Jeff Bezos announced he's stepping down as CEO, almost 27 years after he founded the company as an online bookstore.
Tech giants are not just surviving the pandemic; they're thriving. In 2021 and in the post-pandemic era, anti-trust regulations in tech must be revamped.
It's the biggest monopolisation case since a 1998 lawsuit against Microsoft. But it may be several years before a settlement of any kind is reached.
The code seems to oversimplify how news content on big digital platforms should be assigned commercial value.
Facebook says it will ban publishers and people in Australia from sharing local and international news on Facebook and Instagram if a proposal to force tech giants to pay for news becomes law.
‘Suck it and see’ or face a digital tax, former ACCC boss Allan Fels warns Google and Facebook.
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Tech giants don't like Australia's plan to force Google and Facebook to pay for news, to fund public interest journalism. But the government may well respond with a digital tax, says Allan Fels.
If the ACCC takes one of the tech giants to court for breach of the code, the penalty could be more than $10 million.
As news media revenues tumble still further amid the COVID-19 recession, the government has pledged mandatory rules to force tech giants to pay for using news content.
The ACCC's inquiry was launched to address concerns about the market power of major digital platforms, such as Google and Facebook, and their impact on Australia's businesses and media.
Most of us are probably having our data tracked in some form. And while there are regulatory safeguards in place to protect user privacy, it's hard to say whether these are enough.
US lawmakers and regulators are beginning to investigate big tech's growing power, but they need to look beyond size and into their very natures.