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FAANG Report: Google snubs US Senate hearing on election meddling; J. Crew sets up shop in Amazon.com

J. Crew opens shop on Amazon, Netflix videos being throttled by US carriers, and analyst claims no fingerprint technology for Apple's new iPhones
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Google snubs a hearing at the US Senate on election meddling.

Alphabet Inc's (NASDAQ:GOOG) Google snubbed on Wednesday a US Senate hearing on election meddling, The Guardian reported, although the company posted online where a senior official said they were willing to work with the US Congress "on these issues."

Neither Google chief executive Sundar Pichai or Alphabet chief executive Larry Page showed up for the hearing. The company tried to send its senior vice-president for global affairs, Kent Walker, but was rebuffed, the report said. Alphabet is the parent company of Google, which dominates search on the internet.

Google was criticized by members of Congress for failing to show up.

Shares of Google were down 1.3% to US$1,181.48 by midsession.

READ: Facebook and Twitter chieftains face questions in US Senate over foreign influence peddling

J. Crew is setting up shop in Amazon.com Inc (NASDAQ:AMZN), getting its own dedicated online store, as it joined other retailers such as Chico's FAS, Calvin Klein and Nike in the newly minted trillion-dollar e-commerce giant, a report by CNBC said. 

The move is a shift in strategy by J. Crew, which had previously resisted selling its high-end clothing on Amazon in the past. Many other retailers are hesitant about signing up with Amazon for fear of losing control over pricing or marketing, the report said.

Amazon shares were lower by 1.4% to US$2,010.48.

US telecom companies are slowing internet traffic to videos of Netflix Inc (NASDAQ:NFLX) and YouTube, a report by Bloomberg said in pointing to new research from Northeastern University and the University of Massachusetts, Amherst.   

The university researchers used a smartphone app called Wehe to monitor which mobile services are being throttled when and by whom. Verizon, AT&T and T-Mobile claim sacrifices in speed are required to deliver the videos people want on their phones, the report said.

Netflix stock dropped 3.7% to US$350.08. 

READ: Apple expected to unveil three new iPhone models on September 12

Apple Inc's (NASDAQ:AAPL) 2019 iPhones will not adopt fingerprint on display teachnology and the iPhone maker will likely continue to use Face ID as a biometric authentication method in its devices, a report in MacRumors said.

The report said Apple analyst Ming-Chi Kuo believes Android manufacturers are keen to adopt fingerprint on display technology as a way to differentiate their devices from the iPhone.

Apple shares were up 0.1% to US$22.68, having hit a fresh record high of US$229.67.

Many users of Facebook Inc (NASDAQ:FBdo not understand how the site's news feed works and have not actively tried to influence the content the feed delivers to them, a report by the Pew Research Center said.

When asked whether they understand why certain posts but not others are included in their news feed, a survey showed that around half of US adults who use Facebook (53%) say they do not – with 20% saying they do not understand the feed at all well, the report said.

Facebook shares were off by 1.3% to US$168.95.

 

 

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