The bipartisan legislation marks Congress's most significant push to date to rein in Silicon Valley, in some cases taking direct aim at tech giants' underlying business models. If successful, the legislation could force Google to stop promoting YouTube in its search results, or prohibit Amazon from selling products on its marketplace that compete directly with third-party seller listings.
Roku, the streaming device maker that competes with several of the largest tech companies, said Friday that an"aggressive set of reforms is needed to prevent a future where these monopolists further abuse consumer choice and hamper access to innovative and independent products."Tech industry advocates say the proposed bills would lead to dramatic changes for consumers.
God Bless America!
Facebook just suspend my account for 30 days for speaking the truth. I demand that they pay me a million dollars a day for violating my freedom of speech and freedom of religion.
woye1 Why are they now angry when Nigeria is trying to do same ?
They should have paid them off like WalMart heirs
That's a bit stringent no? I mean doesn't this go against your capitalist model? Sounds like Amerikkka is introducing a bit of socialism in there 👏🏾👏🏾👏🏾 I'm just saying 🤷🏾♂️ While these laws may be applicable in the U.S. these are global companies with larger durisdictions
Controlling those tech giants won't be that easy,as a matter of fact they have dominated the world market.
They just need to stop censoring content
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House Democrats unveil bills to rein in Silicon Valley giants — opening rift among RepublicansThe antitrust bills target the empires of companies like Apple, Amazon, Facebook, Google and potentially Microsoft. Wait ....the same Republicans that were livid at twitter and Facebook for banning their Daddy are now upset . Classic Cult45 .
Source: politico - 🏆 381. / 59 Read more »
Capital Calls: Grab SPAC, Tech IPO scepticismConcise views on global finance: The Southeast Asian ride-hailing-to-delivery group’s first-quarter numbers suggest it’s lagging its own expectations; and shares in French digital music label Believe fall 13% on their market debut.
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Ad spending surge makes Big Tech biggerGet ready for even more ads in your social media feeds. GroupM, the media investment arm of WPP, revised its 2021 forecast for how much companies will spend on advertising in the United States and is now expecting growth of 22% year-over-year versus the prior 15% increase. Excluding political campaigns, the total $276 billion ad haul is $37 billion more than what was spent in 2019.
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Virginia Tech football player accused of killing Tinder match after discovering his date was a manA suspended Virginia Tech football player is accused of killing Tinder match after discovering his date was a man, prosecutors say. I'm surprised no one is talking about the age difference. Perpetrator is 18. Victim is 40. 22 year age difference. I don't condone violence, but the victim should have told the 18 year old he was male. This 18 yr old had sex on a first date with his Tinder match then weeks later found that his Tinder match was a man so he killed him. I have questions. In my little town we have a millage for sports facilities, but the administration forgot to operating money on the ballot. Because sports is such a character builder. This guy is out on bail because a football player beating someone to death “isn’t a threat to society.” JFC
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Rearview Reflections: A Look Back at the Week’s Big Media/Tech NewsNew VIP+ Analysis: Big media/tech news just keeps on coming — so what were the hottest stories percolating this week? We make our picks! 📲⌚️
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Democrats launch their plans to take down Big Tech – and Republicans are on boardHouse Democrats unveiled their antitrust package today introducing five bills aimed at reining in some of the nation's largest tech companies Bunch of people who have probably not created one thing in life and does not understand technology and how these technology giants have made America Great are all set to destroy innovation and progress.
Source: politico - 🏆 381. / 59 Read more »