FTC Reveals its Study on Acquisitions From Big Tech

The Federal Trade Commission will change the way it scrutinizes acquisitions from Big Tech. On Friday it released the findings of its decade-long study on deals that weren’t reported.

The FTC reviewed 616 transactions valued at $1 million or more between 2010 and 2019 that were not reported to antitrust authorities by Amazon, Apple, Facebook, Google and Microsoft. 94 of the transactions actually exceeded the dollar size threshold that would require companies to report a deal. The deals may have qualified for other regulatory exemptions. 79% of transactions used deferred or contingent compensation to founders and key employees, and nearly 77% involved non-compete clauses. 36% of the transactions involved assuming some amount of debt or liabilities.

Apple Once Threatened to Remove Facebook From App Store Over Human Trafficking

On Friday a report claims that Apple once threatened to remove Facebook from the App Store in 2019. The cause was human trafficking. (Original, paywalled report here).

The BBC published a sweeping undercover investigation of the practice, prompting Apple to threaten to remove Facebook from its store, the paper said.

An internal memo found that Facebook was aware of the practice even before then: A Facebook researcher wrote in a report dated 2019, “was this issue known to Facebook before BBC inquiry and Apple escalation?,” per the Journal.

Do the right thing, Apple: Remove Facebook.