DailyDose: Google wins anti trust battle and Facebooks existential risk

Microsoft Wins bid to acquired R2 studios

Late last year, it was reported that Microsoft, Apple and Google were all speaking to id8 Group R2 Studios Inc. about a potential acquisition of the startup, and now the Wall Street Journal is reporting that Microsoft has indeed sealed the deal. R2 is a home automation and entertainment media startup, founded by Blake Krikorian, former founder of Sling Media. Microsoft hopes to use the startup’s resources, tech and personnel to enhance its Xbox division. [Source]

Victory for Google as FTC Takes No Formal Steps

The Federal Trade Commission on Thursday handed Google a major victory by declaring, after an investigation of nearly two years, that the company had not violated antitrust or anti-competition statutes in the way it arranges its Web search results.
By allowing Google to continue to present search results that highlight its own services, the F.T.C. decision could enable Google to further strengthen its already dominant position on the Internet. It also enables Google to avoid a costly and lengthy legal war of attrition like the antitrust battle that Microsoft waged in the 1990s.   [Source]

U.S. Lied to Get Search Warrants, Megaupload Claims

Kim Dot Com (Image: Wikipedia)

Megaupload founder Kim Dot Com (Image: Wikipedia)

The U.S. government lied to a court to get search warrants for computer servers in Virginia belonging to Megaupload.com., which is accused of orchestrating the biggest copyright-infringement conspiracy in U.S. history, the file-sharing website said. The U.S. government had sought Megaupload’s cooperation in the investigation and the company agreed, unaware it was the target of the investigation, Megaupload said in a filing yesterday in federal court in Alexandria, Virginia. [Source]

Facebook Profit Shows Existential Risk for Social Network

As Facebook Inc explores a broader range of money-making businesses, such as video ads and music streaming, it will need to shake off the growing pains that marked its first quarters as a public company. Slowing revenue growth and sagging shares have ratcheted up pressure on Facebook to find new ways to generate sales. At the same time, the world’s largest social network will have to assuage concerns about privacy rights, woo investors and stay true to Chief Executive Officer Mark Zuckerberg’s pledge that Facebook is more a social movement than a business. [Source]