JPMorgan Chase has developed an e-wallet for Airbnb, Amazon, Lyft and the like, to allow them to offer customers virtual bank accounts, car loans and home rental discounts. In doing so, these online marketplaces and gig economy companies will end up spending less on payment processing fees to third parties — including JPMorgan. That might sound counterintuitive, but the catch is that the companies can only avail themselves of the offerings if they let JPMorgan handle all the payment processing and cash exchanges. Read more

In 2020, Amazon will open a new branded grocery store in Woodland Hills, California, a suburb in the Los Angeles San Fernando Valley. The company is reportedly planning additional stores in Chicago, Los Angeles and Philadelphia. Amazon stated it will feature traditional checkouts, rather than Amazon Go cashier-less technology. Amazon currently owns Whole Foods, with 500 stores, purchased for $13.2 billion in 2017 and Amazon Go, and offers grocery delivery through Amazon Fresh, its website and Prime Now. Read more

T-Mobile plans to debut its U.S. 5G service on December 6, with a low-frequency 600MHz radio signal and 5G-capable devices to provide high-speed service to 200 million customers. The carrier has been building out its 5G capabilities for over a year and expects to be able to cover 5,000 cities and towns by the end of 2019. Samsung Galaxy Note10+ 5G and OnePlus 7T Pro McLaren are the two devices customized for T-Mobile’s 5G network. China, meanwhile, rolled out the world’s largest 5G network, via three state-owned carriers. Read more

Many public figures have called for the breakup of leading technology companies, but the European Commission’s head of competition Margrethe Vestager is not one of them. She stated that breaking up such companies should be a remedy if it’s “the only solution to [their] illegal behavior.” “We don’t have that kind of case now,” she said, although she didn’t exclude a future possibility. In the U.S., conservatives and libertarians, who often oppose antitrust measures, are also pushing back against the move to break up Big Tech. Read more

On November 13, Twitter is launching Topics, a feature aimed at new or intermittent users that allows them to follow more than 300 subjects. By following a topic, the user will see tweets from experts in that arena. Twitter began testing the feature on Android in August. Topics team lead Rob Bishop noted, “the main reason that people come to Twitter is to keep up on the things that they’re interested in … [but] the challenge is it’s really quite difficult to do that on Twitter day to day.” Read more