Google

Google is Buying a New York City Office Building for $2.1 Billion (protocol.com) 68

Google is buying a new office building on Manhattan's West Side for $2.1 billion, the most expensive sale of a U.S. office building since the pandemic started. From a report: The tech giant is already leasing a 1.3 million-square-foot building in Hudson Yards, also on the West Side, which it has an option to buy. New York City is the company's second largest office location. The move highlights a long-term push for a return to office work, even as companies across the industry delay their reopenings due to the delta variant.
China

The Chinese Version of TikTok Is Limiting Kids To 40 Minutes a Day (cnn.com) 91

The Chinese version of TikTok is introducing a "teenage mode" that will limit the amount of time children under the age of 14 spend on the short-form video app to 40 minutes a day. CNN reports: The measure will apply to all Douyin users under the age of 14 who have registered for the app using their real names, Beijing-based ByteDance announced in a statement on Saturday. Douyin will also be unavailable to those users between 10 p.m. and 6 a.m., the owner of TikTok and Douyin added. The company also urged parents to help their children register with real names, or otherwise manually enable "teenage mode."

The app also said it would introduce new content -- ranging from science experiments and museums to art gallery exhibition and natural scenery -- to "inspire" younger teens. Limiting usage of Douyin is a "proactive measure" by ByteDance to get ahead of potential regulation, analysts at Citigroup Global Markets wrote in a Monday research note. They suggested that the decision could push other internet platforms with short video content to look at implementing similar restrictions.

Facebook

Facebook Warned Over 'Very Small' Indicator LED On Smart Glasses (techcrunch.com) 112

The Data Protection Commission in Ireland, Facebook's lead privacy regulator in Europe, has asked Facebook to demonstrate than an LED indicator light on its pair of "smart" Ray-Ban sunglasses -- which lights up when the user is taking a video -- is an effective way of putting other people on notice that they are being recorded by the wearer. TechCrunch reports: Italy's privacy watchdog, the Garante, already raised concerns about Facebook's smart glasses -- but Ireland has an outsized role as a regulator for the tech giant owing to where the company's regional base is located. The first Facebook Ray-Ban-branded specs went on sale earlier this month â" looking mostly like a standard pair of sunglasses but containing two 5 MP cameras mounted on the front that enable the user to take video of whatever they're looking at and upload it to a new Facebook app called View. (The sunglasses also contain in-frame speakers so the user can listen to music and take phone calls.) [...] The specs also include a front-mounted LED light which is supposed to switch on to indicate when a video is being recorded. However European regulators are concerned that what the DPC describes as a "very small" indicator is an inadequate mechanism for alerting people to the risk they are being recorded. Facebook has not demonstrated it conducted comprehensive field testing of the device with a view to assessing the privacy risk it may pose, it added.

"While it is accepted that many devices including smart phones can record third party individuals, it is generally the case that the camera or the phone is visible as the device by which recording is happening, thereby putting those captured in the recordings on notice. With the glasses, there is a very small indicator light that comes on when recording is occurring. It has not been demonstrated to the DPC and Garante that comprehensive testing in the field was done by Facebook or Ray-Ban to ensure the indicator LED light is an effective means of giving notice," the DPC wrote. Facebook's lead EU data protection regulator goes on to say it is calling on the tech giant to "confirm and demonstrate that the LED indicator light is effective for its purpose and to run an information campaign to alert the public as to how this new consumer product may give rise to less obvious recording of their images."

