Big Tech is in the spotlight on Capitol Hill this week as lawmakers are set to grill giants like Facebook and Google in multiple hearings. On Tuesday, July 16, lawmakers will hold the first hearing on Libra (Facebook’s cryptocurrency offering), four big tech companies will go before a House antitrust panel, and a Senate Judiciary […]
The Justice Department official expected to lead an antitrust investigation into Google’s business practices says he favors taking a broad view of whether Big Tech dominance is harming innovation, product quality and consumer choice. Makan Delrahim, a 49-year-old assistant U.S. attorney general, has been in the spotlight since The Wall Street Journal reported May 31 […]
Bill Gates says the US government must step up its regulation of big tech companies, reported CNN. “Technology has become so central that governments have to think: What does that mean about elections? What does that mean about bullying? What does it mean about wiretapping authorities that let you find out what’s going on financially […]
Get ready for the opening act of a what may be long-running show – focused on antitrust and on Big Tech. The House Judiciary Committee had its first hearing June 11, as part of a series, focused on anticompetitive behavior among online companies. The hearing will focus on the way the news media has been […]
President Donald Trump thinks “obviously there is something going on in terms of monopoly” regarding major tech companies like Facebook, Google, and Amazon, he said during an interview with CNBC’s “Squawk Box” on Monday, June 10. Initially asked if he thought Facebook, Google, and Amazon are too big now and should be broken up, Trump […]
International Monetary Fund Managing Director Christine Lagarde issued a warning over the weekend about the impact artificial intelligence may have on the financial system across the globe. Reuters reported Lagarde said that technology companies’ use of big data and AI increases big tech companies’ dominance in the mobile payments market, which could result in policymakers […]
NPR’s Ari Shapiro speaks with Rep. David Cicilline (Democrat – Rhode Island) about Congress’ announcement that it will begin investigating top tech companies to determine if they violated antitrust regulations. Full Content: NPR Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
The House Judiciary Committee announced Monday, June 3, it is launching a “top-to-bottom” antitrust investigation of the tech industry, including Amazon, Apple, Facebook, and Google, deepening a crisis for Silicon Valley’s largest players as they face mounting scrutiny in Washington over their power and influence. The Democratic-led investigation comes as the Justice Department and the […]
The Dutch government reiterated a European desire for tougher rules for big technology companies like Apple and Google to acquire small competing startups, reported Bloomberg. Mona Keijzer, the Dutch State Secretary for Economic Affairs and Climate Policy, has proposed implementing three measures on a European level to prevent large technology companies from becoming too dominant, […]
Elizabeth Warren’s call to break up giant tech companies like Google and Facebook is facing some opposition in California, reported wbur.com. This time, however, the 2020 Democratic presidential candidate’s proposal to check Big Tech may complicate her relationship with a state that has traditionally been a cash cow for her. California is home to three […]