Tech giants face new threats from the government and regulators

March 14, 2019

Anniversaries are often happy occasions, but not this one. March 17th will mark a year since the New York Times and the Observer published exposés about how Facebook enabled the personal data of tens of millions of Facebook-users to leak to an outside political firm, Cambridge Analytica. The resulting scandal has plagued the social-networking firm and provoked scepticism among politicians and consumers that big tech firms can be trusted to police themselves. Many Republicans and Democrats, who share little in common ideologically, agree that the tech giants need to be reined in. Software may be eating the world, as the technology investor Marc Andreessen famously said, “but the world is starting to bite back,” says Bruce Mehlman, a lobbyist in Washington.

Elizabeth Warren, a senator vying to become the Democratic nominee for president, recently suggested breaking up big tech companies, including Facebook, Google and Amazon, and unwinding some of their previously allowed mergers, such as Facebook’s purchases of the apps Instagram and WhatsApp. She has declared that big tech firms have “too much power over our economy, our society and our democracy.”

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Find out more...

Share on Facebook
Share on Twitter
Please reload

Featured Posts

Payment Services Act comes into effect

January 28, 2020

1/10
Please reload

Recent Posts
Please reload

Archive
Please reload

Search By Tags
Please reload

Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

80 Robinson Road

#08-01 Singapore 068898

info@regpac.com

  • Black Facebook Icon
  • Black Instagram Icon
  • Black LinkedIn Icon
  • Black Twitter Icon

© 2020 by RegPac

RegTech Compliance