Facebook

Peter Thiel Claims Zuckerberg Agreed To Push 'State-Sanctioned Conservatism' Under Trump Deal (thedailybeast.com) 133

ytene writes: Danika Fears over at The Daily Beast carries some pretty explosive reporting, describing how Peter Thiel -- of Palantir infamy -- claims in a new biography by Max Chafkin that Mark Zuckerberg agreed to push "State-Sanctioned Conservatism" in return for the Trump administration steering clear of any "heavy-handed regulations." This could well be one of those situations where it doesn't matter if the core claim is true or false -- because either way this is going to get ugly. The claims were made in the book "The Contrarian: Peter Thiel and Silicon Valley's Pursuit of Power." Zuckerberg denied the existence of a deal, saying that was "pretty ridiculous."
Twitter

Twitter To Pay $809.5 Million To Settle 2016 Lawsuit Over Growth Projections (cnet.com) 6

Twitter on Monday said it has agreed to pay $809.5 million to settle a class action lawsuit that accused the social network of violating securities laws by misleading investors about its prospects for growth. CNET reports: The settlement stems from a 2016 lawsuit that alleged Twitter and its executives misled shareholders in November 2014 about user growth, promising an increase in monthly active users to 550 million in the "intermediate" term and more than a billion "over the longer term." But Twitter's user growth remained flat, causing steep declines in its stock price, according to the lawsuit. Twitter stopped reporting monthly active users in April 2019 (at last count it reported 330 million). The company now looks at daily users who see ads as its key metric. In July, Twitter reported that its mDAU, or monetized daily active users, grew to 206 million for the quarter that ended in June. The user growth helped the company, which makes most of its revenue from ads, post a 74% increase in quarterly revenue, to $1.19 billion. The settlement agreement, which doesn't include any admission of wrongdoing by Twitter, is subject to court approval.
The Internet

'Please Stop Closing Forums And Moving People To Discord' (kotaku.com) 158

Luke Plunkett, writing for Kotaku: A few days ago Eurogamer closed their forums, bringing to an end over 20 years of community discussion. The site explained the move like sites and companies always do (only a few are still using them), and it made sense the way it always does (that's a lot of money for not much gain), but that doesn't mean the process itself isn't something that sucks. [...] Readers are then urged to move to the site's Discord, because of course they would be. Now, I don't want to pick on Eurogamer here, as like I said up top, in every individual case companies and sites have their reasons for doing this. The most frequently cited are the fact that forums need to be maintained (true!) and that people's conversational habits have changed, with forum use dwindling (also true!).

But I simply do not care, because a) I don't work for these companies, and b) I'm more interested in looking at the long-term damage this is doing to the internet. Forums and Discord are apples and oranges. Users aren't being moved from one similar thing to another, they're being shifted to platforms with fundamentally different ways of approaching discussions. Discord is great for talking in the moment. [...] Forums aren't the same though. They're nothing like it. Forums are more deliberate, more considered, and while they're far from perfect -- I'm sure you can post a billion examples of people being neither deliberate nor considered on forums -- the point is that they're more permanent. Forums create a record, an archive we can search through, so that whenever we want to revisit issues, or find help with a problem, or see what was happening during a certain time, we can do that. There's a paper trail, and while sometimes that leads to embarrassing takes on tv shows and game reveals, other times it's providing an enormous help with technical issues or parts of a game you're stuck on.

The Military

NYT: Iran Nuclear Scientist Was Killed By an 'AI-Assisted, Remote-Control Killing Machine' (msn.com) 353

For 14 years Israel had wanted to kill Iran's chief military nuclear scientist and the father of its weapons program, who they suspected of leading Iran's quest to build nuclear weapons.

Then last November "they came up with a way to do it with no operatives present" using a "souped-up, remote-controlled machine gun," according to the New York Times:

(Thanks to Slashdot readers schwit1 and PolygamousRanchKid for sharing this story.) Since 2004, when the Israeli government ordered its foreign intelligence agency, the Mossad, to prevent Iran from obtaining nuclear weapons, the agency had been carrying out a campaign of sabotage and cyberattacks on Iran's nuclear fuel enrichment facilities. It was also methodically picking off the experts thought to be leading Iran's nuclear weapons program. Since 2007, its agents had assassinated five Iranian nuclear scientists and wounded another. Most of the scientists worked directly for Fakhrizadeh on what Israeli intelligence officials said was a covert program to build a nuclear warhead, including overcoming the substantial technical challenges of making one small enough to fit atop one of Iran's long-range missiles. Israeli agents had also killed the Iranian general in charge of missile development and 16 members of his team.

But the man Israel said led the bomb program was elusive... This time they were going to try something new.

Iranian agents working for the Mossad had parked a blue Nissan Zamyad pickup truck on the side of the road connecting Absard to the main highway. The spot was on a slight elevation with a view of approaching vehicles. Hidden beneath tarpaulins and decoy construction material in the truck bed was a 7.62 mm sniper machine gun... The assassin, a skilled sniper, took up his position, calibrated the gun sights, cocked the weapon and lightly touched the trigger. He was nowhere near Absard, however. He was peering into a computer screen at an undisclosed location more than 1,000 miles away... Cameras pointing in multiple directions were mounted on the truck to give the command room a full picture not just of the target and his security detail, but of the surrounding environment...

The time it took for the camera images to reach the sniper and for the sniper's response to reach the machine gun, not including his reaction time, was estimated to be 1.6 seconds, enough of a lag for the best-aimed shot to go astray.The AI was programmed to compensate for the delay, the shake and the car's speed.

Ultimately 15 bullets were fired in less than 60 seconds. None of them hit Fakhrizadeh's wife, who was seated just inches away.

The whole remote-controlled apparatus "was smuggled into the country in small pieces over several months," reports the Jerusalem Post, "because, taken together, all of its components would have weighed around a full ton." One new detail in the report was that the explosives used to destroy evidence of the remote-gun partially failed, leaving enough of the gun intact for the Iranians to figure out what had happened...

While all Israeli intelligence and defense officials still praise the assassination for setting back Iran's nuclear weapons program dramatically, 10 months later and with the Islamic Republic an estimated one month away from producing sufficient enriched uranium for a nuclear bomb, the legacy of the operation is less clear... On the other hand, others say that even if Iran decides to move its uranium enrichment up to 90%, that is weaponized level, they still have to put together the other components of a nuclear weapon capability. These include tasks concerned with detonation and missile delivery. Fakhizadeh would have shone in these tasks and his loss will still be felt and slow down the ayatollahs.

China

China Tells Its Tech Giants To Stop Blocking Rivals' Links (usnews.com) 27

"China fired a fresh regulatory shot at its tech giants on Monday," writes Reuters, "telling them to end a long-standing practice of blocking each other's links on their sites or face consequences." The comments, made by the Ministry of Industry and Information Technology (MIIT) at a news briefing, mark the latest step in Beijing's broad regulatory crackdown that has ensnared sectors from technology to education and property and wiped billions of dollars off the market value of some of the country's largest companies.

China's internet is dominated by a handful of technology giants which have historically blocked links and services by rivals on their platforms. Restricting normal access to internet links without proper reason "affects the user experience, damages the rights of users and disrupts market order," said MIIT spokesperson Zhao Zhiguo, adding that the ministry had received reports and complaints from users since it launched a review of industry practices in July. "At present we are guiding relevant companies to carry out self-examination and rectification," he said, citing instant messaging platforms as one of the first areas they were targeting.

He did not specify what the consequences would be for companies that failed to abide by the new guidelines.

The Military

As Two Pilots Eject, US Military Plane Crashes Into Texas Neighborhood (abc7news.com) 82

"Y'all a plane just crashed into all those houses," one eyewitness says in an online video. "People jumped out of the plane with parachutes."

The two people — jumping from the 38-foot-long training plane — were both hospitalized, reports CNN: Police were notified of the crash...around 10:53 a.m. (11:53 am ET) and on arrival found one pilot who had ejected from the military training jet caught in power lines, Lake Worth Police Chief JT Manoushagian said during a Sunday afternoon news conference. Another pilot also ejected from the training jet and was found in a neighborhood nearby...

None of the homes involved in the crash took a direct hit, said Fire Chief Ryan Arthur. A little bit of damage occurred to the areas around the homes, he said. "This incident could've been much worse knowing that this plane went down in a residential area here in Lake Worth," Arthur said.

ABC News has more information: One of the occupants was burned by power lines and another landed in a tree as they parachuted to the ground, authorities said. One of the crew members was in critical condition, the other one was in serious condition, authorities said...

