Plus, Telegram CEO hits back at French charges in first public comments since his arrest. And J.P. Morgan Chase is investigating possible check fraud spurred by TikTok videos. Zoe Thomas hosts.
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[00:00:31] [SPEAKER_00]: Here's your TNB Tech Minute for Friday, Sept. 6. I'm Zoe Thomas for The Wall Street Journal.
[00:00:37] [SPEAKER_00]: U.K. antitrust officials say Google might be stifling competition by favoring its own ad tech services.
[00:00:45] [SPEAKER_00]: The U.K.'s Competition and Markets Authority said a preliminary investigation found that most publishers and advertisers use Google's ad tech services,
[00:00:55] [SPEAKER_00]: which let publishers and advertisers bid for and sell ad space.
[00:00:58] [SPEAKER_00]: Officials are concerned Google is leveraging its position to favor its own services.
[00:01:04] [SPEAKER_00]: Google, which is owned by Alphabet, is already facing scrutiny over its ad tech business in Europe and the U.S.
[00:01:10] [SPEAKER_00]: In a statement, Google's vice president of global ads said the company disagreed with U.K. officials
[00:01:15] [SPEAKER_00]: and that the core of the case rests on flawed interpretations of the ad tech sector.
[00:01:21] [SPEAKER_00]: Telegram founder and CEO Pavel Durov has denied that the messaging app refused to cooperate with European authorities to counter illegal content.
[00:01:30] [SPEAKER_00]: French authorities charged Durov with crimes including complicity in spreading illicit content on Telegram.
[00:01:37] [SPEAKER_00]: In a post on the app, Durov acknowledged the sharp increase in Telegram users had made it easier for criminals to abuse the platform,
[00:01:44] [SPEAKER_00]: but he said it removed millions of harmful posts and channels every day.
[00:01:48] [SPEAKER_00]: These were his first public comments since he was arrested by French authorities at the end of August.
[00:01:54] [SPEAKER_00]: And we're exclusively reporting that JPMorgan Chase is investigating thousands of incidents of possible check fraud committed as part of a TikTok craze.
[00:02:04] [SPEAKER_00]: The bank plans to share the evidence it gathers with police departments around the country.
[00:02:08] [SPEAKER_00]: Videos on TikTok showed a so-called glitch that allowed Chase customers to deposit big checks and withdraw funds from ATMs immediately,
[00:02:16] [SPEAKER_00]: even if there weren't sufficient funds available.
[00:02:19] [SPEAKER_00]: Normally, the bank allows customers to withdraw a portion of deposited checks before they're cleared,
[00:02:24] [SPEAKER_00]: but a technical issue last week allowed customers to withdraw the full amount of a check before it had cleared.
[00:02:30] [SPEAKER_00]: Chase says the issue has been fixed.
[00:02:33] [SPEAKER_00]: It doesn't yet know the full scope of its losses, though it estimates that thousands of people were involved, according to people familiar with the matter.
[00:02:40] [SPEAKER_00]: For a deeper dive into what's happening in tech, check out Monday's Tech News Briefing podcast.