Break up Big Tech? How about shrinking the tech companies’ shield against liability in cases where the content they push to users causes harm? Or creating a new regulator to strictly oversee the industry? Those ideas have captured official attention in the U.S., Europe, U.K. and Australia as controversy has enveloped Facebook — which on […]
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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 […]
On Thursday, a bipartisan entity of senators revealed plans to welcome a nondiscrimination bill as pressure rises on the U.S. Senate to legislate a new set of laws prohibiting tech platforms from preferencing the company’s commodities and services over their rivals. After months of negotiations and hearings, the Senate has finally spoken, and its latest […]
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 […]
Microsoft’s accommodations to President Joe Biden’s executive order to hinder cyberattacks on the U.S. will support public and private sectors in establishing the right infrastructure for a bolstered up Zero Trust network security model. After a full year of ransomware and supply chain attacks, Microsoft is one of 18 cybersecurity firms selected to work in […]
The Chinese government revealed on Wednesday a five-year plan sketching the state’s scheme to strengthen its regulation grasp on much of its economy. The documentation, referencing Chairman Mao, came as a follow-up to Beijing’s recent regulations wave targeting the nation’s various industries and sectors. Beijing’s plan clarifies that additional rules will be endorsed to empower […]
Softbank dropped $5 billion worth of publicly listed shares through its SB NorthStar trading unit of four tech giants during its first quarter, the Japanese conglomerate revealed in a financial report released on Tuesday. Back in 2020, the Tokyo-based multinational company vastly invested in social networking platform Facebook, Google’s parent company Alphabet, popular streaming service […]
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 […]
Late on Wednesday, Xinhua News Agency reported that China’s latest regulations against tutoring for profit and Big Tech is beneficial to the country’s growth as it stiffens its commitment to expand its capital market, leading to a share plunge in education firms. China’s latest attempt to ease financial pressure on families that support low birth […]
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 […]