Tag Archives: Facebook

(BLOOMBERG) – Back in November, it was possible to dismiss the Trump administration’s antitrust suit against Google as too weak, too narrow and too late. But now more than 40 states – and the Federal Trade Commission – have filed suit against another tech giant: Facebook. It seems unlikely to be the last major lawsuit against technology giants. Though these cases are ostensibly about antitrust violations, they are a sign of something bigger: the revival of a longstanding anti-monopoly… Source link

Though these cases are ostensibly about antitrust violations, they are a sign of something bigger: the revival of a longstanding antimonopoly tradition in the U.S. This particular view of large, powerful corporations – as threats to the political order – has repeatedly played a significant role in the nation’s history. As the historian Richard John has observed, antimonopoly is often confused and conflated with antitrust. In fact, it long predates antitrust law. In the 17th… Source link

One Patriot, for example, voiced the following objection: “The first Teas may be sold at a low Rate to make a popular Entry, yet when this mode of receiving Tea is well established, they, as all other Monopolists do, will mediate a greater profit on their Goods, and set them up at what Price they please.” Source link

Wednesday, December 9, 2020 This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe 48 U.S. attorneys general and the FTC hit Facebook with antitrust suits Facebook (FB) on Wednesday became the second Big Tech company to be slapped with an antitrust lawsuit, when a group of 48 U.S. attorneys general led by New York filed suit against the firm, alleging… Source link

The Australian government tabled world-first media legislation in parliament on Wednesday that will force Google and Facebook to negotiate a fair payment with news organisations for using their content in Facebook’s newsfeed and Google’s search. The Australian law is separate to a recent deal Facebook made to pay mainstream UK news outlets millions of pounds a year to license their articles, but has a similar motivation. The social network signed the deals as it faces the threat of a… Source link

This photograph taken on September 28, 2017, shows a smartphone being operated in front of GAFA logos (acronym for Google, Apple, Facebook and Amazon web giants) as background in Hédé-Bazouges, western France. Damien Meyer | AFP | Getty Images LONDON — Britain’s antitrust watchdog threatened on Tuesday to impose heavy fines on big tech companies if they fall foul of new competition rules. Google, Facebook and other firms of “strategic market status” could face fines of up to 10% of their… Source link

The ABC can keep all the revenue it makes from Google and Facebook under the historic news media laws to be introduced to parliament on Wednesday, the communications minister has said. Paul Fletcher said the ABC had committed to spend the extra funds on regional journalism and the government would not reduce its funding as a result of the potential windfall. Guardian Australia has previously reported the ABC will use any potential revenue to boost coverage of regional and rural Australia,… Source link

SYDNEY (Reuters) – Australia finalised plans on Tuesday to make Facebook Inc and Google pay its media outlets for news content, a world-first move aimed at protecting independent journalism that has been strongly opposed by the internet giants. Under laws to go to parliament this week, Treasurer Josh Frydenberg said the Big Tech firms must negotiate with local publishers and broadcasters how much they pay for content that appears on their platforms. If they can’t strike a deal, a… Source link

SYDNEY (Reuters) – Australia finalised plans on Tuesday to make Facebook Inc and Google pay its media outlets for news content, a world-first move aimed at protecting independent journalism that has been strongly opposed by the internet giants. Under laws to go to parliament this week, Treasurer Josh Frydenberg said the Big Tech firms must negotiate payments for content that appears on their platforms with local publishers and broadcasters. If they can’t strike a deal, a… Source link

SYDNEY (Reuters) – Australia finalised plans on Tuesday to make Facebook Inc and Google pay its media outlets for news content, a world-first move aimed at protecting independent journalism that has been strongly opposed by the internet giants. Under laws to go to parliament this week, Treasurer Josh Frydenberg said the Big Tech firms must negotiate payments for content that appears on their platforms with local publishers and broadcasters. If they can’t strike a deal, a… Source link