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12/09/20: What’s Going On

Google, Boeing and more from around the business world.
(Michael VI)
(Michael VI)
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“Google and Facebook Inc. won a key concession in Australia as the government unveiled details of a world-first law to force the digital giants to pay to display news articles. The legislation, introduced to Australia’s parliament on Wednesday, requires Google and Facebook to compensate publishers for the value their stories generate for the platforms. But in a modification to an earlier draft, the legislation now also recognizes the monetary value the platforms provide to news businesses by directing readers to their websites.”

“AT&T CEO John Stankey announced that the company’s HBO Max streaming service has close to 12.6 million people who have activated the service, up around 4 million over the past couple of months.  Similarly, NBCU CEO Jeff Shell told attendees in his interview that its Peacock streaming service had 26 million activations, up from 21 million a couple of months ago.”

“Google said on Tuesday that its new open-source operating system, Fuchsia, is now accepting contributions from developers outside the company. Fuchsia still isn’t ready for ‘general product development,’ Google said, but the announcement signals that the anticipated project, which kicked off around 2015, is inching closer to a public launch.”

Companies Raising Capital
NameAmountDescription
Isar Aerospace$91 MillionGetting Its Satellite Launch Vehicle Off The Ground
Ada Ventures$50 MillionInvesting In Diverse Founders To Tackle Society’s Problems
Firebolt$37 MillionChallenge Snowflake, Amazon and Google With A New Approach To Data Warehousing
Wikifactory$4.5 Million‘Github For Hardware’ To Make Anything Remotely

“Verizon Communications Inc. and other cell phone providers are expected to spend billions of dollars to secure prized spectrum for their 5G networks in a U.S. government sale that kicks off Tuesday.”

“Dataform, a startup in the U.K. that was building what it dubbed an ‘operating system’ for data warehouses, has been quietly acquired by Google’s Google Cloud division.”

“More than 40 attorneys general and the U.S. government are preparing to file antitrust lawsuits against Facebook on Wednesday, alleging that the tech giant engaged in unlawful, anticompetitive tactics to buy or kill off its rivals and solidify its dominance in social networking.”

“SoftBank Group Corp. is debating a new strategy to go private by gradually buying back outstanding shares until founder Masayoshi Son has a big enough stake he can squeeze out the remaining investors.”

“Boeing Co. has delivered a 737 MAX to United Airlines Holdings Inc., the first carrier to receive a newly produced model of the jet after U.S. regulators ended a nearly two-year grounding last month.”

“China’s consumer prices dropped for the first time in over a decade in November, though economists say the decrease doesn’t signal faltering demand in the world’s second-largest economy.”

“The number of job openings in the U.S. edged down slightly in the first week of December, a sign of a softening labor market amid an upsurge in coronavirus infections and ebbing fiscal support for households.”

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