[TL;DR] Tech news that you shouldn’t miss this 04/11
Every evening, the best of Tech news is in the TL; DR of FrenchWeb.
TL; DR (invariable acronym) (21st century): initials of “too long; didn’t read “,
or literally “too long; not read ”
1. (Internet) To express that the message that was sent was not read because it was too long.
2. (Internet) To express that the following is a summary of the text too long.
Mark Zuckerberg manhandled during his grand oral before the US Senate. Elected officials questioned the CEO of Facebook for more than three hours in Washington.
Why this is important: This is perhaps one of the major lessons of this great oral examination by Mark Zuckerberg before the US Senate, the hypothesis of a regulation of GAFAM is no longer an illusion. Faced with the desire of elected officials to introduce stricter legislation to regulate the activity of digital giants, in line with the GDPR, the boss of Facebook says he is open to this prospect. However, Mark Zuckerberg believes that stricter regulations could act as a brake on the creation of new technology companies. Facebook wants to change, but not too much. The billionaire was also asked about Facebook’s business model. “There will always be a free version of Facebook», Replied Mark Zuckerberg, leaving the door open to a paid version. However, he preferred to defend the economic model of the social network based on advertising. In addition, Mark Zuckerberg was put in difficulty on basic questions relating to the exploitation of the data of the users of Facebook.
Ant Financial on the way to becoming the world’s biggest unicorn. The company is preparing to raise $ 9 billion. This operation would value it at nearly 150 billion dollars.
Why this is important: This latest round of funding precedes the expected IPO of Ant Financial, although no timetable has yet been communicated. This future valuation of the company would make it one of the largest IPOs, ahead of Spotify valued at nearly $ 30 billion when it entered Wall Street in April. Another scale of magnitude: when it went public six years ago, Facebook weighed 104 billion dollars. As for Alibaba, the Chinese company was valued at $ 168 billion when it was listed in 2014.
In-flight broadband: Google wants to buy Nokia’s dedicated service. The Nokia LTE A2G cellular system creates a direct connection between the ground and the aircraft to provide high speed in the cabin.
Why this is important: According to the sources who wished to remain anonymous, the discussions are already at an advanced stage and an agreement could be found soon. Nokia’s on-board broadband activity could help Google offer a more efficient alternative to existing WiFi on planes.
Amazon now operates more than 70 own brands. Discreetly but surely, the e-commerce giant is building up an impressive portfolio of brands, specializing in particular in fashion.
Why this is important: Jeff Bezos’ firm began to develop its own brands in 2009, with the most famous of them, Amazon Basics, which offers consumer electronics accessories, as well as home and office supplies. Amazon will then take a four-year hiatus, before launching its diapers in the Amazon Elements range. Since last year, however, the American e-commerce giant has quietly taken the initiative and accelerated the pace: more than 60 brands have been created and marketed since January 2017. These new brands cover in their overwhelming the majority are fashion, shoes and jewelry: there are 65 in these sectors.