AG Letitia James vows to crackdown on tech monopolies in New York state

For a number of reasons. As we reviewed the list, we have concerns that a significant number of homeowners should not have been on the list as a result of negotiations that we conducted as the former public advocate of the city. For instance, one-, two- and three-family homes are not supposed to be on the list, senior citizens were not supposed to be on the list. Houses of faith, they’re not supposed to be on the list, and unfortunately, we uncovered a number of errors. And then last but not least, it’s really critically important that we support and promote homeownership in the city. And during this pandemic, during this time, we do not think it benefits New Yorkers, particularly homeowners, to go forward with this lien sale. And that’s why we’ve asked for a postponement and we reached out to the governor, and I want to thank the

Read More

US Lawmakers Call For Shake-up Of Big Tech ‘Monopolies’

A House of Representatives panel in a report Tuesday accused four Big Tech firms of acting as “monopolies,” calling for sweeping changes to antitrust laws and enforcement that could potentially lead to breakups of the giant firms.

But the report by the House Judiciary Committee failed to win the endorsement of Republican members, highlighting a partisan divide despite widespread criticism of the tech giants.

The 449-page document concluded that Amazon, Apple, Facebook and Google “engage in a form of their own private quasi regulation that is unaccountable to anyone but themselves.”

“Companies that once were scrappy, underdog startups that challenged the status quo have become the kinds of monopolies we last saw in the era of oil barons and railroad tycoons,” the report said.

The report follows an investigation of more than 15 months and hearings this year with the top executives of the four firms, in parallel to antitrust

Read More

Lawmakers slam Big Tech ‘monopolies’ in new report

A House of Representatives panel said in a report Tuesday that four Big Tech firms are “monopolies” which abuse their market dominance and called for sweeping changes to antitrust laws and enforcement, which could potentially lead to breakups of the giant firms.

But the report by the staff of the House Judiciary Committee failed to win the endorsement of Republican members, highlighting a partisan divide despite widespread criticism of the tech giants.

The 449-page document concluded that Amazon, Apple, Facebook and Google “engage in a form of their own private quasi regulation that is unaccountable to anyone but themselves.”

“To put it simply, companies that once were scrappy, underdog startups that challenged the status quo have become the kinds of monopolies we last saw in the era of oil barons and railroad tycoons,” the report said.

The report comes after an investigation of more than 15 months and hearings this

Read More

New EU regulations aim to address power of US big tech monopolies

The European Union has drafted rules that could result in profound changes to big tech’s hold on power in Europe, according to a report today.

Under the “Digital Services Act,” companies such as Google LLC, Facebook Inc., Apple Inc. and Amazon.com Inc. might have to start sharing data they’ve collected on Europeans with EU companies. Simply out, companies won’t be allowed to harvest any data if they don’t share it with their rivals.

Last month, Facebook seemed to threaten to pull out of the EU after an investigation revealed that the company’s data collection practices didn’t provide enough protection to users in the EU. The company soon backtracked on leaving Europe, but the issue of data collection is yet to be resolved.

Although the matter today isn’t explicitly a privacy issue, according to documents seen by Reuters, the European Commission is worried about the power of U.S. big tech and

Read More