The potential penalties for several wide-ranging investigations into whether Fac...
WASHINGTON - The potential penalties for several wide-ranging investigations into whether Facebook, Google and other big U.S. tech companies used their market power unfairly include everything from breaking up the companies, to large fines and forcing them to create more competition.
Here are three possible outcomes to investigations of the companies by U.S. regulators and state attorneys general.Senator Elizabeth Warren has vowed to break up Amazon, Google and Facebook if elected U.S. president to promote competition in the technology sector. Warren and other lawmakers argue big tech companies smother small businesses and start-ups that are a threat. Facebook critic and co-founder Chris Hughes says the social media company has too much power over speech and that it is willing to “sacrifice security and civility for clicks.”
Facebook, which also owns Instagram and Whatsapp, said it would do more to protect user privacy, but the overall deal was criticized by regulators and lawmakers for not doing enough to rein in Facebook’s market power or make company executives accountable. The idea, which is already part of European law, has the support of Representative David Cicilline, a Democrat who leads the House Judiciary Committee’s antitrust subcommittee, and Senator Mark Warner.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
25 Famous Women on Their First Big BreakLizzo, Alexandria Ocasio-Cortez, Greta Gerwig, and others on their first big break
Read more »
Big Oil Leads EMEA Companies' Cash Reserves Spike To $1.2TCorporate cash piles at non-financial companies in the region saw a doubt-digit percentage rise in 2018 courtesy energy sector players.
Read more »
\nDragCon queens take a bite out of the Big Apple \nManhattan’s Jacob Javits Center was transformed into a glittery oasis welcoming thousands of attendees and more than 40 famous drag queens, at the third annual RuPaul’s DragCon.
Read more »
The top 10 US colleges that pay off the most in big citiesWhen CNBC Make It compared hundreds of colleges and universities across the country to create our first list of the U.S. colleges that pay off the most, many of the top-ranking schools were based in big cities.
Read more »
Are big babies really easier? - Today's ParentIf you had a big baby, you already know there are lots of opinions out there: chunkier babies are harder to deliver, but they’re happier, more easygoing, and they sleep more. Is any of this true? Here’s what the experts say...
Read more »