Weekly Tech Round-Up #28
Here is all the tech news you need to know from the past week, sign up for our newsletter to receive this in your inbox every week. We also do a South West tech news update.
Major boost for tech giants after US judge dismisses antitrust lawsuits against Facebook
Lawsuits brought against Facebook over anti-competitive claims have been dismissed by a federal judge in a major boost for tech firms.
The antitrust lawsuit was launched by the Federal Trade Commission (FTC) and a coalition of state attorney generals, but US district judge James Boasberg has dealt a significant blow to regulators attempting to rein in tech giants.
In dismissing the claims, Judge Boasberg said they were “legally insufficient” and didn’t provide enough evidence to prove Facebook was a monopoly.
Pandemic opened people’s eyes to the value of tech
The coronavirus crisis has caused a permanent shift to people buying more tech, the boss of electrical goods retailer Dixons Carphone has said.
Chief executive Alex Baldock said “many people’s eyes have been opened” to the uses of tech, including for home working and entertainment.
The comments came as Dixons reported that online sales more than doubled during the pandemic. But he said Dixons planned to keep High Street shops despite the online shift.
EU watchdog takes deep dive into banks’ use of tech
LONDON, June 29 (Reuters) – Banks’ increasing dependence on ‘RegTech’ technology to automate fraud checks and send data to regulators may need common rules to encourage wider use, the European Union’s banking watchdog said on Tuesday.
Part of a wider trend of digitalising finance, RegTech is used by banks to comply with anti-money laundering checks on customers, monitor transactions for fraud, send data to regulators about levels of capital, and assess if customers can afford a loan.
It speeds up routine tasks and reduces human error, the European Banking Authority (EBA) said in a report on Tuesday.
Uber is the latest tech company to rethink its return-to-office plans
Less than three months after announcing that its employees would be required to come back to the office at least three days a week, Uber is backtracking.The ride-hailing company will give its global officeworkers the option to apply for fully remote work or choose from a list of other offices instead of their pre-pandemic location, the company’s chief people officer, Nikki Krishnamurthy, said in a blog post Tuesday.
For those who choose to come back to the office, Uber (UBER) is asking that they spend at least 50% of their time there, but it is offering more flexibility on how this time can be structured. “This can be 3 days one week and 2 days the next week, or 5 days one week and 0 days the next week, depending on what works best for the employee and their team,” Krishnamurthy said.