Apple and Google have a “vice-like grip” on the mobile device market, the UK’s Competition and Markets Authority said Tuesday in an interim report on mobile ecosystems, a sign of continued global questions the companies face over their dominance in app marketplaces and phone operating systems. The companies’ control over iOS and Android operating systems, app stores and payment methods make it...
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What Sequoia Should Have Said
I remember my jaw dropping last year when The Information’s Juro Osawa reported that Sequoia China was in talks to raise more than $8 billion in new funding from U.S. investors and others.I was baffled. I just couldn’t imagine that Sequoia, which had picked a slew of winners in the U.S. and China ranging from Google to Meituan, was going to continue to draw such inflows from the U.S. to its...
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