Situational awareness: Adobe has bought Allegorithmic, the maker of Substance 3D tools, to extend its offerings for makers of immersive gaming and entertainment experiences.
Don't forget: Login may only come out once a day, but you can get your Axios tech fix at any time.
Illustration: Sarah Grillo/Axios
For newly emboldened progressive Democrats, Amazon has become a powerful symbol of economic inequality — and a potential target, Axios' David McCabe reports.
Why it matters: The company already shows up in fundraising appeals, legislative rollouts and critical Twitter threads — and looms over the 2020 campaign trail — despite its popularity with consumers.
Driving the news:
The big picture: Democrats are gravitating towards the argument that big corporations like Amazon have benefited from their innovations — in Amazon’s case, a delivery network that brings consumers an endless variety of goods quickly and cheaply — while working people have paid a high price.
Beyond Sanders, Amazon’s critics include many of the other Democrats planning or contemplating 2020 presidential runs, like...
Yes, but: Amazon polls very well. Democrats recently told Georgetown University researchers that they had more confidence in the company than any other institution, including universities, the military, Google and the FBI.
The bottom line: The progressive left is ascendant, thanks in part to an argument that big companies have delivered big wins to a small fraction of society while leaving everyone else behind.
"Those kinds of schisms, people often want to avoid them, but sometimes something comes along and forces everyone to pick a team, and Amazon is that.”— Anand Giridharadas, author of "Winners Take All"
Go deeper: David has more here.
Education and technology were the central topics yesterday for Apple, Google and Microsoft, as they prepped for BETT, a key education trade show in London.
Schools are a key market both because of the large numbers of devices sold and because they help create brand preferences in a new generation of consumers.
An Oracle office in Bozeman, Montana. Photo: Ann Hermes/The Christian Science Monitor via Getty Images
Oracle allegedly saved $401 million over 4 years by systematically underpaying women and minority employees, the U.S. Department of Labor said in a new filing Tuesday as part of its ongoing lawsuit against the tech giant. Oracle declined to comment.
The bottom line: Silicon Valley may have a reputation for meritocracy, but recent scrutiny of the big companies' significant pay gaps is a reminder that tech is not immune from management biases common in other industries.
The Labor Department charge, reported in Wired, echoes an independent analysis of Oracle pay data filed in a private lawsuit on Friday, which alleges the company underpaid women compared with male counterparts by more than $13,000, Axios' Kia Kokalitcheva reports.
How it works: Lawsuits such as these, as well as a similar ones filed against other big tech companies, highlight the subtle, nearly invisible tactics that can make it difficult for employees to bridge the pay gap.
Separately, Citigroup released new data last week about its employees that showed women make 29% less than men, and people of color make 7% less than white employees in the U.S.
Meanwhile, the filing comes the same day that Intel said that it has eliminated its gender pay gap globally, including with regard to stock-based compensation.
The bigger picture: The tech industry's pay gap isn't limited to wages. As a recent study found, women also hold much less equity in startups, which is how most tech successes bring fortunes.
Viacom announced yesterday it's buying Pluto TV — one of the fastest-growing free, ad-supported TV streaming services in the U.S. — for $340 million in cash.
Why it matters, per Axios' Sara Fischer: It's the latest digital technology company that Viacom has acquired over the past year to bring its brand, which consists mostly of legacy TV networks, into the digital future.
Details: Pluto TV is a standalone app that has distribution deals across most streaming TV devices and a number of leading smart TVs.
Pluto TV will get reach and resources for better growth. Pluto TV has a large network of content partners that includes major TV networks and film studios, but its core app users are much smaller than Viacom's — which consist mostly of pay TV subscribers, as well as digital streaming and social audiences.
Viacom will receive digital streaming distribution and leverage for distribution deals with pay TV providers. Its digital streaming footprint will expand to Pluto's 12 million+ monthly active users, 7.5 million of which are on connected TVs — good for both audience development and getting more use out of its content library.
The big picture: Free digital, ad-supported streaming TV companies are growing as consumers face saturated budgets for subscription content.
Go deeper: Viacom's quiet M&A strategy
Check out what happens when it freezes at Niagara Falls.