Here are the top trending news from the world of technology
To help you Shop, Facebook working on visual search on Instagram
Among many projects, Facebook is currently busy in rolling out visual search feature on Instagram. This ongoing project is part of Facebook’s efforts to double down on shopping features across all platforms including Facebook. Experts argue that Facebook wants to seriously cash on the ongoing social commerce boom. This upcoming visual search feature is on the similar lines to ones offered by Snapchat and Pinterest.
Bitcoin hit by cryptocrash
Bitcoin is heading for a harsh winter as the markets are turning unfavorable for most cryptos. On Tuesday, Bitcoin was trading below the psychological mark of $30,000. Bitcoin and most other cryptos have been having a rough in recent times and much of that blame will have to go to Elon Musk.
Big Tech Vs U.S Congress
Big Tech giants – Amazon, Google, Facebook and Apple – are gearing up to face slew of anti-trust bills that are up for prolong discussion on Wednesday. Before the discussion could get underway, big tech companies warned that if these bills are enacted then it will hurt private innovation and America’s free market image. Among many things, these anti-trust bills are seeking to break-up the big tech companies.
Apple is opening a store in a 100-year-old tower theatre
Apple is all set to open its new store in greater LA area but this upcoming store is bit special. This store will be located inside a 94 year old tower theatre. This specific theatre will be Apple’s 26th store in greater LA area. This tower theatre is one of the famous landmark places in the region. Setting a store inside a historic building calls for lot of work and the work is already going in full-swing to open the store to public at the earliest.
One of Amazon’s biggest critic will probe Amazon-MGM acquisition
According to a report published in The Wall Street Journal, Federal Trade Commission or FTC will probe the recent Amazon and MGM deal. But the real news that the probe will be headed by Lina Khan. Khan is widely considered as one of the outspoken critics of Amazon and its monopolistic practices. The probe will start at a time when public discussion around anti-trust bills is gaining lot of momentum.