WFAA-TV reported that the plane crashed in the backyard of a home, and no one on the ground was injured. Power was also knocked out to around 1,300 customers in the area.

ABC News identifies the aircraft as a T45 Goshawk fighter jet trainer, a plane first developed in 1974 by McDonnell Douglas and British Aerospace (before McDonnell Douglas's 1997 merger with Boeing). But Boeing.com notes they "delivered the 221st and final T-45 training jet to the Navy in November 2009." The company continued to support the T-45 fleet by providing engineering, logistics and support equipment in partnership with BAE Systems, the successor company to British Aerospace, which had supplied the aircraft's rear and center fuselage sections, wing assembly and vertical tail. On Aug. 26, 2010, Boeing joined the U.S. Navy at Cecil Field in Jacksonville, Florida, to celebrate the Naval Air Training Command's one millionth flight-hour with the T-45 Goshawk.
Facebook

Bad for your Health? Salesforce CEO Argues Facebook 'is the New Cigarettes' (nytimes.com) 79

Social media may be bad for our health, argues long-time technology reporter/commentator Kara Swisher in the New York Times: In March of 2018, I interviewed Marc Benioff, the chief executive of Salesforce, at the top of the company's San Francisco tower. He offered up an astonishing metaphor when I asked him for his take on the impact of social media companies. "Facebook is the new cigarettes," Benioff said. "It's addictive. It's not good for you." As it did with cigarette companies, "the government needs to step in," he added." The government needs to really regulate what's happening."

At the time, I thought it was a flashy reach by an executive who often went out on verbal limbs to make brazen points. But today, after the latest series of investigations into the sketchy acts of the social media giant, Benioff seems like Nostradamus. In the past weeks, The Wall Street Journal published "The Facebook Files" — well reported pieces that rely on whistle-blowers who are now just tossing incriminating documents over the wall at a furious pace. The Journal's series includes: internal reports showing that Facebook was fully aware of Instagram's deleterious impact on the mental health of teen girls, while moving full steam ahead with an Instagram for Kids product; internal documents inferring that the company lied to its independent Oversight Board when it said it gave only a small amount of celebs, pols and other grandees a wide berth to break its rules on the platform while, in fact, the free pass was given to millions; and the latest revelation that Facebook makes people angry, in part because of futile efforts of its leader, Mark Zuckerberg, to stop the endless rage...

[N]owadays the human race seems even more abhorrent, and in many more twisted and amplified ways, and it's because of Facebook, the biggest and least accountable communications and media platform in history.

Government

Report: Boeing Official Expected to Face Criminal Charges Over Fatal Boeing 737 Max Issues (cbsnews.com) 99

"Federal prosecutors plan to criminally charge a former Boeing Co. pilot they suspect of misleading aviation regulators about safety issues blamed for two fatal crashes of the 737 Max," reports the Wall Street Journal, citing "people familiar with the matter."

Mark Forkner, who was Boeing's 737 Max chief technical pilot during the aircraft's development, is likely to face prosecution in the coming weeks, these people said... Boeing BA, admitted in a criminal settlement reached with prosecutors earlier this year that two of its employees — unnamed in that agreement — conspired to defraud the FAA about 737 Max training issues in order to benefit themselves and the company.
CBS News offers more details: It would, says the Journal, "be the first attempt to hold a Boeing employee accountable" for conduct before the two crashes. [Forkner] was the lead contact between the aviation giant and the Federal Aviation Administration over how pilots should be trained to fly the planes, the Journal said. According to documents published in early 2020, Forkner withheld details about the planes' faulty flight handling system known as the Maneuvering Characteristics Augmentation System, or MCAS — later blamed for both crashes — from regulators.

The Journal said it wasn't clear what charges Forkner would face... A lawyer for Forkner, David Gerger, didn't respond to requests for comment Thursday from the Journal. Gerger has said in the past that Forkner, a pilot and Air Force veteran, wouldn't put pilots or passengers in danger.

