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US sues Google over anti-competitive business practices | Money Talks

on October 20, 2020

The US government has filed a landmark anti-trust lawsuit against one of the tech industry’s biggest firms. The US Justice Department is accusing Google of strangling the competition by abusing its monopoly in the online search market. Several state attorneys- general have joined the DOJ in the case.. which is the most aggressive antitrust action against an American company in more than two decades. We spoke to Santosh Rao, head of research at Manhattan Venture Partners in Princeton, New Jersey.

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US President Trump approves ByteDance’s TikTok deal | Money Talks

on September 23, 2020

US President Donald Trump has granted approval to a deal that helps social media app TikTok avoid a US ban. Its owner, Chinese technology provider ByteDance is partnering with US computing firm Oracle and retail giant Walmart. But divergent statements from the White House and ByteDance are raising questions over the terms of the agreement. Mobin Nasir reports. For more we were joined by Santosh Rao Princeton, New Jersey. He is a Research Head at Manhattan Venture Partners.

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Facebook faces Federal Trade Commission anti-trust probe

on September 16, 2020

The US Federal Trade Commission is reportedly preparing an antitrust lawsuit against Facebook, for using its market dominance to stifle competition. If found guilty, the social media giant may be forced to spin-off parts of its business. The company is also under pressure for allowing hate speech to spread on its platforms, which include Instagram and WhatsApp. Kim Kardashian, Jennifer Lawrence, Michael B. Jordan and several other celebrities have frozen their social media accounts for 24 hours, to draw attention to Facebook’s inaction against online hate speech and misinformation. For more on this, Santosh Rao joined us from New Jersey. He’s head of research at Manhattan Venture Partners.

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Spike in COVID-19 cases threatens US economy | Money Talks

on June 25, 2020

Two months after COVID-19 cases peaked in the US, new infections are once again reaching record levels. The rapid spread of the disease is prompting inter-state travel restrictions and business closures in the worst-affected areas. Some governors are also halting plans to further ease lockdown measures, and that’s raising the toll on the economy. Mobin Nasir reports. For more on this, we were joined by Santosh Rao in Princeton, New Jersey. He’ s head of research at Manhattan Venture Partners.

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Coronavirus pandemic devastates sharing economy | Money Talks

on May 6, 2020

Airbnb is laying off 25 per cent of its workforce and trimming down its business as the coronavirus outbreak devastates demand. It’s a sharp change in fortunes for the company that was recently valued at $31 billion and planned an IPO this year. Social distancing is also affecting other sharing economy companies, and as Mobin Nasir reports, some of them may never recover. For more on this, Manhattan Venture Partners’ head of research Santosh Rao joined us from Princeton, New Jersey.

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Trump proposes cash handouts for millions of Americans | Money Talks

on March 18, 2020

In the United States, President Donald Trump is pushing Congress to sign-off on a one-trillion- dollar stimulus package aimed at averting an economic crisis caused by the coronavirus outbreak. As the death toll and number of cases rises, the impact of the pandemic is being felt by millions of Americans. In order to help those facing hardship, the Trump administration is proposing cash handouts to Americans as well as support for industry. Sally Ayhan reports. For more on this, Santosh Rao joins us from Princeton, New Jersey. He’s the head of research at Manhattan Venture Partners.

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