TC Roundup: Apple Music faces antitrust scrutiny in NY, Connecticut

10 Jun, 2015

Apple Music faces antitrust scrutiny in NY, Connecticut: The attorneys general of New York and Connecticut are investigating Apple Inc's negotiations with music companies to look for signs of potential antitrust violations.

The attorneys general want to know whether music labels colluded or were pressured into favoring Apple's paid music subscription service, which was released on Monday. (Reuters)

Jack Ma thinks World War III will be a good thing: World War III is coming, but it will be a good thing, according to one of Asia's richest men.

Jack Ma, founder and executive chairman of Alibaba Group, said Tuesday that the Internet and its various platforms will usher in a wave of global conflict. It will not, however, pit countries against each other, but instead will see the likes of China and the U.S. teaming up to defeat societal ills. (CNBC)

Intel Capital will invest $125M in startups run by women and minorities: Brian Krzanich, chief executive of Intel, announced today that his Intel Capital venture arm will invest $125 million over the next 5 years in technology startups run by women and underrepresented minorities.

The move is the first stage of execution of Krzanich's promise at the Consumer Electronics Show in January to invest more than $300 million to diversify the talent in the technology industry. It is a huge commitment that dwarfs other efforts to change the face of Silicon Valley. (Venture Beat)

Facebook's Messenger platform gets its first game: Facebook Messenger's quest to own all the ways you connect with friends is now expanding to games. Today I spotted "Doodle Draw Game" in the Messenger platform app list, and Facebook says this is the first true game available since the platform launched in April.

Initially, Facebook only allowed content creation apps like GIF and sound effect makers on the Messenger Platform. The closest thing to a game was Talking Tom, which lets you choose a cartoon avatar to deliver your video message. (Tech Crunch)

Tech startups woo investors with unconventional financial terms — but do numbers add up?: Hortonworks Inc. Chief Executive Rob Bearden forecast in March 2014 that the software firm would have a "strong $100 million run rate" by year-end. But the number looked a lot smaller after Hortonworks went public and then reported financial results: just $46 million in revenue last year. (The Wall Street Journal)