Facebook vice president of global affairs Nick Clegg warned antitrust regulators that data is not a simple resource that can be easily monopolized but a more complicated commodity that can be shared and kept simultaneously. He urged officials to “relinquish” the idea that data is a finite resource that can be used in finite ways. Facebook and Google are facing scrutiny by the U.S. Justice Department, Federal Trade Commission and European Commission. Meanwhile, Facebook is also testing a data portability tool. Read more

Senate Commerce Committee chair Roger Wicker (R-Mississippi) proposed draft legislation that he said will support tough protections for consumer data and address the concerns of Democrats. Last week, Senator Maria Cantwell (D-Washington), the Committee’s top Democrat, proposed a data privacy law. The idea, Wicker continued, is to create a national privacy law that will override state privacy laws passed by California and other states. He and others believe state laws will create an unwieldy patchwork. Read more

On December 10, the Entertainment Technology Center at USC will hold a symposium on “5G: Planning and Piloting First M&E Services.” Digital Town Square producer Rochelle Winters said the event will highlight 5G’s transformative potential, the first tests and trials of 5G-enabled enhancements such as AR overlays and immersive content, the benefits of edge computing, and the build-out of private and site-specific 5G networks. The symposium will also look into the future of 5G capture, content and services. Read more

Online sales boomed this Thanksgiving holiday weekend, with record-breaking $4.2 billion in purchases on Turkey Day, followed by $7.4 billion spent on Black Friday. Although this was a new high — up $1.2 billion from last year’s Black Friday — it didn’t meet Adobe Analytics’ prediction of $7.5 billion. Salesforce reported $7.2 billion in sales, even lower than Adobe’s numbers. Of those numbers, $2.9 billion in sales were conducted on smartphones that day. Top-selling electronics included Apple laptops, AirPods and Samsung TVs. Read more

Amazon debuted a second-generation processor chip for its Web Services data center that relies on technology from Arm Holdings, owned by SoftBank Group, according to sources. The new chip is expected to be 20 percent faster than the first generation Arm-based chip, dubbed Graviton, which was released in 2018 as a less expensive option for lighter computing jobs. If this second-gen chip proves as powerful as sources claim, AWS could rely less on Intel and Advanced Micro Devices for their server chips. Read more