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- Google loses antitrust case over search
Google loses antitrust case over search
Plus: Microsoft is now tying its security efforts
Cash Nut
August 06, 2024
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In Today’s Edition
When to Join a Startup
Mars Inc. is in talks to acquire Kellogg spinoff Kellanova
Chrome's Manifest V3, and its changes for ad blocking, are coming real soon
Microsoft is now tying its security efforts to employee performance reviews
Google has withdrawn its "Dear Sydney" ad from the Olympics
Path to precision: Targeted cancer drugs go from table to trials to bedside
🚀Startups Nuts
Five types of risk need to be eliminated to create a successful and reliable business when building a startup: technology risk, market risk, scaling risk, business model risk, and defensibility risk. Understanding and assessing these risks is crucial for entrepreneurs, investors, and potential employees to decide when to join or invest in a startup. Individuals can make more strategic decisions that maximize their potential for success and economic reward by recognizing when a major risk is about to be removed.
Other News
Abnormal Security, an SF email security company, raised $250m in Series D funding at a $5.1b valuation
Placer.ai, a a Walnut, Calif., location data analytics startup, raised $75m at a $1.5b valuation
Riverlane, a British quantum error correction startup, raised $75m in Series C funding
Muon Space, a Mountain View, Calif., space-as-as-service startup, raised $56.7m in Series B funding
Mechanical Orchard, an SF cloud ops-as-a-service, raised $50m in Series B funding
Knime, a Swiss open-source data science platform, raised $30m
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🏭Business Nuts
A federal judge has ruled that Google illegally held a monopoly in search and text advertising. Google was found to have violated Section 2 of the Sherman Act, which outlaws monopolies. The ruling is the first anti-monopoly decision against a tech company in decades. Google plans to appeal the ruling.
Other News
Mars Inc. is in talks to acquire Kellogg spinoff Kellanova, which would add Pringles, Cheez-It, Pop-Tarts, and more to its empire. Kellanova shares popped 20% in premarket trading.
Ikea must pay $566k for allegedly destroying evidence in an ongoing class-action age discrimination lawsuit. The retailer is accused of deleting employees’ emails after being asked to produce them.
Uber reported earnings and revenue that topped estimates for its second quarter. The company’s mobility unit reported a 23% increase in gross bookings to $20.6 billion. For the third quarter, Uber expects bookings of $40.25 billion to $41.75 billion, compared with the $41.18 billion average estimate, according to StreetAccount.
Yum Brands reported earnings that topped estimates but revenue that fell short of expectations for the second quarter. KFC and Pizza Hut both saw their same-store sales shrink. Only Taco Bell, the jewel of the company’s portfolio, reported same-store sales growth.
📱Tech Nuts
Chrome is preparing to make Manifest V3 compulsory for extensions that want to run on its platform. Some users recently reported seeing warnings telling them that certain extensions may no longer be supported. V2 extensions started being disabled in early June on the Beta, Dev, and Canary update channels. Users will still be able to manually re-enable V2 extensions for a short time.
Other News
Microsoft is now tying its security efforts to employee performance reviews - a lack of security focus for employees could impact promotions, merit-based salary increases, and bonuses.
Apple is testing a new Safari feature called Distraction Control, which allows users to remove distracting elements from websites they visit.
OpenAI has an AI-detection tool that is highly effective at identifying AI-generated text, but the company hesitates to release it to avoid upsetting its user base.
The Department of Justice is suing TikTok for allegedly allowing children under 13 to create accounts without parental consent and collecting extensive data on them, violating US child privacy laws.
Google has withdrawn its "Dear Sydney" ad from the Olympics after receiving significant backlash from viewers and negative feedback on social media.
Meta is negotiating with celebrities like Awkwafina, Judi Dench, and Keegan-Michael Key to use their voices for its AI assistant, MetaAI, which is akin to Siri and Google Assistant.
🎁Miscellaneous
There are now many targeted therapies and new techniques in the pipeline for treating various types of cancer. This article looks at the history of targeted cancer treatments to see how far the science has come. It took many preclinical studies, genetic sequencing advances, and other breakthroughs to get where we are now. The success of current treatments would not have been possible without all of the research legwork and basic science over the past few decades.
💡What else are we reading and seeing?
Big Tech's Guide to "M&A" in AI
Replacing my right hand with AI
Will Wall Street support heavy AI spending?
You Guys Have No Idea Just How Much People Hate Generative AI
$6.4T stock wipeout has traders fearing ‘Great Unwind’ is just starting
If you always do these 8 things, you’re mentally stronger than both
😎Fun Fact
On this day: In 1965, President Lyndon B. Johnson signed the Voting Rights Act into law, guaranteeing Black Americans the right to vote
🔥 Few tools many people are finding useful
Hippo Scribe - Free AI scribe for PT/OT/SLP
Mica AI - Turn sales calls into highlight shorts
Dezyn - Transform your diagrams into interactive experiences
Wondercraft - Create audio content (ads, podcasts, audiobooks) in any language
🐦Joke of the Day
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