U.S. Senator, Amy Klobuchar (D-MN), now the lead Democrat on the Judiciary Subcommittee on Antitrust, Competition Policy and Consumer Rights, introduced sweeping new legislation late last week “to reinvigorate America’s antitrust laws and restore competition to American markets,” a statement from her office said. The Competition and Antitrust Law Enforcement Reform Act will give federal […]
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Google is contemplating developing an Android version of Apple’s upcoming App Tracking Transparency update, which is a newly planned opt-in requirement the iPhone maker will force on developers to ask permission from iPhone users before tracking their data. The news – first brought to light by Bloomberg – highlights the increased spotlight placed on online […]
Popular online trading platform Robinhood said Monday that it has lined up $3.4 billion to help meet its funding requirements amid a spike in trading on Wall Street fueled by small investors driving up shares in GameStop and other stocks. The funds are being provided by Ribbit Capital and several other venture capital firms, including […]
It’s a fable for our times: Small-time investors band together to take down greedy Wall Street hedge funds using the stock of a troubled video-game store. But the revolt of online stock-traders suggests much more. The internet is shifting society’s balance of power in unanticipated ways. And the same tools that empower the little guy […]
Apple CEO Tim Cook fired off a series of thinly veiled shots at Facebook and other social media companies Thursday, escalating an online privacy battle pitting the iPhone maker against digital services that depend on tracking people to help sell ads. “Too many are still asking the question ‘how much can we get away with?’ […]
Many of Big Tech’s expected future regulatory challenges are a result of their own making – as in the case of Facebook, Google, and Amazon. These companies are being charged by some countries with monopolistic tendencies, prompting some of the regulators in states to send warnings to these firms so they can get their act […]
As 2020 is finally drawing to a close, it’s time for us to turn the spotlight onto next year. In terms of trends, 2021 is shaping up to be a hugely positive year for the games market, which will start to return to normalcy after an exceptional growth period. In the coming weeks, we’ll publish […]
Gaming has changed significantly over the years; and massively so during the novel COVID-19 pandemic. Not many industries can look back at 2020, wipe the blood, sweat, and tears off their faces and say “okay, the worst is behind us.” Even less so, are the industries that didn’t just survive during a bustling year full […]
E-commerce workers who kept China fed during the coronavirus pandemic, making their billionaire bosses even richer, are so unhappy with their pay and treatment that one just set himself on fire in protest. China’s internet industries already were known for long, demanding days. With millions of families confined at home, demand surged and employees delivered […]
Shares of social media and other tech companies slid Monday, hit by fallout from the siege on the U.S. Capitol by supporter of President Donald Trump. Twitter’s stock ended the day down 6.4% after the company on Friday permanently shut down Trump’s account, @realDonaldTrump, which had 89 million followers. The social network cited concerns the […]