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Good morning! This is the tech news you need to know this Wednesday. Sign up here to get this email in your inbox every morning.
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- Google faces the biggest antitrust lawsuit in two decades. The US Department of Justice accused the tech giant of using a network of illegal, exclusionary business deals that disadvantage smaller competitors, building an unfair advantage in search and online advertising.
- Google says its products dominate because they are better. The firm described the DOJ's as 'deeply flawed' suit and said it would force Americans to use worse search features and pay more for their phones.
- TikTok explicitly called out white genocide theory and white nationalism as hate speech. The app's guidelines already ban hate speech and hateful ideology, but Wednesday's update sees the firm condemn certain beliefs more explicitly.
- We took a first look at the new iPhone 12 lineup. The updated design and refreshed screen sizes make the iPhone feel newer than it has in years, Business Insider's Lisa Eadicicco found.
- Netflix's massive 2020 growth is slowing. The streaming company said Tuesday that it added 2.2 million paid subscribers during the third quarter, compared with a Wall Street forecast of 3.3 million.
- Some Amazon employees can work from home till 2021. The retail giant has extended its return-to-work date multiple times as coronavirus outbreaks continue across the US.
- Silicon Valley is pouring billions into last-minute anti-Trump ads. The Democratic super PAC Future Forward has raised cash from Facebook cofounder Dustin Moskowitz and Twilio founder Jeff Lawson among others.
- Snap crushed expectations with its Q3 earnings. The firm generated $678.7 million in revenue in the third quarter, up by 52% year-on-year.
- Netflix defended its dual-CEO model. Co-CEO Reed Hastings told Business Insider: "Nearly every family has two CEOs," Hastings said. "If you've got two people that work really well together then it can be incredibly powerful."
- Google CEO Sundar Pichai told employees to focus amid the DOJ lawsuit. "The best way we can help the company in times like these is by staying deeply focused on our mission," he said.
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