• EU fined WhatsApp (FB) $270m for privacy violations

    Someone commented that until it's over a billion or double-digit billions FB will view these fines as costs of doing business, and that the EU is using the company as an ATM.

    #BigTech #EU #Law
     
  • Future political change in US, taking apart Big Tech - Stoller's guess

    (Matt Stoller, Director of Research at the American Economic Liberties Project)

    'The pace setters of our ideology right now, of these dominant centers of power, and ignoring that power to just sort of focus on other questions that matter but that don't touch power directly, that don't touch concentrated commercial power. This is big tech. It's Amazon, it's Facebook, it's Google, it's Apple, it's Microsoft. These are the pace setters of our economic order. And I think that we're going to be taking those apart. And as we take those apart, because they are too powerful, and the Right and Left have both kind of come to that conclusion, there are going to be so many other consequences of that choice.

    'To take apart the most powerful firms in your economy means that you're really restructuring how you think about political philosophy and political economy, and that's going to have lots of consequences in every industry across the board, and you're already kind of seeing it.'

     
  • Word is both sides of US Congress is taking aim at Big Tech

    Usually, they seem quite antagonistic but people say they're aligning on this issue.

    Antitrust bills.

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