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Tech Brew Ride Home

Tue. 12/20 – An Old Crypto Mystery Resurfaces

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.71K Ratings

🗓️ 20 December 2022

⏱️ 19 minutes

🧾️ Download transcript

Summary

Amazon settles two EU antitrust cases. An old crypto mystery resurfaces and dormant wallets spring back to life. TikTok will tell you why they recommended that video. Is growth at Mastadon a flood or a trickle? And Coinbase is now worth less than Doge. Sponsors: Storyblok.com/ridehome Microsoft's Worklab Podcast Links: Amazon Agrees to Settle EU Antitrust Cases, Avoiding Fines (WSJ) Bitcoin Addresses Tied to Defunct Canadian Crypto Exchange QuadrigaCX Wake Up (CoinDesk) TikTok’s new feature will tell you why a particular video appeared in your For You feed (TechCrunch) Apple to start making MacBooks in Vietnam by mid-2023 (NikkeiAsia) Netflix’s Ad-Supported Tier Was Its Least Popular Plan, Analytics Firm Estimates (WSJ) More than two million users have flocked to Mastodon since Elon Musk took over Twitter (The Verge) Magna to Buy Veoneer Vehicle Safety Unit for $1.5 Billion (Bloomberg) Silicon Valley start-ups race for debt deals in funding crunch (FT) Coinbase’s Value Is $1 Billion Below ‘Joke’ Token Dogecoin’s (Bloomberg) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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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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