Techmeme Ride Home Thu. 07/08 – The States Go After Google First
Jul 8, 2021
State Attorneys General are taking on Google with a major antitrust lawsuit, raising questions about app store practices. Visa is pushing into cryptocurrency, teaming up with over 50 companies to enhance digital spending. The fintech sector is enjoying record venture capital funding, indicating strong growth. Controversy surrounds OnePlus as it throttles popular apps to improve battery life, stirring debates on consumer trust. Meanwhile, Robinhood's IPO plans face uncertainty amid regulatory scrutiny over its business practices.
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States Sue Google
- 36 state attorneys general are suing Google, focusing on the Play Store's billing practices.
- This mirrors Epic Games' lawsuit and other antitrust class actions, all heard by the same judge.
Visa Embraces Crypto
- Visa is partnering with over 50 crypto firms, allowing users to spend crypto via Visa cards.
- Over $1 billion was spent using crypto-linked Visa cards in the first half of 2021.
OnePlus Throttles Apps
- OnePlus confirmed that the OnePlus 9 and 9 Pro throttle apps to improve battery life.
- Throttling affects popular apps, but benchmarks and games like Genshin Impact are unaffected.
