Tue. 12/20 – An Old Crypto Mystery Resurfaces
Tech Brew Ride Home
Amalgamated Internets, LLC
4.7 • 1K Ratings
🗓️ 20 December 2022
⏱️ 19 minutes
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| 0:00.0 | Welcome to the Tech Meam ride home for Tuesday, December 20th, 2022. |
| 0:08.0 | I'm Brian McCullough. Today, Amazon settles two EU antitrust cases, an old crypto mystery resurfaces as dormant |
| 0:16.0 | wallets spring back to life. Tic-Toc will tell you why they recommended that |
| 0:20.5 | video to you is growth at Mastodon a flood or a trickle and |
| 0:24.9 | coin base is now worth less than doge. Here's what you miss today in the world of |
| 0:29.6 | tech. |
| 0:31.6 | All right let's see if we can pull this off. If I don't say his name, maybe I won't invoke him, sort of |
| 0:39.2 | of Candyman style. We'll explain that at the end of the show. |
| 0:43.0 | Amazon has agreed to settle two EU antitrust cases related to third-party sellers on its platform. |
| 0:50.0 | Amazon won't be paying a fine because of the settlement and will adhere to the commitments made in |
| 0:54.1 | the settlement for seven years, quoting the Well Street Journal. |
| 0:58.2 | As part of the deal, Amazon is committing to giving third-party sellers that use Amazon an equal shot at being selected as the default option for the buttons in Amazon's so-called buybox and to qualify for its prime shipping program. |
| 1:12.0 | The buy box contains the add to basket and buy now |
| 1:14.8 | buttons on the Amazon website. The company will also abstain from using non |
| 1:18.9 | public data about sellers on its marketplace to compete against them. The deal settles charges the |
| 1:24.0 | EU level two years ago against Amazon for allegedly violating competition law by |
| 1:28.8 | using non-public information for merchants in its competition against them. |
| 1:32.8 | The EU since then has been investigating potential charges related to the buybox and |
| 1:36.6 | prime program. |
| 1:38.0 | Amazon said Tuesday that it continues to disagree with several of the EU's allegations |
| 1:42.3 | about its business practices but engaged in a settlement |
| 1:45.1 | to preserve its ability to serve customers and businesses in Europe." End quote. A different kind of crypto story for once. This is like an old school |
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