The FTC and state attorneys general are reportedly aiming up to 4 new antitrust lawsuits at Facebook and Google as talk of regulation continues to heat up



a close up of Sundar Pichai wearing glasses and looking at the camera: Carsten Koall/Getty Images; Alex Wong/Getty Images


© Provided by Business Insider
Carsten Koall/Getty Images; Alex Wong/Getty Images

  • The Federal Trade Commission and state attorneys general are gearing up to hit Google and Facebook with new antitrust lawsuits in the coming weeks, per a Monday report from The Wall Street Journal.
  • The probes will focus on whether the companies have had unfair advantages in their domination of the search and ad market and social media.
  • The DOJ and state attorneys generals have been probing aspects of Google’s business, including its search, online advertising, and Android practices, since 2019. The DOJ filed an antitrust lawsuit against Google in October.
  • But if the government sued Facebook, it would be the first major US government antitrust action taken against the social media company.
  • Visit Business Insider’s homepage for more stories.

Federal and state officials are gearing up to slap Facebook and Google with up to four new antitrust lawsuits by

Read More

General Dynamics Information Technology Awarded $241 Million Multi-Cloud Contract by Centers for Medicare and Medicaid Services

FALLS CHURCH, Va., Nov. 25, 2020 /PRNewswire/ — General Dynamics Information Technology (GDIT), a business unit of General Dynamics (NYSE:GD), announced today it has been awarded a new contract by the Department of Health and Human Services Centers for Medicare and Medicaid Services (CMS) to provide cloud services and software tools. The Cloud Products and Tool (CPT) task order holds a total estimated value of $241 million, on a one-year base period with three one-year options.

GDIT announced today it has been awarded a new contract by the Department of Health and Human Services Centers for Medicare and Medicaid Services to provide cloud services and software tools.

GDIT will procure cloud services and implement a mature multi-cloud environment designed to deliver critical healthcare services to tens of millions of Americans through applications such as Medicare.gov and Healthcare.gov. CMS operates one of the largest public clouds in the federal government, and the new instances procured under CPT will include Amazon Web Services public cloud and GovCloud, and Microsoft Azure Government.

“We look forward to continuing our 40-year partnership with CMS

Read More

Morning Bell With Jim Cramer: Buy General Electric

Dow futures gains as stocks power higher on the AstraZeneca vaccine update, which showed a 70% efficacy rate across all doses in late-stage trial data.

In the last episode of Mad Money, Jim Cramer said that the stock market is a tug-of-war between the virus and the vaccine, and also between Biden versus Trump. Hopefully, during next week’s holiday-shortened week, we will get some clarity on both.

TheStreet’s Katherine Ross and Cramer are talking about buying General Electric, Arcturus vaccine, and Roblox filing to go public.

General Electric Stock: Buy or Sell?

The General Electric  (GE) – Get Report unit GE Healthcare announced Friday that it has acquired Swedish startup Prismatic Sensors, a company that specializes in photon-counting detectors for medical x-ray imaging that it said will dramatically improve body-scan imaging.

In a statement, GE said it will apply Prismatic Sensors’ technology, called PCCT, or Deep Silicon Detectors,

Read More

JumpCloud raises $75 million backed by BlackRock, General Atlantic

  • Work security platform JumpCloud just raised $75 million in a Series E funding round backed by the likes of BlackRock and General Atlantic. 
  • The Colorado-based firm supports thousands of businesses around the world – including big name clients like GoFundMe and Foursquare. 
  • Business Insider got an exclusive look at the pitch deck JumpCloud used to bring investors on board. 
  • Visit Business Insider’s homepage for more stories.

JumpCloud, the security management platform, just announced it has raised $75 million in a Series E fundraising round backed by BlackRock and General Atlantic. 

Based in Denver, Colorado, JumpCloud is used by more than 100,000 organizations across 100 countries, and enables new employees to on-board remotely and securely at scale, promising to minimize time and effort. Big-name clients include the likes of GoFundMe and Foursquare. 

William Abecassis, head of Innovation Capital at BlackRock, said: “JumpCloud is filling a critical need in the market as

Read More