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UK to launch new watchdog next year to police tech giants

By KELVIN CHAN AP Business Writer LONDON (AP) — Britain plans to create a new watchdog to police big tech companies including Google and Facebook to counter their market dominance and prevent them from exploiting consumers and small businesses. The U.K. government said Friday that it’s setting up a “Digital Markets Unit” next year to […]

EU plans new rules giving Europeans more control of data

The European Union is laying out new standards for data giving Europeans more control over their personal information as it seeks to counter the power of U.S. and Chinese tech companies. The EU’s executive Commission on Wednesday proposed new rules on the handling of data that would aim to give people, businesses and government bodies […]

BuzzFeed buying HuffPost from Verizon for undisclosed price

BuzzFeed is buying HuffPost from Verizon as part of a bigger deal that has the wireless giant investing in the digital-media company. BuzzFeed and Verizon did not disclose terms of the deal. Verizon will be a minority shareholder in BuzzFeed and the two companies will partner on content and ads. A downturn in advertising due […]

MoneyFest 2020: FinTech partnerships important for digital growth

When sitting down to attend MoneyFest 2020, one cannot miss the level of sophistication the webinar offered; it was similar to watching a high production financial show that stretched out for days, allowing a seamless level of connectivity between the speakers and attendees. Hosting a plethora of experts, executives, and tech gurus from around the […]

Tech companies take more action to curb climate change

Several of Europe’s top tech companies have teamed up with Leaders for Climate Change, a Berlin-based climate change non-profit bringing together various entrepreneurs from Germany’s startup ecosystem.  The companies brought together under this initiative are the likes of idealo, Delivery Hero, BlaBla Car, Wefox, Doctolib, Ecosia, GetYourGuide, Flixbus, Glovo, Cabify, Personio and major VC funds […]

Did social media actually counter election misinformation?

Ahead of the election, Facebook, Twitter and YouTube promised to clamp down on election misinformation, including unsubstantiated charges of fraud and premature declarations of victory by candidates. And they mostly did just that — though not without a few hiccups. But overall their measures still didn’t really address the problems exposed by the 2020 U.S. […]

Pennsylvania emerges as online misinformation hot spot

A single voting machine jammed for just minutes Tuesday morning at a precinct in Joe Biden’s hometown of Scranton, Pennsylvania — but misleading posts on Facebook and Twitter claimed multiple machines there were down for hours. Pennsylvania emerged as a hot spot for online misinformation on Election Day. Facebook and Twitter scrambled to take down […]

Google ad costs, not its alleged monopoly, irks businesses

NEW YORK (AP) — When asked about Google, Bryan Clayton voices a familiar lament among small business owners. “You keep getting squeezed further and further down the search results page,” says Clayton, CEO of GreenPal, a company that operates an app to help homeowners find lawn care. “As a startup, you don’t have a million-dollar […]

Harris target of more misinformation than Pence, data shows

CHICAGO (AP) — Long before Democratic presidential nominee Joe Biden announced her as his running mate, Kamala Harris was the target of widespread online misinformation. Social media posts included racist claims that she was ineligible to serve in the White House or that she was lying about her Black and Indian heritage. Her mother is […]

3 social media CEOs face grilling by GOP senators on bias

The CEOs of Twitter, Facebook and Google are facing a grilling by Republican senators making unfounded allegations that the tech giants show anti-conservative bias. The Senate Commerce Committee has summoned Twitter CEO Jack Dorsey, Facebook’s Mark Zuckerberg and Google’s Sundar Pichai to testify for a hearing Wednesday. The executives agreed to appear remotely after being […]