Big Tech backlash kicks into gear with antitrust moves

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

WASHINGTON: The backlash against Big Tech moved into a new phase on Monday (Sep 9) as officials from nearly all US states announced an antitrust ...

WASHINGTON: The backlash against Big Tech moved into a new phase on Monday as officials from nearly all US states announced an antitrust investigation into the dominance of internet giant Google.

"What we've all learned is that while many consumers believe the internet is free? the internet is not free," Paxton told a news conference in front of the US Supreme Court. The probe is being backed by 48 states - with only California and Alabama absent - and joined by Puerto Rico and the federal District of Columbia, and officials stopped short of calling for any specific remedies such as a breakup - which some Google critics have called for.

Google is by far the largest online search engine and captures nearly 75 per cent of search-related online ads in the US, according to eMarketer.Christopher Sagers, a Cleveland State University professor of antitrust law, said it was potentially"very significant" to see the state coalitions working on antitrust.

Facebook offered no immediate comment, but in the past it has claimed it is not a monopoly and that consumers have many choices for how to connect with people online.The antitrust actions come against a backdrop of declining public trust in big online firms, and fines levied against Facebook and Google over privacy violations.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Explainer: Big tech probes could break up firms, result in huge fines, or neitherThe potential penalties for several wide-ranging investigations into whether Facebook, Google and other big U.S. tech companies used their market ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

US states launch antitrust probe of big tech; Google ads in focusAttorneys general from 48 U.S. states, the District of Columbia and Puerto Rico have opened an antitrust probe into big tech companies that ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

US states launch antitrust probe of big tech, Google ads in focusWASHINGTON (REUTERS) - Attorneys general from 48 US states, the District of Columbia and Puerto Rico have opened an antitrust probe into big tech companies that focuses on Alphabet's Google, Texas Attorney General Ken Paxton formally announced on Monday (Sept 9).. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Jack Ma exits as China tech 2.0 unease sets in[HONG KONG] Jack Ma's exit ushers in a nervous new era for Chinese tech. The charismatic co-founder of the US$460 billion-plus Alibaba will step down from his chairman role when he turns 55 on Tuesday. His exit comes as Beijing tightens its grip on fellow bosses like Tencent's Pony Ma, who must also grapple with a slowing economy. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Jack Ma to exit as Alibaba chairman, ushering in uneasy new era for China techHONG KONG (REUTERS) - Jack Ma's exit ushers in a nervous new era for Chinese tech. The charismatic co-founder of the US$460 billion-plus Alibaba will step down from his chairman role when he turns 55 on Tuesday (Sept 10). His exit comes as Beijing tightens its grip on fellow bosses like Tencent's Pony Ma, who must also grapple with a slowing economy.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Wall Street ends flat as tech, healthcare flounderU.S. stocks ended flat on Monday as increased expectations of stimulus from central banks around the world were offset by losses in technology and ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »