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(Bloomberg) — Google is confronting a growing backlash against its market power in international markets, compounding the company’s regulatory challenges as it girds for an historic antitrust suit from the U.S. Justice Dept.

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In just a matter of weeks, the search giant’s business practices have drawn scrutiny in Australia, South Korea and India. The European Union’s antitrust chief has already threatened to break up Google if it won’t change its ways, while the company pulled out of China a decade ago because of government censorship.

India is a prime example of how Google’s troubles could undercut future growth. More than 200 startup founders have banded together and opened discussions with the government to stop the Alphabet Inc. unit from imposing a 30% fee on smartphone app purchases, its standard levy around the world. While Google delayed implementation for six months after an outcry last week, the country’s tech

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By Anirban Sen, Joshua Franklin and Krystal Hu

(Reuters) – Roblox Corporation is working with investment banks to prepare for a U.S. stock market listing that could come early next year and which the online gaming platform expects could double its recent $4 billion valuation, people familiar with the matter said.

U.S. demand for video games has surged as consumers seek home entertainment while living under lockdown measures to curb the spread of the novel coronavirus.

U.S. consumer spending on video gaming hit a record $11.6 billion in the second quarter, up 30% on the year-ago period, according to research firm NPD Group.

Roblox is weighing whether to go public through a traditional initial public offering or a direct listing, the sources said, cautioning that the plans are subject to market conditions.

The sources requested anonymity as the plans are private. Roblox declined to comment.

In a direct listing, no

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fuboTV Prepares Terms For $150 Million IPO

October 1, 2020 | technology | No Comments

fuboTV (FUBO) intends to raise $150 million from the sale of its common stock in an IPO, according to an amended registration statement.

New York, NY-based fuboTV was founded to offer a combination subscription and advertising revenue platform to stream mostly sports events to user devices such as SmartTVs, mobile phones and other computing devices.

In 2019, pre-acquisition, fuboTV generated a monthly ARPU of $54, which represented an increase of 42% over the previous year.

Management is headed by Chief Executive Officer Mr. David Gandler, who has been with the firm since April 2020 and was previously president and CEO of fuboTV and Vice President Ad Sales at DramaFever, a video streaming service.

Below is a brief overview video of a consumer review of fuboTV:

Source: Home Theater Hobbyist

The company’s primary offerings include:

  • Live television for sports events
  • Over 700 channel access to local TV
  • Other streaming providers such
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A federal judge listened to arguments in a rare Sunday hearing ahead of making a crucial decision on whether to allow or block a Trump administration ban on downloads of the popular video-sharing app TikTok.

District Judge Carl Nichols, who has promised to rule on a TikTok request to block the president’s order before it takes effect at 11:59 pm Sunday (0359 GMT Monday), heard arguments on the free-speech and national security implications of the Trump ban on the Chinese-owned app.

TikTok lawyer John Hall said a ban would be “punitive” and close off a public forum used by tens of millions of Americans.

In a written brief ahead of the hearing, TikTok lawyers said the ban was “arbitrary and capricious” and “would undermine data security” by blocking updates and fixes to the app used by some 100 million Americans.

The company also said the ban was unnecessary because negotiations

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