Archives: Briefings

Australia modifies proposed digital-content rules after pushback from Facebook and Google

Rod Sims, chair of the Competition and Consumer Commission, said the bill will make clear that Facebook and Google won’t have to share any additional data on their users, and that news providers can’t interfere with the platforms’ algorithms. But it will still require tech firms to pay media outlets for content, and establish an arbitrator to decide on price disputes. (ABC News)

Six charged in alleged bribery scheme to gain edge in Amazon marketplace

A U.S. grand jury indicted six people for allegedly conspiring to pay more than US$100,000 in commercial bribes to Amazon employees and contractors for a competitive advantage on the company’s marketplace, which allows third-party merchants to sell goods and services online. The scheme resulted in more than US$100 million of “competitive benefits to those accounts, harm to competitors, and harm to consumers.” (The Logic)

Nuvei goes public, raises US$700 million in the largest TSX tech IPO ever

Hours before trading started Thursday, the Montreal-based payment-processing company raised its target IPO price to US$26 per share, from the US$20 to US$22 range it had set when it began marketing its offering to investors last week. It closed at $45.05, up 63 per cent after a day of trading only amongst institutional investors on an “if, as and when issued” basis. (The Logic, CBC News)

Huawei drafts ‘no-backdoor and no-spying pledge’ for Ottawa

The Chinese technology firm has reportedly written up language for contracts promising to maintain the confidentiality of information provided to it and not to give it to “any foreign intelligence agency outside of Canada.” The agreement has not been presented to the federal government, a source told The Globe and Mail. (The Globe and Mail)

Rogers takeover bid for Cogeco turns contentious

Cogeco is accusing Rogers and Altice of engaging in “bad faith tactics,” including announcing their $10.3-billion takeover offer without disclosing that Cogeco had already rejected it. Rogers sent Cogeco a letter accusing the latter’s board of having “failed to fulfill their most basic duties” by turning down the takeover offer within one day after receiving it. (The Logic)

Amazon taps Quebec zero-emission vehicle maker

The Lion Electric Company, based out of Saint-Jérôme, will supply Amazon with 10 battery-electric vehicles this fall as the e-commerce giant focuses on sustainable transportation in working toward a net-zero carbon target by 2040. (The Logic)

Tesla driver charged with dangerous driving appeared to be sleeping at the wheel

An RCMP officer pulled the man over for speeding near Ponoka, Alta. The officer said the driver appeared to be sleeping with his seat reclined and the car operating on its own before stopping for the police. The driver was originally given a speeding ticket and a 24-hour licence suspension; the charges were later elevated to dangerous driving. (The Canadian Press)

Edtech darling ApplyBoard raises $70 million, forms partnership with testing giant ETS

The Kitchener, Ont.-based startup has secured a $70-million Series C raise with participation from investors including New Jersey testing giant Educational Testing Service, which administers the TOEFL and GRE tests. As part of the deal, ETS will form a strategic partnership with ApplyBoard, providing a platform for its users to prepare for and take the GRE and TOEFL and apply to ApplyBoard’s partner schools. (The Logic)