Today's top news and analysis.
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Good morning! This is the tech news you need to know this Wednesday. 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. - The Senate Committee held its first hearing on the SolarWinds hack. The hearings signaled how the nation will move forward from what senators and executives speculated may be the largest cyberattacks in history – including new legislation, a potential new federal agency, and new ways of pushing back against foreign adversaries.
- Microsoft allied with European publishers. Microsoft teamed up with four publisher lobbying groups in Europe to push for new legislation targeting tech giants.
- Exclusive: We analyzed startup coverage and PitchBook data to determine the startups that we believe are headed for success. From open source code startups to AI revolutionaries, here are the 47 enterprise startups to watch — and bet your career on.
- Square bought $170 million in bitcoin. The company said it bought 3,318 bitcoins, according to CNBC.
- Trump appealed to Facebook's Oversight Board. The Oversight Board, a team of 20 experts from around the world, is reviewing the tech company's decision to permanently suspend his account.
- Elon Musk took a potshot at Jeff Bezos. After the Bezos-owned Washington Post reported a critical story on Musk's management, the billionaire responded to the newspaper by referring to Bezos as its "puppet-master."
- Exclusive: The cofounder of mental health startup Modern Health is suing the remaining cofounder and one of its investors. We took a deep dive into how the relationship between the two founders fell apart.
- Exclusive: Saudi-backed Babylon Health has hired ex-Amazon and Google execs for a US push. The $2 billion digital health startup has been widely criticized in the UK, but is targeting Medicaid customers in the US via partnerships with insurance providers.
- VC firms are launching SPACs. Investors want to buy out firms they have a stake in, which could raise potential conflicts of interest.
- Uber's major Supreme Court defeat shows tech firms can't get creative about employment law. Regulators and judges are not willing to accept that platforms cannot be employers, despite what their contracts with drivers state.
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