Firefox

Mozilla Experiment: Set Default Search Engine to Bing for 1% of Firefox Users (ghacks.net) 73

"Mozilla is running an experiment on 1% of the Firefox desktop population currently, which sets the default search engine to Bing in the web browser," reports Ghacks: [I]n most regions, it is Google Search. Mozilla and Google extended the search deal in 2020 for another three years. Google is paying Mozilla "between $400 and $450 million per year" so that its search engine is the default in Firefox in most regions. Google has been Firefox's default search engine since 2017, when Mozilla ended its search deal with Yahoo early.

Firefox users may change the default search engine to one of the other engines that are included by default, or an engine that is not included but can be added...

The study started on September 6 and it will run until early 2022, likely January 2022. About 1% of Firefox desktop users may notice that the default search engine is changed when the installation of Firefox is picked for the experiment.

Tip: load about:studies in the Firefox address bar to list the studies that the browser us currently taking part in and has completed already. Firefox users who don't want to participate in studies can disable the preference "Allow Firefox to install and run studies" on about:preferences#privacy.

Facebook

WSJ: Facebook's 2018 Algorithm Change 'Rewarded Outrage'. Zuck Resisted Fixes (livemint.com) 54

This week the Wall Street Journal reported that a 2018 algorithm change at Facebook "rewarded outrage," according to Facebook's own internal memos. But the Journal says the memos showed "that CEO Mark Zuckerberg resisted proposed fixes," and that the memos "offer an unparalleled look at how much Facebook knows about the flaws in its platform and how it often lacks the will or the ability to address them." In the fall of 2018, Jonah Peretti, chief executive of online publisher BuzzFeed, emailed a top official at Facebook Inc. The most divisive content that publishers produced was going viral on the platform, he said, creating an incentive to produce more of it... Mr. Peretti blamed a major overhaul Facebook had given to its News Feed algorithm earlier that year to boost "meaningful social interactions," or MSI, between friends and family, according to internal Facebook documents reviewed by The Wall Street Journal that quote the email...

Facebook's chief executive, Mark Zuckerberg, said the aim of the algorithm change was to strengthen bonds between users and to improve their well-being. Facebook would encourage people to interact more with friends and family and spend less time passively consuming professionally produced content, which research suggested was harmful to their mental health. Within the company, though, staffers warned the change was having the opposite effect, the documents show. It was making Facebook's platform an angrier place. Company researchers discovered that publishers and political parties were reorienting their posts toward outrage and sensationalism. That tactic produced high levels of comments and reactions that translated into success on Facebook. "Our approach has had unhealthy side effects on important slices of public content, such as politics and news," wrote a team of data scientists, flagging Mr. Peretti's complaints, in a memo reviewed by the Journal... They concluded that the new algorithm's heavy weighting of reshared material in its News Feed made the angry voices louder. "Misinformation, toxicity, and violent content are inordinately prevalent among reshares," researchers noted in internal memos.

Some political parties in Europe told Facebook the algorithm had made them shift their policy positions so they resonated more on the platform, according to the documents. "Many parties, including those that have shifted to the negative, worry about the long term effects on democracy," read one internal Facebook report, which didn't name specific parties...

Mr. Zuckerberg resisted some of the proposed fixes, the documents show, because he was worried they might hurt the company's other objective — making users engage more with Facebook.

Power

GM Tells Bolt Owners to Park 50 Feet Away From Other Cars (bloomberg.com) 138

General Motors urged some owners of Chevrolet Bolt electric cars to park and store the vehicles at least 50 feet away from other cars to reduce the risk that a spontaneous fire could spread. Bloomberg reports: The Detroit automaker has recalled all of the roughly 142,000 Bolts sold since 2016 because the battery can catch on fire. GM has taken a $1.8 billion charge so far for the cost of the recall and has been buying cars back from some disgruntled owners. The company expects to recoup much of the cost from battery supplier LG Corp. The new advice is likely to rankle owners who are already limiting their use of the Bolt to avoid overheating the battery and risking a fire. The parking guidance -- recommending a distance of 50 feet from other parked cars -- is especially difficult for owners in urban areas. GM has confirmed 10 fires. The National Highway Traffic Safety Administration said the agency has found 13 fires in Bolts, but the company hasn't confirmed the additional three are part of the current recall issue.

