Google and Apple’s complicated relationship, and Meta’s chance to return to China
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 17 November 2023
⏱️ 15 minutes
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Summary
On today’s Tech Bytes, our review of the week’s biggest headlines, Meta strikes a preliminary deal with Chinese videogame maker Tencent, giving the company a chance to return to China 14 years after Facebook was banned there.
We also talk about the ransomware attack on a major Chinese bank, and how the Biden administration thinks American companies should respond to cyber extortion.
But first, a look at the recent revelations about Google and Apple’s complicated relationship. Earlier in its federal antitrust trial, Google said it paid Apple $18 billion a year to be the default search engine on iPhone web browsers. The government said that’s $18 billion worth of evidence of anticompetitive behavior. This week, a witness for Google accidentally disclosed the company was sharing 36% of ad revenue it made from Safari browser searches with Apple. Whoops!
Marketplace’s Matt Levin is joined by Anita Ramaswamy, columnist at Reuters Breakingviews, for her take on these stories.
Transcript
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| 0:00.0 | Google Apple and the high price of being frenemies. |
| 0:05.0 | From American public media, this is Marketplace Tech. |
| 0:08.0 | I'm Matt Levin. We've made it to the end of the week, which means it's time for Marketplace Tech Byets, our look back at the week which means it's time for Marketplace Tech Bites our look back at the |
| 0:24.0 | week's biggest tech headlines on the show today meta strikes a deal to return to |
| 0:29.3 | China but not with social media we'll also talk about the ransomware attack on a major Chinese bank |
| 0:36.0 | and how the Biden administration thinks American companies should respond to cyber extortion. |
| 0:42.0 | But first, more revelations on Google and Apple's |
| 0:45.2 | complicated relationship. Earlier in its federal antitrust trial Google |
| 0:50.4 | said it paid Apple 18 billion dollars a year to be the default search engine on |
| 0:55.2 | iPhone web browsers. The feds say that's 18 billion dollars worth of evidence of |
| 1:00.6 | anti-competitive behavior. |
| 1:03.2 | And then this week a witness for Google |
| 1:06.0 | accidentally disclosed the company was sharing 36% |
| 1:10.0 | of ad revenue it made from those searches with Apple. |
| 1:13.9 | I'm joined by Anita Ramaswami, |
| 1:15.6 | columnists at Reuters breaking views about what happened. |
| 1:19.5 | You know, Google and Apple, it was reported. |
| 1:21.1 | We're trying really hard to keep this number a secret and the way it |
| 1:24.1 | ended up slipping out was during witness testimony by a University of Chicago professor Kevin Murphy. |
| 1:30.3 | And it's not clear whether this 36% is above and beyond that in addition to it. |
| 1:34.8 | But either way, we're talking tens of billions of dollars and just having such a key detail |
| 1:40.9 | of that arrangement between Apple and Google was really material in the trial. |
... |
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