Big Tech faced tough questions this week as federal lawmakers focused on issues of potentially anticompetitive behavior by technology giants and expressed bipartisan skepticism over Facebook’s plan for a new digital currency. Subcommittee chairman David Cicilline, a Rhode Island Democrat, charged that technology giants had enjoyed “de facto immunity” thanks to current antitrust doctrine, which typically equates anticompetitive behavior with …
Today’s younger, more tech-savvy breed of House Democrats may spend a lot of their time online, but that doesn’t mean they’re happy with the tech companies they rely on. This was starkly on display Tuesday, as senior officials from Amazon, Apple, Facebook, and Google testified in front of a powerful House Judiciary subcommittee as a part of an ongoing investigation …
New York CNN Business — Two years ago, Facebook changed its mission statement to focus on “bringing the world closer together.” On Tuesday, it appeared to accomplish that lofty goal for the political world, at least, as Republican and Democrat lawmakers united in bipartisan distrust of the social media giant. “Instead of cleaning up your house, now you’re launching into …
