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Tobias Adam on Unsplash
Last September, the CEOs of four of the biggest tech companies in the U.S. faced the House Antitrust Subcommittee.
At that meeting, the CEOs of Alphabet, Amazon, Apple and Facebook (the only one missing was Microsoft s Satya Nadella) were grilled on a wide range of subjects under the broad umbrella of an anti-trust probe.
Then in October, the CEOs of Facebook, Google and Twitter all faced lawmakers again, this time to defend the legal liability shield that underpins their business models. At the end of February 2021, the judiciary committee s antitrust subcommittee met again to hear testimony from companies and other parties that claim they have been mistreated by the tech giants. And later this month, the bosses of Twitter, Google and Facebook will appear again in front of the House Energy and Commerce Committee, which is looking at the way misinformation is posted and spread by their platforms.
Posted on March 2, 2021 by Nick Farrell - News
The case for new regulation around the monopolisation of user data by big tech companies has never been stronger, according to a new report from GlobalData.
, notes that big tech companies do not have much of an incentive to change their anticompetitive behaviour, despite facing large fines.
GlobalDataSenior Thematic Analyst Laura Petrone said: “Existing antitrust rules are broad in scope and only allow enforcers to act after wrongdoing has been committed. Big tech companies have been fined billions for their anticompetitive practices over the last decade, however, these practices are still in the spotlight after years of scrutiny.
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