“Facebook says changes Apple made that affect how ads work on iOS apps — namely, that it’s now much harder for app-makers and advertisers to track user behavior — will cost it $10 billion in revenue this year.
For context: Facebook is still making an enormous amount of money from advertising — analyst Michael Nathanson estimates the company will generate $129 billion in ad revenue in 2022. But that would mean its ad business will only grow about 12 percent this year, compared to a 36 percent increase the previous year. Wall Street has prized Facebook for its ability to grow at a rocket velocity, and now that rocket may be sputtering.”
“Apple and Google shut down a voting app meant to help opposition parties organize against the Kremlin in a parliamentary election in Russia that’s taking place over the weekend. The companies removed the app from their app stores on Friday after the Russian government accused them of interfering in the country’s internal affairs, a clear attempt by President Vladimir Putin to obstruct free elections and stay in power.
The Smart Voting app was designed to identify candidates most likely to beat members of the government-backed party, United Russia, as part of a broader strategy organized by supporters of the imprisoned Russian activist Alexei Navalny to bring together voters who oppose Putin. In a bid to clamp down on the opposition effort, the Russian government told Google and Apple that the app was illegal, and reportedly threatened to arrest employees of both companies in the country.
The move also comes amid a broader crackdown on Big Tech in Russia. Earlier this week, a Russian court fined Facebook and Twitter for not removing “illegal” content, and the country is reportedly blocking peoples’ access to Google Docs, which Navalny supporters had been using to share lists of preferred candidates.”
“Apple’s aggressive lobbying efforts in Georgia, the extent of which were previously unreported, highlight a pattern that has played out with little national attention across the country this year: State lawmakers introduce bills that would force Apple and its fellow tech giant Google to give up some control over their mobile phone app stores. Then Apple, in particular, exerts intense pressure on lawmakers with promises of economic investment or threats to pull its money, and the legislation stalls.”
“That the Department of Justice sought the private phone data of US lawmakers without their knowledge is remarkable and disturbing. While details are still emerging, the exchange sets a concerning precedent about the ability of the executive branch to obtain the digital records of lawmakers as well as tech companies’ roles in complying with such orders.”
“The DOJ’s inspector general, Michael Horowitz, announced on Friday that he will start a review of the agency’s actions under the Trump administration and will look at “whether any such uses, or the investigations, were based upon improper considerations.””
“The 400-plus page report, written by the majority staff of the Democratic members of the House Judiciary Subcommittee on Antitrust, is the result of a 16-month investigation into whether these corporate giants abuse their power, and whether the country’s antitrust laws need to be reworked to rein them in. The report released Tuesday cites numerous examples of each tech titan engaging in acts that the lawmakers believe have hurt innovation and impede competition. While the anti-competitive behaviors cited vary from company to company, they are all linked by the allegation that the four giants abuse their gatekeeper status in various internet industries to secure and grow their market power in those sectors and others.”
“Forcing Apple to create a backdoor would perhaps make investigations easier and quicker for the FBI, but it’s not absolutely necessary to conduct investigations. The FBI didn’t say how it was able to gain access to the phones, but the agency clearly didn’t need Apple’s help to do so. This has been the case in past investigations as well. The Department of Justice is asking a company to change its business practices and create a vulnerability in millions of its customers’ devices for what amounts to a shortcut.”