About
NetChoice is a trade association fighting for free speech and free enterprise online. This page is a new education project of NetChoice’s.
The goal of our Tech Competition webpage is to show how the abundance of competition in the tech industry benefits consumers through new exciting services, and market signals pushing businesses to constantly innovate and improve their offerings to their customers. We’ll keep this page updated frequently with news and facts that highlight the prevalence and impact of vigorous competition in U.S. tech markets.
If you have any further questions, please visit NetChoice.org/contact-us.
Posts
Tech Competition is Helping Americans. Here's How.
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Thursday • May 8, 2025
Product Innovation and Services Growth Drove Yelp’s First Quarter 2025 Results
Net Revenue Increased by 8% Year Over Year to $359 Million
“Our first quarter results demonstrate the strength of our services business and the progress we’ve made against our product roadmap,” said Jeremy Stoppelman, Yelp’s co-founder and chief executive officer. “Services revenue increased by 14% year over year in the first quarter, achieving the 16th consecutive quarter of double-digit growth, and we continued to see momentum in our product-led strategy. We recently rolled out 15 new features and updates to enhance the consumer experience and help businesses manage their operations more efficiently. Looking ahead, we’re excited about the lineup of AI advancements on our roadmap that will further transform the Yelp experience and streamline operations for local businesses. We believe that these efforts will unlock new opportunities for growth and enable us to deliver long-term value to our shareholders.”
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Wednesday • February 12, 2025
Adobe launches AI video tool to compete with OpenAI
Adobe Said the Service Will Generate Five-Second Clips at 1080p Resolution
Adobe on Wednesday released the first public version of an artificial intelligence tool that can generate video clips and revealed how much it will charge, but said it will not set pricing for major users such as studios until later this year.
The Firefly Video Model, as Adobe is calling the service, will compete against Sora, a model developed by ChatGPT creator OpenAI, and startup Runway, both of which currently offer video-generation services. Facebook owner Meta Platforms has also developed a video-generation AI model but has not given a timeline for when it will be released. -
Monday • January 20, 2025
X Rolls Out Vertical Video Tab
X Users Will Now Have a Specific Section for Video Viewing
X is launching a dedicated vertical video feed, in line with other social media platforms.Elon Musk’s social-media company is looking to introduce new features that are similar to TikTok — which experienced temporary unavailability for all 170 million U.S. users on Sunday, January 19 due to a new law banning the app in the region.
“An immersive new home for videos is rolling out to users in the US today,” X posted on its platform this past Sunday, referencing a new video tab in the app’s bottom bar meant to help users in the region seamlessly access video content in the app.
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Monday • January 20, 2025
Instagram unveils Edits, a video editing app to rival CapCut
CapCut Was Removed From U.S. App Stores This Weekend Due to a Ban
Instagram has announced Edits, a free video editing app that sounds a lot like CapCut. In a video posted to Threads on Sunday, Instagram head Adam Mosseri described Edits as a “full suite of creative tools,” and briefly ran through its planned features.
“There will be a dedicated tab for inspiration, another to keep track of any early ideas you might have, a much higher quality camera which I used to record this video, all the editing tools you’d expect, the ability to share drafts with friends and other creators, and, if you decide to share your videos on Instagram, powerful insights on how those videos do,” Mosseri wrote.
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Tuesday • January 7, 2025
Getty Images, Shutterstock gear up for AI challenge with $3.7 billion merger
The Deal Could Generate Up To $200 Million in Cost Savings Three Years After its Close
Getty Images (GETY.N), opens new tab said on Tuesday it would merge with rival Shutterstock (SSTK.N), opens new tab to create a $3.7 billion stock-image powerhouse geared for the artificial intelligence era, in a deal likely to draw antitrust scrutiny. The companies, two of the largest players in the licensed visual content industry, are betting that the combination will help them cut costs and grow their business by unlocking more revenue opportunities at a time when the growing use of generative AI tools such as Midjourney poses a threat to the industry.
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Tuesday • January 7, 2025
Roku Grows To 90M Households
Roku’s Stock Market Pricing Could Also See Another Bump
Streaming distribution service Roku is now in 90 million North American households — and is in nearly half of all U.S. broadband households.
Overall, Anthony Wood, founder and CEO, of Roku, in a release says the platform has “more engagement than any other TV OS [operating system] platform in the U.S.” The households consist of homes in the U.S., Canada, and Mexico. The growth overdelivered on one analyst estimate, which expected the company to get to 88 to 89 million homes by the end of the fourth quarter.
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