Tag Archives: Facebook

SALT LAKE CITY — Having two federal agencies responsible for overseeing antitrust issues hinders robust investigations and enforcement of the law, especially when it comes to Big Tech, according to Utah Sen. Mike Lee. The two-term Republican said the current arrangement between the Federal Trade Commission and the Department of Justice isn’t working. “When no one knows who is in charge, bad things happen, and sophisticated players like Facebook, Twitter and Google — who can… Source link

LONDON: Britain announced on Friday it will set up a watchdog to regulate tech giants such as Facebook and Google and improve their transparency on using people’s data and personalised advertising. The department for culture, media and sport said in a statement that the new regulator, the Digital Markets Unit, will “govern the behaviour of platforms that currently dominate the market, such as Google and Facebook”. The aim is “to ensure consumers and small businesses aren’t… Source link

Photo by Denis Charlet/AFP via Getty Images AFP via Getty Images The UK is planning a new tech regulator to govern the activities of platforms such as Facebook and Google. The new Digital Markets Unit will form part of the Competition and Markets Authority (CMA) and will enforce a new, not yet finalized, code of practice. It’s set to start operating in April next year. “There is growing consensus in the UK and abroad that the concentration of power… Source link

Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. LONDON — 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 enforce a new code of conduct governing the behavior of tech giants that dominate the online advertising… Source link

A new tech regulator will work to limit the power of Google, Facebook and other tech platforms, the government has announced, in an effort to ensure a level playing field for smaller competitors and a fair market for consumers. Under the plans, the Competition and Markets Authority (CMA) will gain a dedicated Digital Markets Unit, empowered to write and enforce a new code of practice on technology companies which will set out the limits of acceptable behaviour. The code will only affect those… Source link

Mark Zuckerberg, Chairman and Chief Executive Officer of Facebook, arrives to testify during the House Financial Services hearing on An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors on Wednesday, Oct. 23, 2019. Bill Clark | CQ-Roll Call, Inc. | Getty Images LONDON —  The U.K. on Friday said a new government unit will work to tackle ongoing concerns about a concentration of power among a small number of tech giants. The Department for Digital, Culture,… Source link

Australia’s mandatory news code no longer excludes the ABC and SBS from receiving payments from Google and Facebook for using their content. The addition of the public broadcasters is one of the significant changes treasurer Josh Frydenberg has made to the draft mandatory news code before it is tabled in parliament by 10 December. Labor, the Greens and several crossbenchers suggested the ABC and SBS should be added to the ranks of Australian news publishers to benefit from the code, in the… Source link

The biggest U.S. tech companies are providing a jolt to the slumbering commercial real-estate business, emerging as major tenants and acquirers of office and other space while many nontech firms are trying to tear up their leases. Five of the biggest property owners in the tech industry—Amazon.com Inc., Facebook Inc., Apple Inc., Google parent Alphabet Inc. and Microsoft Corp.—together occupy around 589 million square feet of U.S. real estate, according to CoStar Group. That is… Source link

From left: Google’s Sundar Pichai, Facebook’s Mark Holliday, and Factory_OS’s Rick Holliday and Larry Pace (Getty; Factory_OS; iStock) Tech giants Facebook and Google are pulling out their checkbooks to back a modular housing startup. Factory_OS, which aims to build apartments more efficiently and for less money, announced the Series B Friday. The $55 million round was led by Lafayette Square Holdings, with participation from Autodesk, Citi and Morgan Stanley, along with Facebook… Source link

Vallejo modular housing startup Factory_OS has raised $55 million from tech giants Google and Facebook, the software firm Autodesk, Citigroup, Morgan Stanley and asset manager Lafayette Square Holding. The money will enable Factory_OS to increase production at its second Mare Island factory and expand to Los Angeles, the company said Friday…. Source link