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WSJ Tech News Briefing

TNB Tech Minute: Meta, Microsoft, X and Match Take on Apple in Court

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 20 March 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus: France fines Google 250 million euros, or about $270 million. And the Biden administration awards Intel up to $8.5 billion to build new U.S. chip plants. Alex Ossola hosts. Listening on Google Podcasts? Here's our guide for switching to a different podcast player. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

The less your business spends the more margin you keep.

0:03.5

Net Suite by Oracle brings accounting, finance, inventory, and HR into one proven platform,

0:09.5

helping you reduce costs everywhere.

0:12.0

Now through April 15th, Net Suite is offering a one-of-a-kind flexible financing program.

0:17.9

So head to Net Suite.com slash Wall Street right now.

0:27.7

Here's your T&B Tech Minute for Wednesday, March 20th. I'm Alex Oscela for the Wall Street Journal. Meta, Microsoft X and Match Group have filed a legal petition against Apple's policies regarding payments in its app store.

0:37.0

In the filing, they object to how, in order to comply with the federal court ruling, Apple now plans to charge a commission for payments made outside

0:44.7

its App Store. A federal judge has ordered Apple to allow software makers to direct users to alternate

0:50.3

ways to pay for services or apps.

0:52.7

Apple has defended its right to charge the fees

0:55.0

and says it invests in privacy and security measures

0:57.6

that protect users.

0:59.7

Google has been hit with a $250 million fine or about 270 million dollars from France's competition

1:06.4

watchdog. The authority said that Google had breached commitments to negotiate in good faith

1:11.0

with news publishers.

1:12.6

Google didn't contest the regulator's conclusions

1:15.1

and decided to settle, saying it was, quote,

1:17.4

time to move on.

1:19.1

And the US government is granting Intel up to $8.5 billion to help fund new chip plants in Arizona,

1:26.2

New Mexico, Ohio, and Oregon.

1:28.8

That's according to the Commerce Department.

1:31.0

Intel's total investment in U.S. projects in the next five years is expected to exceed

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