatens to overhaul the U.S. initial public offering market, by allowing aspiring public companies to…
Scientists and Philosopher Team Up, Propose a New Way To Categorize Minerals
An anonymous reader shares a report: Some diamonds were formed billions of years ago in space as the carbon-rich atmospheres of dying stars expanded and cooled. In our own planet’s lifetime, high-temperatures and pressures in the mantle produced the diamonds that are familiar to us as gems. 5,000 years ago, a large meteorite that struck a carbon-rich sediment on Earth produced…