Archives: Briefings Briefings

Australia’s Lendlease to build a Google neighbourhood near the tech giant’s Bay Area headquarters

The 15-million square-metre mixed-use area will include office spaces, retail and more than 15,000 new homes. The project will cost an estimated US$15 billion and will take about 10 to 15 years to complete. Lendlease—which has a US$1.91-billion partnership with the Canada Pension Plan Investment Board—is expecting a profit margin of 20 to 25 per cent on the development. Its stock was up 4.75 per cent on the Australian Securities Exchange by close on Thursday. (Australian Financial Review)

U.S. Federal Trade Commission seeks comment on updating Children’s Online Privacy Protection Act

The commission will look at whether the COPPA, enacted in 2000, effectively addresses new technologies, like smart televisions, and services like video games that aren’t directly marketed toward children under 13, but still have a large audience of them, like Fortnite and Snapchat. The FTC will hold a public workshop on October 7 to review whether the act should be updated. (Washington Post, TechCrunch)

Lightspeed acquires Swiss POS solutions provider, its second since its IPO

The company announced the acquisition of iKentoo on Wednesday; the terms of the deal were not disclosed. iKentoo provides iPad-based point-of-sale (POS) solutions and business-management tools for the restaurant and hospitality industry, and serves more than 3,800 customers in over 14 countries. (The Logic)