video transcript

Welcome to -- putting -- -- that's not. I'm Peter Lauria and technology media Telecom editor here Reuters. On today's show running down our list of the four horsemen of the Internet that's apple Google FaceBook and Amazon each one of the big four in the news today. First up the biggest of the four Apple iPhone maker is making headlines today for ongoing patent battle with Samsung. Now yesterday. A US judge rejected Apple's request for a permanent and on Samsung's Smartphones and today. Samsung says it would dropping its lawsuit aimed at banning the sale of apple products and New York. But don't mistake after the two rivals playing nice as Simpson is pressing on with -- court battle for compensation. And we're looking at apple for another reason today. And -- -- chipmaker arm holdings has announced it is launched. A new security standards for Smartphones that can speed up e-commerce transactions. As little as seven seconds. Now that's much faster than the typical two and a half minutes from mobile payments today. Now here's a connection with apple. Arm designs the electronic chips that power Apple's iPhone and I. And earlier this month mobile payment company square -- about the new line of digital gift cards that can be used on iPhone fives passbook. This means arms technology could give apple a huge advantage in the burgeoning mobile payments space which rivals like Wal-Mart and Amazon also trying to develop. Taking a look at shares of apple they're up over two and a half percent. On to another one of -- four horsemen of the Internet which is global goal those in a court battle of its along with Microsoft. The two companies are locked in a dispute over how much Microsoft. Must pay for Google's Motorola video and wide by patents. Outcome is expected sometime next year and could represent -- key shift in the balance of power over ownership of Smartphone and tablet technology for both companies. Now onto the third of the four horsemen which is based. That's social networks newly acquired is the Graham released an updated version of its privacy policy for photos up related by users now essentially. The new terms allow FaceBook to sell access to photos and user information fees and -- Without notifying users -- -- did say it would audience again that it planned to monetize the service. But changes to its privacy policy seem that the analysts. And users alike by surprise and is the grand exit from Twitter had a ready -- abusers and this is certainly not helping matters. It's still. Despite that is based its shares are up over 2% today. And finally our fourth horseman on the Internet Amazon is getting a boost from RBC capital markets -- Sean -- Who raise Amazon's price target to 300 dollars from 250. And up its ratings outperform. At Kim added that Amazon's costly fulfillment sent -- investments could begin to slow and point their team. Which would mean that online retailer could begin to -- benefits from cost savings. Asked equity it is Tuesday and maybe you could follow us on Twitter at RT RS equity. I'm Peter Lauria and this is right.