In its first significant action under a new director, the Consumer Financial Protection Bureau is ordering Apple, Amazon, PayPal and other tech giants to reveal how their proprietary payment networks function. Apple Pay, Google Pay and other payment systems created by big tech companies now dominate large portions of e-commerce and person-to-person payments. CFPB Director […]
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The ruling Communist Party is tightening political control over China’s internet giants and tapping their wealth to pay for its ambitions to reduce reliance on U.S. and European technology. Anti-monopoly and data security crackdowns starting in late 2020 have shaken the industry, which flourished for two decades with little regulation. Investor jitters have knocked more […]
Back in 1822, Charles Lamb, British poet and essayist wrote in a letter to poet William Worsworth “You don’t know how wearisome it is to breathe the air of four pent walls without relief, day after day,” describing the agony he faces while working in the East India Company’s office located in the heart of London’s Leadenhall Street. It’s safe to say Lamb would’ve […]
Federal Trade Commission (FTC) Chair Lina Khan recently publicized her policy priorities and vision in a memo that was sent out to staff members on Wednesday. Supervised by five commissioners who vote on enforcement actions and policy statements, Khan set in stone the main priorities of the agency in the recent FTC memo: fixing power imbalances, reducing harm on the consumers, and […]
Tech giants know this scenario all too well; employee-activists accuse the company of attempting to impose harsh rules in the workplace, and the same employees get booted out. However, things are quickly taking a surprising shift, as this time, the law began taking notice. Google recently came to an agreement with a recently let-go employee […]
A House committee investigating the Jan. 6 U.S. Capitol insurrection has requested that telecommunications and social media companies preserve the personal communications of hundreds of people who may have somehow been connected to the attack. It’s a sweeping public demand from Congress that is rare, if not unprecedented, in its breadth and could put the […]
A deadly virus on the loose and a global lockdown, scenarios only seen in Sci-Fi movies, quickly became a reality to most of humanity. Naturally, several industries took a major blow, as life was on pause indefinitely. Luckily, technology doesn’t stop for anyone. The tech industry continued to develop, even after outbreaks overwhelmed countries. The rate in which technological […]
U.S. Department of Homeland Security revealed on Thursday plans to foster Big Tech giants’ support to strengthen cybersecurity measures, preceding a sequence of high-profile attacks on security infrastructure. In its latest endeavor to secure its infrastructure, U.S. authorities are incorporating Amazon, Microsoft, and Google to reinforce the state’s cybersecurity. Join Cyber Defense Collaborative (JCDC) is […]
An assemblage of China’s biggest tech companies has cooperatively signed on Tuesday an antitrust ‘self-discipline’ agreement with Beijing’s expanding regulatory pressure on Chinese tech firms. E-commerce platform Alibaba Group, Tencent, and TikTok’s parent company ByteDance are amongst 33 Chinese tech companies that have voluntarily signed an agreement of self-discipline amidst Beijing’s regulation rise on Big Tech companies. Some of China’s biggest and most dominant tech […]
EU lawmakers at the European Parliament aims to navigate the debate on tough new rules targeting Facebook, Google, and other big tech companies to secure support to Europeans’ fundamental rights. In December of last year, the European Commission (EC) suggested the Digital Service Act (DSA) that will oblige Big Tech companies to go the extra […]