Technet: Daily Crunch - Apple files countersuit against Epic

Tuesday, September 8, 2020

Daily Crunch - Apple files countersuit against Epic

The big story: Apple files countersuit against Epic

Apple has made the latest move in a legal battle against Epic Games, filing a lawsuit claiming that the company behind Fortnite is in breach of contract.

"Although Epic portrays itself as a modern corporate Robin Hood, in reality it is a multi-billion dollar enterprise that simply wants to pay nothing for the tremendous value it derives from the App Store,” Apple wrote in its suit.

This follows Epic’s attempt in August to avoid Apple’s 30% App Store fee, which led to Apple removing Fortnite and eventually Epic from the App Store. (Accounts tied to Epic’s Unreal game engine have not been removed.) Epic then launched a lawsuit and a PR campaign against Apple, arguing that the company is abusing its market power.

The big story: Apple files countersuit against Epic image

Image Credits: Andrew Harrer/Bloomberg via Getty Images / Getty Images

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The tech giants

Android 11 has arrived — Android 11 isn't a radical departure, but there are a number of interesting new user-facing updates that mostly center around messaging, privacy and giving you better control over all of your smart devices.

Microsoft confirms compact, $299 Xbox Series S arriving on November 10 — The Series S is essentially a stripped-down version of the upcoming Series X, without true 4K rendering and with a lot less processing power.

Apple's next event is September 15 — The event will almost certainly feature the new Apple Watch.

Startups, funding and venture capital

General Motors takes $2 billion stake in electric truck startup Nikola — Through the deal, GM gets 11% ownership in startup Nikola, and will, in turn, produce Nikola's wild fuel cell pickup truck by the end of 2022.

Silver Lake leads $500 million investment round in Indian online learning giant Byju's — The round values the Indian online learning platform at $10.8 billion.

Progress snags software automation platform Chef for $220M — Progress, a Boston-area developer tool company, is boosting its offerings in a big way.

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Image Credits: Nikola Motor

Advice and analysis from Extra Crunch

How to respond to a data breach — How a company responds to a data breach can make or break its reputation.

9 proptech investors talk co-living, home offices and other pandemic trends — TechCrunch surveyed nine firms that are writing checks today, and this second installment focuses on the opportunities and risks for startups.

JFrog's IPO strong initial price range values it ahead of the larger Sumo Logic — The IPO wave continues to crest as a number of well-known technology companies line up to float their equity on American exchanges.

(Reminder: Extra Crunch is our subscription membership program, which aims to democratize information about startups. You can sign up here.)