The Government’s Struggles With Outsourcing Software Development

Relative to the 496 billion Canadian dollars the federal government spent last year, the amounts are small. But this week’s revelations surrounding millions of dollars in potentially fraudulent billings by subcontractors, along with the continuing ArriveCAN app scandal, show what a big mess developing software can be for the government. Even after an extensive investigation,…

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The Trustbuster Who Has Apple and Google in His Sights

Shortly after Jonathan Kanter took over the Justice Department’s antitrust division in November 2021, the agency secured an additional $50 million to investigate monopolies, bust criminal cartels and block mergers. To celebrate, Mr. Kanter bought a prop of a giant check, placed it outside his office and wrote on the check’s memo line: “Break ’Em…

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With TikTok Under Fire, Brands That Rely on It Worry

Amid debate in Washington over whether TikTok should be banned if its Chinese owner doesn’t sell it, one group is watching with particular interest: the many brands — particularly in the beauty, skin care, fashion, and health and wellness industries — that have used the video app to boost their sales. Youthforia, a makeup brand…

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Reddit Rises 48% in First Day of Trading

Reddit shares rose 48 percent on Thursday in their first day of trading, in a sign of investor eagerness that set the stage for more tech companies to reach the stock market this year. Shares of the social media company began trading on the New York Stock Exchange at $47 after pricing at $34 on…

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U.S. Sues Apple, Accusing It of Maintaining an iPhone Monopoly

The Justice Department and 16 state attorneys general filed an antitrust lawsuit against Apple on Thursday, the federal government’s most significant challenge to the reach and influence of the company that has put iPhones in the hands of more than a billion people. The government argued that Apple violated antitrust laws by preventing other companies…

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