House OKs antitrust bill targeting big tech – but ambitious provisions left out
The bill was separated from more ambitious provisions aimed at reining in Meta, Google, Amazon and Apple and cleared by key House and Senate committees.
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big tech
Amazon accuses FTC of harassing Jeff Bezos, its CEO in probe
In a filing to the Federal Trade Commission dated August 5 and recently made public, Amazon accused the agency of making “burdensome” legal requests that “serve no other purpose than to harass Amazon’s highest-ranking executives and disrupt its business operations.”
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Data crackdown coming: FTC launches effort to protect consumers privacy
The Federal Trade Commission announced the initiative Thursday, seeking public comment on the effects of companies’ data collection and the potential benefit of new rules to protect consumers’ privacy.
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What’s behind the shrinking Big Tech: Online ad market is in decline
Much of contemporary Silicon Valley was built on advertising dollars. That dependence made even the most powerful companies look at least somewhat vulnerable last week after reporting their latest earnings results. Here’s what’s happening.
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Not even Apple can escape economic woes: Profits decline 11%
Even the world’s most valuable tech company isn’t immune to the more challenging global economic climate. Here’s a recap of what the tech giant reported Thursday after the markets closed.
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Amazon stock surges 11% after beating Street expectations
Amazon appears to still be going strong even as other Big Tech companies stumble amid pressure from inflation and an economic downturn.
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Revenue drops but Zuckerberg is defiant: ‘Number of people using Facebook daily continues to grow’
Meta, Facebook’s parent company, reported revenue of $28.8 billion for the three months ending in June, a 1% drop from the prior-year quarter and its first year-over-year revenue decline since going public in 2012. Here are the details.
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Feds take on Big Tech: FTC steps in to block Meta deal for virtual reality firm
Federal regulators on Wednesday took legal action to block Facebook parent Meta and CEO Mark Zuckerberg from acquiring virtual reality company Within Unlimited and its fitness app Supernatural, asserting the deal would hurt competition and violate antitrust laws.
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Google’s Wall Street miss: End of pandemic spending boom means revenue slowdown
Online advertising companies have been warning of a slowdown in ad demand amid high inflation and recession fears, and despite its size, Google has been no exception. Here are the details.
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