UK launches antitrust probe into Apple

London (CNN)The United Kingdom’s competition watchdog has launched an investigation into Apple (AAPL) after app developers complained that they’re being forced to use the company’s payment systems and distribute their products via its App Store.The Competition and Markets Authority said Thursday that it will examine whether Apple is making developers agree to “unfair or anti-competitive”…

Continue Reading

Instagram accidentally hid likes for some users

(CNN Business)An Instagram bug briefly hid likes from some of its users on Tuesday, after the company accidentally expanded a long-running test of the feature.”We’ve been testing a new experience to hide likes on… posts,” a spokesperson for Facebook (FB), which owns Instagram, told CNN Business. “We unintentionally added more people to the test today,…

Continue Reading

Watch out, PayPal. Square just launched its own bank

New York (CNN Business)Square, the financial payments firm run by Jack Dorsey, launched an in-house bank that it says will allow it to “operate more nimbly” in an increasingly crowded fintech market. The firm announced Monday that the bank has begun operations after completing the charter approval process with the Federal Deposit Insurance Corporation (FDIC)…

Continue Reading