The Bolt normally can go 259 miles on a charge, but that has been limited by GM's guidance to avoid a fire. The automaker told Bolt owners to limit the charge to 90%, plug in more frequently and avoid depleting the battery to below about 70 miles of remaining range. They're also advised to park their vehicles outside immediately after charging and not leave them charging indoors overnight. The company will be telling Bolt owners who are concerned about parking in public places that it recommends keeping 50 feet from other cars in garages and lots, spokesman Dan Flores said.

Transportation

Tesla Will Open Controversial FSD Beta Software To Owners With a Good Driving Record (techcrunch.com) 61

Tesla CEO Elon Musk said the company will use personal driving data to determine whether owners who have paid for its controversial "Full Self-Driving" software can access the latest beta version that promises more automated driving functions. TechCrunch reports: Musk tweeted late Thursday night that the FSD Beta v10.0.1 software update, which has already been pushed out to a group of select owners, will become more widely available starting September 24. Owners who have paid for FSD, which currently costs $10,000, will be offered access to the beta software through a "beta request button." Drivers who select the beta software will be asked for permission to access their driving behavior using Tesla's insurance calculator, Musk wrote in a tweet. "If driving behavior is good for seven days, beta access will be granted," Musk wrote.

The latest FSD Beta is supposed to automate driving on highways and city streets. However, this is still a Level 2 driver assistance system that requires the driver to pay attention, have their hands on the wheel and take control at all times. Recent videos posted showing owners' experiences with this beta software provide a mixed picture of its capability. In some videos, the vehicles handle city driving; in many others, drivers are seen taking control due to missed turns, being too close to the curb, failure to creep forward and, in one case, veering off suddenly toward pedestrians.

Power

Rolls-Royce's All-Electric Aircraft Completes 15-Minute Maiden Voyage (engadget.com) 55

Rolls-Royce's "Spirit of Innovation" all-electric airplane completed a 15 minute flight, marking "the beginning of an intensive flight-testing phase in which we will be collecting valuable performance data on the aircraft's electrical power and propulsion system," the company announced. Engadget reports: Rolls Royce said the one-seat airplane has "the most power-dense battery pack every assembled for an aircraft." The aircraft uses (PDF) a 6,000 cell battery pack with a three-motor powertrain that currently delivers 400kW (500-plus horsepower), and Rolls-Royce said the aircraft will eventually achieve speeds of over 300 MPH. The flight comes about a year after the originally scheduled takeoff and about six months after taxi trials. Rolls-Royce is also developing an air taxi with manufacturer Tecnam, with the aim of delivering an "all-electric passenger aircraft for the commuter market," according to the companies. It has previously teamed with Siemens and Airbus on another e-plane concept.

The project was half funded by the Aerospace Technology Institute and UK government, with the aim of eventually creating all-electric passenger planes. "This is not only about breaking a world record; the advanced battery and propulsion technology developed for this program has exciting applications for the Urban Air Mobility market and can help make 'jet zero' a reality," said Rolls-Royce CEO Warren East.

Android

Google Will Extend Permission Auto-Reset Feature To Older Android Versions (therecord.media) 21

Google announced plans today to port its Permission Auto-Reset feature from Android 11 to older versions of its mobile operating system, as far back as Android 6. From a report: Launched last fall, the Permission Auto-Reset feature works by automatically withdrawing user permissions from an app that hasn't been opened and used for a few months. "Starting in December 2021, we are expanding this [feature] to billions more devices," Google said today. "This feature will automatically be enabled on devices with Google Play services that are running Android 6.0 (API level 23) or higher." Exempt from this new feature will be device admin apps and enterprise apps where the permissions have been fixed through a general enterprise policy.
Google

Google and Apple, Under Pressure From Russia, Remove Voting App (nytimes.com) 60

Apple and Google removed an app meant to coordinate protest voting in this weekend's Russian elections from the country on Friday, a blow to the opponents of President Vladimir V. Putin and a display of Silicon Valley's limits when it comes to resisting crackdowns on dissent around the world. From a report: The decisions came after Russian authorities, which claim the app is illegal, threatened to prosecute local employees of Apple and Google -- a sharp escalation in the Kremlin's campaign to rein in the country's largely uncensored internet. A person familiar with Google's decision said the authorities had named specific individuals who would face prosecution, prompting it to remove the app.

