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Good Morning! These are the technological news that you should know this Wednesday. Sign up here to get this email delivered to your inbox every morning.
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- Facebook and Google agreed to help each other. The Wall Street Journal reported that an unredacted version of the lawsuit filed by state attorneys general reveals that the two tech giants agreed to collaborate if a publicity deal reached by the couple came under antitrust scrutiny.
- Facebook considered helping smaller competitors. According to the Washington Post, the firm considered granting a license to access its code, giving smaller competitors the ability to build rival social networks, in an attempt to defend themselves against antitrust actions.
- The SEC will allow companies to raise money through direct quotes. In this new twist on direct listings, a company can issue new shares without going through the subscription fees that are part of the traditional IPO process.
- Amazon Smile allows anti-LGBT groups. An organization designated as a charity by Amazon said that COVID-19 was the “consequent wrath of God” for behaviors that included “proclivity towards lesbianism and homosexuality.”
- Elon Musk wanted Apple to buy Tesla. Musk said he approached Apple CEO Tim Cook during the “darkest days” of Tesla’s Model 3 program, hoping to sell Tesla for a fraction of the company’s current value, but Cook declined a meeting.
- A black ex-Googler said she was told her speech was a ‘disability’. April Christina Curley claimed on Twitter that she was repeatedly denied promotions, leadership opportunities, yelled at, intentionally banned from meetings, and her compensation cut at Google.
- Exclusive: Google’s mastery of browsers gives you a huge voice on the future of the web. Critics say Google is overrepresented in web standards bodies, allowing it to remove new proposals, they say, at the expense of privacy.
- Exclusive: How Roku rose from a small broadcast box manufacturer to a booming advertising business. According to internal sources, the company faces power struggles ahead and potentially difficult international expansion.
- Exclusive: Commercial lender Tide is in talks to raise up to $ 80 million. UK-based Tide has been in contact with various investors both directly and through FT Partners, the investment bank that is facilitating the funding round.
- Buy now pay later The giant Klarna was attacked by the UK’s ad watchdog. The Advertising Standards Authority said that four ads posted by Instagram influencers “irresponsibly” linked deferred payment services to the lifting of bad mood during the UK coronavirus lockdown.
