‘EU tech regulations unfairly target Silicon Valley’
The EU’s efforts to curb Silicon Valley using new competition rules are becoming an irritant in the transatlantic relationship. The sentiment follows the two sides' commitment to deepen tech and trade ties. Senior officials from Washington and Brussels gathered in Pittsburg last month.
The mee... Read more
Investors look to Big Tech as stock market falters
Tech stocks are feeling most of the pressure from a recent market selloff, highlighting how an extended downturn in the sector could impact the broader equity indexes.
Monday saw a sharp drop which caused the S&P technology sector to go down 6.7% since the overall S&P 500 closed at a rec... Read more
The UK’s Digital Markets Unit is here to watch big tech
The UK plans to launch a regulator to make sure that big tech companies like Facebook and Google do not abuse their market power. As the dominant players, they have been known to have ambitions exceeding their already gargantuan empires.
They participate in anti-competitive business practices an... Read more
EU parliament bickering over initiative in fight against Big Tech
The European Parliament is wrestling internally with the question of which committee should take the lead in tackling big tech companies within the European Union. The legislative proposal for the regulation of digital platforms may be delayed as a result, according to the Financial Times.
Accor... Read more
EU wants to ally with the US on tech rules and climate change
Ursula von der Leyen, the European Union’s Chief Executive, said that Europe and the US should join forces in the fight against climate change and together, agree on and enforce a new framework for the digital market.
The aim is to limit the powers held by big tech companies.
The president ... Read more
CEOs from big tech companies to testify about misinformation
CEOs Sundar Pichai, Mark Zuckerberg, and Jack Dorsey will have to answer to Congress about the explosion of misinformation on their platform. They will also be required to state how they plan to address the problem.
The House Energy and Commerce Committee announced the hearing with Facebook, Twi... Read more