The person declined to be identified for fear of angering the Russian government. Google has more than 100 employees in the country. Apple did not respond to phone calls, emails or text messages seeking comment. The app was created and promoted by allies of the opposition leader Aleksei A. Navalny, who were hoping to use it to consolidate the opposition vote in each of Russia's 225 electoral districts. It disappeared from the two technology platforms just as voting got underway in the three-day parliamentary election, in which Mr. Putin's United Russia party -- in a carefully stage-managed system -- holds a commanding advantage.

Mr. Navalny's team reacted with outrage to the decision, suggesting the companies had made a damaging concession to the Russians. "Removing the Navalny app from stores is a shameful act of political censorship," an aide to Mr. Navalny, Ivan Zhdanov, said on Twitter. "Russia's authoritarian government and propaganda will be thrilled." The decisions also drew harsh condemnation from free-speech activists in the West. "The companies are in a really difficult position but they have put themselves there," David Kaye, a former United Nations official responsible for investigating freedom of expression issues, said in an interview. "They are de facto carrying out an element of Russian repression. Whether it's justifiable or not, it's complicity and the companies need to explain it."

Businesses

FTC Releases Findings on How Big Tech Eats Little Tech (axios.com) 17

Federal Trade Commission chair Lina Khan signaled changes are on the way in how the agency scrutinizes acquisitions after revealing the results of a study of a decade's worth of Big Tech company deals that weren't reported to the agency. From a report: Tech's business ecosystem is built on giant companies buying up small startups, but the message from the antitrust agency this week could chill mergers and acquisitions in the sector. The FTC reviewed 616 transactions valued at $1 million or more between 2010 and 2019 that were not reported to antitrust authorities by Amazon, Apple, Facebook, Google and Microsoft. 94 of the transactions actually exceeded the dollar size threshold that would require companies to report a deal. The deals may have qualified for other regulatory exemptions. 79% of transactions used deferred or contingent compensation to founders and key employees, and nearly 77% involved non-compete clauses. 36% of the transactions involved assuming some amount of debt or liabilities. In a statement, Khan said the report shows that loopholes may be "unjustifiably enabling deals to fly under the radar."
Transportation

Lucid Air Electric Sedan Zips By Tesla With EPA-Rated 520-Mile Range (cnet.com) 163

The EPA says the Lucid Air electric sedan will do 520 miles on a full charge, which is well over 100 miles more than the Tesla Model S Long Range, which delivers an estimated 405 miles. CNET reports: The 520-mile range estimate is specific to the Air Dream Edition Range with 19-inch wheels. Buyers should know the optional 21-inch wheels drop the range to an estimated 481 miles. Still, that's damned impressive. For those who select the Air Dream Edition Performance, they won't be penalized too much with a lower range. The car still comes in at an EPA-estimated 471 miles with 19-inch wheels and 451 miles with 21-inch wheels. The trade-off is there's 1,111 horsepower on tap with the Performance, compared to only 933 hp for the Range model.

The Dream Edition cars are two limited-edition choices Lucid sold out of a while ago, but don't fret, there are other options. For now, the EPA also got its hands on the Air Grand Touring trim, which returns 516 miles of range after the feds' tests. Even if you missed out on the Dream Edition Range, losing just four miles isn't the worst thing in the world. Opt for the larger 21-inch wheels on this model and the range figure drops to 469 miles. This particular configuration also provides a no-less-substantial 800 hp. If you ask me, there's nothing anyone's compromising on here. Production of the first customer cars is meant to start later this year, with prices for the Dream Editions starting at $169,000.

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