TNB Tech Minute: Google May Have Breached U.K. Competition Law

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Here's your TNB Tech Minute for Friday, September 6th.

I'm Zoe Thomas for The Wall Street Journal.

UK antitrust officials say Google might be stifling competition

by favoring its own ad tech services.

The UK's Competition and Markets Authority

said a preliminary investigation found that most publishers

and advertisers use Google's ad tech services,

which let publishers and advertisers bid for and sell ad space.

Officials are concerned,

Google is leveraging its position to favor its own services.

Google, which is owned by Alphabet,

is already facing scrutiny over its ad tech business

in Europe and the U.S.

In a statement, Google's vice president of global ads

said the company disagreed with UK officials

and that the core of the case rests on

flawed interpretations of the ad tech sector.

Telegram founder and CEO Pavel Durov

has denied that the messaging app

refused to cooperate with European authorities

to counter illegal content.

French authorities charged Durov with crimes

including complicity in spreading illicit content on Telegram.

In a post on the app, Durov acknowledged

the sharp increase in Telegram users

had made it easier for criminals to abuse the platform,

but he said it removed millions of harmful posts

and channels every day.

These were his first public comments

since he was arrested by French authorities

at the end of August.

And we're exclusively reporting that

JPMorgan Chase is investigating thousands of agents,

with incidents of possible check fraud

committed as part of a TikTok craze.

The bank plans to share the evidence it gathers

with police departments around the country.

Videos on TikTok showed a so-called glitch

that allowed Chase customers to deposit big checks

and withdraw funds from ATMs immediately,

even if there weren't sufficient funds available.

Normally, the bank allows customers

to withdraw a portion of deposited checks

before they're cleared.

But a technical issue last week

allowed customers to withdraw the full amount of a check

before they're cleared.

But a technical issue last week

allowed customers to withdraw a full amount of a check

before it had cleared.

Chase says the issue has been fixed.

It doesn't yet know the full scope of its losses,

though it estimates that thousands of people were involved,

according to people familiar with the matter.

For a deeper dive into what's happening in tech,

check out Monday's Tech News Briefing podcast.

Check out Monday's Tech News Briefing podcast.

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