Techstrong News Recap – December 22, 2022

Hi again, everyone here the headlines for December 22nd. First up the Federal Trade Commission has reached a settlement for two cases against epic games hitting them with a 520 million dollar fine. Epic games which is the creators of the massively Successful video game fortnite has to pay 245 million dollars worth of customer refunds for deceptive billing practices in 275 million dollars for collecting the personal data of fortnite players younger than 13 without informing parents or getting consent to do so.

These finds will be the biggest penalty ever imposed for breaking an FTC rule. Epic games the stated that they have already made changes to stop these practices and I've led to getting fined in the first place. Next core scientific one of the largest publicly traded cryptocurrency mining companies has filed for chapter 11 bankruptcy.

Over 2022 core scientific has lost approximately 98% of its value. The crypto sector hasn't fared much better as it's more than a trillion dollars in value have been wiped from it. The downturn is even wiped out several major players in the crispace.

So just three arrows capital and Celsius Network. The follow-up FTX filing for bankruptcy last month also is plagued other crypto companies as those dropped hopes for Recovery of crypto prices in the near future. In other news the EU is looking at the broadcom 61 billion dollar deal to buy the cloud technology company VMware over concerns that it could stifle competition.

the eu's executive commission open investigation that will look into whether or not broadcom's acquisition to VMware will lock out rival technology ultimately raising prices and lowering Innovation for customers and consumers Broadcom announce plans the purchase VMware to get a foothold in the cloud computing Market this past May and the commission will have until this upcoming May to decide if the deal can go through. While on the subject of the EU Amazon is not that it will change as business practices in order to end antitrust probes in Europe. The EU executive commission has approved several legally binding commitments Amazon is made to resolve antitrust investigations.

These changes that Amazon will have to make revolve around giving customers more visible choices when buying products including multiple buy boxes and making access of its prime sellers membership more easy. This is a major advance for EU authorities that are trying to limit the power of big text and we might see similar steps forward elsewhere too. As Amazon is facing similar scrutiny in the US and UK.

On Security Boulevard, we have an article looking at cybersecurity in 2022. As we wrap up the year. It is important to take a look back and see what worked and what didn't this article takes a look at both the good and the bad to learn more go to Security Boulevard calm.

com we have an article looking at how Optimizer has extended its monitoring capabilities to cloud computing environments. This new expansion that starts with both AWS and Microsoft Azure comes as more companies are looking to find a balance between monitoring predefined metrics and it observability platform to find unknown issues. com.

Finally on container Journal we have an article looking at a report that shows the complexity when it comes to implementing Cloud native observability. The results found that 75% of companies are focusing on cloud native applications, but 87% of engineers said that it comes with increased in complexity in terms of troubleshooting incidents. com.

And that's today's text drawing these recap.