[ad_1] The observations come days after Facebook co-founder Chris Hughes used an op-ed to ask the FTC to break up Facebook. Candidates beyond Harris have had varying stances. Sen. Amy Klobuchar has offered increased antitrust oversight without specifically calling for a Facebook split, while Sen. Cory Booker said a President shouldn’t wield “personal beliefs” and […]
Category: Politics
SEC approves a stock exchange built for tech startups
[ad_1] The green light required revisions before the LTE could receive the SEC’s blessing. Companies on the LTSE will be allowed to list stock on other exchanges. A number of companies have signaled their intent to list on the exchange when it goes live, although LTSE creator Eric Ries has declined to name them. If […]
Facebook says it needs more regulation, not a breakup
[ad_1] Clegg contended that Facebook was really a large firm made of “many smaller pieces,” each competing against multiple rivals, and wasn’t dominant in some markets. It had ‘just’ 20 percent of the US online ad space, for instance. The ex-politician also maintained that antitrust law was meant to protect customers by ensuring low prices […]
US and Luxembourg sign ‘space commerce’ pact
[ad_1] The US Commerce Department tempered expectations somewhat by noting that this is ultimately a “vehicle” for team-ups rather than a formal alliance. As a member of the European Union, Luxembourg can only realistically do so much without involving its EU neighbors. Still, it won’t be surprising if space commerce gets a significant boost through […]
FCC denies China Mobile’s bid to provide services in the US
[ad_1] In a statement, Pai further argued that China Mobile was “vulnerable to exploitation, influence, and control” by virtue of the Chinese government’s ownership. And when the Chinese are involved in both hacking campaigns and stealing intellectual property, there was a good chance China Mobile would “seriously jeopardize” American interests through surveillance and other activities. […]
Senators reintroduce bill to improve AI adoption in government
[ad_1] The General Services Administration would be tasked with both providing AI expertise to agencies and researching policy. The Office of Management and Budget would need to devise strategies for investing in and using AI for federal data. The Office of Personnel Management, meanwhile, would identify the skills necessary for AI workers and create relevant […]
A ransomware attack is holding Baltimore’s networks hostage
[ad_1] Nearly every department of the city government was affected in some way, though the police, fire, emergency response and 311 systems remained up. The city’s phones are still active, and employees are at work. City Council did cancel at least one hearing on gun violence. According to the Baltimore Sun the ransomware — a […]
FTC sues ‘iBackPack’ founder for deceiving crowdfunding backers
[ad_1] The FTC first began investigating iBackPack following a spate of complaints from consumers who supported the project on crowdfunding platforms. Despite a significant amount of funding that exceeded goals set by Monahan, the project missed its promised delivery date, initially set for September 2016. While Monahan assured backers the product was still in the […]
EU set to investigate Apple over Spotify’s competition claims
[ad_1] Both tech companies have declined to comment on the report. Apple, however, has already rejected Spotify’s assertions. It argued that Spotify was really driven by “financial motivations” and wanted to benefit from the App Store’s infrastructure without contributing to it. The firm also rejected notions that it was privileging Apple Music on a software […]
Facebook opens ‘war room’ to fight meddling in EU election
[ad_1] The team has already been running for a short while, and caught “hundreds” of instances of suspicious behavior linked to political topics, Facebook’s Lexi Sturdy told the Financial Times. Some of those were voter suppression efforts that have since been removed. The company has also learned from its past experiences and has “fine-tuned” its […]