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Photo: Yichuan Cao/NurPhoto via Getty Images

As Qualcomm appeals a landmark antitrust verdict attacking the heart of its business, the briefs from other parties suggest just how high the stakes are.

Why it matters: Qualcomm is highly powerful, to be sure, and has a number of controversial business practices, including its requirement that companies license its patents in order to buy its chips.

  • At the same time, it is also one of the few significant American players in setting standards for 5G and future wireless technologies at a time of growing U.S. concern over Huawei and China's role in that area.

What they're saying:

  • Automakers warn that leaving Qualcomm's power unchecked could mean higher prices for connected cars.
  • Intel, itself accused of antitrust abuses in the past, says even it couldn't take on Qualcomm in the modem business and was forced to sell that unit to Apple at a loss after investing billions.
  • Meanwhile Qualcomm has a host of large players backing its side, including large patent holders such as Dolby and Nokia, but also the U.S. Department of Justice, which argues the court erred in siding with another arm of the government — the Federal Trade Commission, which brought the antitrust action.

Go deeper: Texas and Nevada exit T-Mobile-Sprint lawsuit

Go deeper

Felix Salmon, author of Capital
2 hours ago - Technology

Facebook's scandals have been great for shareholders

Expand chart
Data: YCharts; Chart: Axios

Facebook has been embroiled in scandal for the past five years, and while the specific allegations change over time, a central theme is constant. Given the choice between commercial and moral imperatives, Facebook always seems to choose the option that is best for the share price.

Why it matters: Facebook's stock chart supports that narrative. Since the 2016 scandals alleging that the social network was infiltrated by foreign actors trying to influence the outcome of democratic elections, Facebook's revenues — and its stock — have been soaring.

Biden to tap telecom trio for NTIA, FCC posts

Jessica Rosenworcel. Photo: Bill Clark/CQ Roll Call

President Joe Biden on Tuesday is expected to name Alan Davidson as head of the telecom arm of the Commerce Department, Jessica Rosenworcel as chairwoman of the Federal Communications Commission and Gigi Sohn as a commissioner at the FCC, according to a person familiar with the process.

Why it matters: Internet availability and affordability has been a key policy priority for the White House, but the administration lagged in tapping people for the agency posts that oversee the issues.

3 hours ago - Technology

Facebook seeks fountain of youth

Data: Piper Sandler Taking Stock With Teens Study; Chart: Axios Visuals

Facebook CEO Mark Zuckerberg on Monday said that the company is pivoting its strategy to focus on young adults, following reports that teens have fled its apps.

Why it matters: A series of stories based on leaked whistleblower documents suggest the company sees the aging of its user base as an existential threat to its business.