Google Amazon is offering to pay customers for purchase data and we are reviewing the iPhone 12. This is your daily crisis for October 20, 2020.
The big story: DOJ files antitrust lawsuit against Google
The lawsuit accuses Google of "illegally maintaining monopolies in the markets for general search, search engine advertising and general search text advertising in the US". It is jointly signed by 11 states with Republican attorneys general – Texas, Arkansas, Florida, Georgia, Indiana, Kentucky, Louisiana, Michigan, Missouri, Montana, and South Carolina.
Google called the case of the US Department of Justice "deeply flawed" and argued platform-wise that it did not have unfair market dominance. For example, it attributed its popularity in searches to a superior product rather than anti-competitive practices.
Meanwhile, Wall Street investors don't seem particularly concerned about the lawsuit.
The technology giants
Amazon is launching a program that will allow consumers to be paid for their data on purchases outside of Amazon. The Amazon Shopper Panel program prompts users to submit 10 receipts per month for purchases made at retailers outside of Amazon.
Snap stocks skyrocket after beating past earnings expectations – The company posted $ 679 million in revenue, beating Wall Street expectations.
Test: iPhone 12 and iPhone 12 Pro, two jewels, one jewel – both phones offer solid value, but two challengers are waiting in the wings.
Startups, Financing and Venture Capital
Perch is raising $ 123.5 million to increase its inventory of D2C brands sold on Amazon. Perch acquires D2C companies and products that are already sold on Amazon, then operates and grows them.
Gowalla Revived as an Augmented Reality Social App – The startup was an ambitious consumer social app that wowed Silicon Valley investors but ultimately faltered on their search for Foursquare.
Synthetaic raises $ 3.5 million to train AI on synthetic data. It already works with Save the Elephants to track animal populations and the University of Michigan to classify brain tumors.
Advice and analysis of extra crunch
Seven investors discuss augmented reality and VR startup opportunities in 2020 – "It's still early, but it's not too early anymore."
As startups accelerate in the third quarter, Europe and Asia are seeing huge VC results – investing outside of North America just had its best quarter in years.
Perhaps now is the best time to become a full-stack developer – Sergio Granada at Talos Digital has thoughts on this lively job title.
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