Yes, the GOP wants to counter China. Yes, it wants to break up Big Tech. But only if the Democrats get mad about it.
Chinese tech giants fell on Wednesday after reports said the PBOC is considering establishing a joint venture to oversee companies' data collection.
Experts say there will be a seismic shift in the industry and one that is already affecting governments, tech companies, and consumers alike.
President of the European Commission, Ursula von der Leyen, responds to an open letter from Axel Springer CEO Mathias Döpfner about regulating large tech companies. She writes that the political power of tech giants needs to be limited, and lays out steps the European Union is already taking to protect […]
Alibaba CEO Daniel Zhang said Monday that China’s new regulations to prevent the formation of internet monopolies are “timely and necessary.” China announced new rules in early November that could tighten restrictions on tech companies, like Alibaba, including preventing them from sharing sensitive user data and from banding together to […]
Technology stocks in the FAANG, cloud software, and cyber security themes could rally 10%-15% by year-end with a Biden presidency and Republican Senate, according to Wedbush. This regime is the “Goldilocks election outcome” for tech stocks as a Biden presidency will ease US-China technology-policy issues while the Republican Senate decreases […]
Hello, everyone! Welcome to the new edition of Insider Today. Please sign up here . QUOTE OF THE DAY “The CEOs don’t want to be testifying. Even having this collective hearing creates a sense of quasi-guilt just because of who else has gotten called in like this – Big Pharma, […]
A tough new enforcement regime in Australia could see Facebook and Google compelled to reveal details of their algorithms to regulators. An 18-month investigation into the companies concluded that an enhanced regulator is needed, with powers to scrutinize how the companies work. The Australian Competition and Consumer Commission said it […]
President Donald Trump said on Monday while speaking with CNBC that tech companies such as Google, Facebook, and Amazon “discriminate” against him. The comments come after tech firms have faced scrutiny over whether their platforms enforce political bias. Trump also briefly commented on the issue of regulation in the tech […]
Massachusetts Democratic Senator Elizabeth Warren just announced a new plan for regulation that would break up tech firms such as Facebook, Amazon, and Google. Under the plan, some acquisitions such as Facebook’s purchase of WhatsApp and Instagram and Amazon’s acquisition of Whole Foods would be rolled back. Senator Warren announced […]