Apple

Facebook, Amazon, Apple & Google deserve to be grilled at the House antitrust hearing

A little accountability sure would be nice right about now. Wednesday’s congressional hearing, which will see the CEOs of Facebook, Amazon, Apple, and Google, remotely testify in front of the House Subcommittee on Antitrust, Commercial, and Administrative Law, may offer a chance at just that. Ostensibly focused on the companies’ respective market dominance and anti-competitive…

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A little accountability sure would be nice right about now.

Wednesday’s congressional hearing, which will see the CEOs of Facebook, Amazon, Apple, and Google, remotely testify in front of the House Subcommittee on Antitrust, Commercial, and Administrative Law, may offer a chance at just that. Ostensibly focused on the companies’ respective market dominance and anti-competitive practices, the hearing will give frustrated members of Congress the chance to berate some of the most powerful men in the world. And, if we’re lucky, it will help get to the bottom of a host of antitrust issues facing all four tech giants. 

Of course, with participating members including Florida Congressman Matt Gaetz  — who, on Monday, filed a criminal referral against Mark Zuckerberg — the hearing may end up being one long, tired screed about the myth of social media bias against conservatives. 

If the subcommittee’s more level-headed members manage to keep the hearing more or less on topic, here’s what you should keep an eye out for — and why Jeff Bezos, Mark Zuckerberg, Sundar Pichai, and Tim Cook all have a lot to answer for.  

Amazon

The main issue confronting CEO Jeff Bezos will be Amazon’s alleged use of data gleaned from companies who use his commerce platform to create and sell competing products. Notably, Amazon has long denied that it does this — a claim disputed by past and present sellers (and past Amazon employees). 

In January of this year, PopSockets CEO and inventor David Barnett addressed the same congressional subcommittee set to grill Bezos on Wednesday and recounted what he described as some of Amazon’s predatory practices. 

“Multiple times we discovered that Amazon itself had sourced counterfeit product and was selling it alongside our own product,” Barnett explained. He added that his business dealings with Amazon essentially boiled down to “bullying with a smile.” 

It’s not just PopSockets that has received such treatment from Amazon. In April, the Wall Street Journal reported that Amazon used seller data — some of it proprietary — to inform production and pricing decisions for numerous Amazon-branded products including car-trunk organizers and office chair seat cushions. 

“We knew we shouldn’t,” one former Amazon employee told the Journal, “but at the same time, we are making Amazon branded products, and we want them to sell.”

In June, we learned that California and Washington state officials are reportedly i

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Apple

New Apple CEO’s LinkedIn leaves everyone saying the same thing

Many social media users associate LinkedIn with a certain type of cringey business-speak. Ternus’s profile is a little different.

Many social media users associate LinkedIn with a certain type of cringey business-speak. Ternus’s profile is a little different.
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Apple

Did Jacob Misiorowski really hit an apple off Quinn Priester’s head?

The Brewers’ social media team has been killing it.

The Brewers’ social media team has been killing it.
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Apple

Apple Music pokes fun at latest Spotify price increase

Last month, Spotify announced a new round of price increases for subscribers in the United States and other countries. As the price increases start to go into effect starting with February renewals, Apple Music is poking fun at Spotify’s drama on social media. Apple Music is also offering a free three-month trial right now…

Last month, Spotify announced a new round of price increases for subscribers in the United States and other countries. As the price increases start to go into effect starting with February renewals, Apple Music is poking fun at Spotify’s drama on social media.

Apple Music is also offering a free three-month trial right now…
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Apple

Trust Wallet integrates Apple Pay to streamline cryptocurrency purchases

Individuals can now buy crypto on Trust Wallet using Apple Pay. The feature is currently available in more than 45 countries. Such updates reduce entry barriers into the crypto and blockchain world. Trust Wallet, one of the reputable digital asset wallets, has made another step toward promoting cryptocurrency adoption. It has confirmed adding Apple Pay


Trust Wallet integrates Apple Pay to streamline cryptocurrency purchases

  • Individuals can now buy crypto on Trust Wallet using Apple Pay.
  • The feature is currently available in more than 45 countries.
  • Such updates reduce entry barriers into the crypto and blockchain world.

Trust Wallet, one of the reputable digital asset wallets, has made another step toward promoting cryptocurrency adoption.

It has confirmed adding Apple Pay today, November 27, on X, allowing individuals in more than 45 countries to purchase their favourite virtual tokens within seconds.

Notably, the new feature promises an enhanced experience for new and existing users. The announcement read:

Trust Wallet has integrated Apple Pay. Buy your first crypto in seconds. Available in 45+ countries.

Indeed, purchasing digital tokens has been challenging for newbies, with lengthy verification procedures, numerous account setups, and limited payment methods often discouraging them.

Trust Wallet wants to address this challenge. With the integration of Apple Pay, it aims to make digital assets more accessible than ever, as individuals can now buy their “first crypto in seconds.”

How to get started

Depositing funds in a Trust Wallet account using Apple Pay is straightforward.

Users only need to open the app, visit the ‘Fund’ tab, and choose Apple Pay as the desired payment option.

Everything takes a few taps, mirroring the smooth experience when using Apply Pay for day-to-day purchases.

Most importantly, Trust Wallet benefits from Apple Pay’s credibility and security features, which include Touch ID, encrypted payments, and Face ID.

That promises streamlined crypto purchases that don’t compromise user safety.

Trust Wallet expands footprint globally

The team confirmed that users in more than 45 countries can access the Apple Pay transaction option.

Trust Wallet is lowering barriers to joining crypto, which will likely make it an entry point for millions who have struggled to access the digital assets market.

Individuals in jurisdictions with limited options to participate in the cryptocurrency industry now have a swift and secure option.

TWT price outlook

Trust Wallet’s native token remained somewhat muted in the past 24 hours.

The alt is trading at $1.08 after a slight 0.09% uptick on the daily price chart.

TWT has consolidated over the past week after losing nearly 15% in the last 30 days, influenced by broader selling pressure.

Meanwhile, TWT has underperformed the broader market today.

CoinMarketCap data shows the value of all cryptocurrencies increased by more than 3% the last 24 hours to $3.12 trillion.

Bitcoin is trading at $91,480, pumping the altcoin space as risk-on sentiments surfaced.

For now, Bitcoin should reclaim the key zone between $93,000 and $94,000 to shift its near-term trajectory to bullish.

That can support steady upswings towards the $100,000 psychological market.

However, a sudden selling wave will see it retracing to the ‘new’ liquidity region at $85,000 – $86,000.

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