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Europe to ‘assess’ Adobe’s proposed $20B Figma acquisition on competition grounds

TechCrunch

Adobe’s proposed plan to snap up digital design rival Figma for $20 billion has attracted the attentions of the European Commission (EC), which announced today that the proposed merger potentially “threatens to significantly affect competition in the market for interactive product design and whiteboarding software.”

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Amazon fined record $887 million over EU privacy violations

The Verge

Now that Amazon’s Q2 earnings are in , it has submitted a 10-Q filing with the SEC that includes additional details like this eye-popping note about a fine imposed by Luxembourg’s National Commission for Data Protection (CNPD) (via Bloomberg ).

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Elon Musk’s Twitter (now X): Everything you need to know, from layoffs to verification

TechCrunch

These countries include Netherlands, Poland, Ireland, Belgium, Sweden, Romania, Czech Republic, Finland, Denmark, Greece, Austria, Hungary, Bulgaria, Lithuania, Slovakia, Latvia, Slovenia, Estonia, Croatia, Luxembourg, Malta and Cyprus. If you’re confused about all the checkmarks, you’re not alone.

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What Congress should ask at Wednesday’s tech antitrust hearing

The Verge

I particularly liked this proposed question, about Amazon: In a five-week period during the pandemic, your firm added the value of the world’s largest firm by revenue — Walmart. The company argued that some of the document requests were too broad and would capture private information from its employees. Javier Espinoza / Financial Times ).

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