Today's top news and analysis.
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Good morning! This is the tech news you need to know this Thursday. Sign up here to get this email in your inbox every morning. Have an Amazon Alexa device? Listen to this update by searching "Business Insider" in your flash briefing settings. And for the biggest stories in politics, sign up here for 10 Things in Politics You Need to Know Today — launching soon! - Apple settled a lawsuit centered on iPhone throttling. The firm will pay $113 million in a settlement for an investigation into its past practice of intentionally slowing down people's iPhones.
- Facebook launched a new app. The E.gg app enables users to create shareable websites that look like a mixture between a high school locker circa 1995 and a Tumblr page circa 2015.
- Google is redesigning Google Pay. The app includes new budgeting tools and embedded checking accounts with banking partners like Citi.
- Apple is cutting its developer fees. The firm will reduce the commission it takes on App Store in-app purchases, to 15% from 30%, for small developers starting January 1.
- Epic Games compared its Apple fight to the civil rights battle. Epic Games CEO Tim Sweeney characterized his company's actions as "an act of civil disobedience" in a new interview during the New York Times DealBook virtual conference.
- YouTube is pushing a new audio unit. The firm is making a plea to advertisers with new ad formats that take advantage of a growing listenership.
- Pokemon Go is getting a big update. The level cap will rise from 40 up to 50, while also readjusting the experience system.
- Trump will lose his fact-checking protections. Facebook's policies will allow it to start adding fact-checks to posts from President Donald Trump once he has left the White House, a spokesperson told Business Insider.
- Affirm unveiled an IPO filing. The fintech startup was founded in 2012 by PayPal co-founder Max Levchin, and is among a cohort of "buy now, pay later" startups.
- Silicon Valley's elite is tapping out. Entrepreneurs are leaving for more politically diverse and often affordable areas, like Austin, Miami, and Denver.
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