Last-minute changes to major antitrust legislation working its way through the House appears to exempt several Big Tech companies from being affected by its regulations.
The legislation, which has been months in the making and was crafted to take on Big Tech monopolies, targets a handful of companies while excluding others that also have massive market power, a leading expert told the Daily Caller News Foundation. Existing federal and state antitrust law already prohibits a wide range of anticompetitive business activity across all industries like unlawful mergers and monopolization.
There are few, if any, political issues that now generate the breadth and intensity of bipartisan backlash as does the rise of Big Tech.
During Donald Trump’s presidency, the major parties largely diverged on their specific grievances against the woke Silicon Valley monopolists who serve as gatekeepers for America’s 21st-century public square. Republicans, by and large, focused on censorship of conservative online speech. Democrats, by contrast, tended to focus on economic concentration; the five American corporations with the largest market caps, for example, are tech behemoths Apple, Microsoft, Amazon, Google Alphabet, and Facebook. This divergence has stymied efforts to rein in the Big Tech oligarchy on issues such as Section 230, the 1990s-era provision permitting platforms to engage in publisher-like content-moderation decisions without being legally treated as publishers.
Conservatives still have myriad concerns with Big Tech’s noxious brew of speech suppressions, shadow bans, and unaccountable deplatformings. Those concerns are both legitimate and justified by Big Tech’s ever-expanding list of misdeeds. But there is an emerging sea change in the way conservatives conceptualize the relationship between Big Tech’s unfettered content-moderation leeway and the sheer economic clout wielded by the relevant corporate actors.
U.S. Customs and Border Protection this week announced that it had discovered and seized tens of thousands of counterfeit Apple Airpods, a bust the agency said was likely worth around $7 million.
CBP officials earlier this month “inspected three large shipments from China and found what appeared to be tens of thousands of earbuds in violation of Apple’s protected configurations,” the agency said in a press release.
“Each shipment contained 12,000 fake AirPods, for a total of 36,000,” the press release stated. “Although each package had a declared value of $5,280, the Manufacturer’s Suggested Retail Price for all the AirPods would have been $7.16 million had they been genuine.” The bogus products were bound for a Kentucky address.
According to a the most recent quarterly censorship report card from the Media Research Center (MRC), most of the major Silicon Valley tech titans are failing to protect freedom of expression.
“By almost any measure, the first three months of 2021 were the worst ever for online freedom. Amazon, Twitter, Apple, Google, Facebook, YouTube and others proved to the world that the Big Tech censorship of conservatives is a reality,” the group said. “And they did so in disturbing, authoritarian ways that highlight their unchecked power over information and our political process.”
Apple Chief Executive Officer Tim Cook’s annual compensation increased by 28% in 2020 even as the coronavirus pandemic sparked a recession, according to filings.
Tim Cook’s 2020 compensation totaled $14.7 million, which was mainly comprised of performance-based pay, according to Securities and Exchange Commission (SEC) filings released Tuesday, Business Insider reported. While the coronavirus pandemic sparked a recession in the spring, Apple consistently reported positive financial figures including increased revenue and growth throughout 2020.
Netflix is raising most of its U.S. prices by 8% to 13% as its video streaming service rides a wave of rising popularity spurred by government-imposed lockdowns that corralled people at home during the fight against the pandemic.
The increases imposed Friday boost the cost of Netflix’s most popular U.S. streaming plan by $1 to $14 per month, while a premium plan that allows more people to watch the service on different screens simultaneously will now cost $2 more at $18 per month. Netflix’s basic U.S. plan remains at $9 per month. It marks Netflix’s first price changes in the U.S. since an increase rolled out early last year.
Apple has ramped up development of its own search engine technology as antitrust U.S. and European Union regulators scrutinize Google, according to a Financial Times report.
The Silicon Valley tech giant has subtly started the transition away from its reliance on the Google search engine, The Financial Times reported. Apple’s latest software update iOS 14, for example, directs users directly to links when they search for a term on their device’s home screen.
Amazon, Apple, Facebook and Google have abused their monopoly power and must undergo significant restructuring, according to a House report released Tuesday.
Lawmakers who wrote the report said the four tech companies had grown into monopolies akin to “oil barons and railroad tycoons” and suggested an overhaul to U.S. antitrust laws, according to The New York Times. The lengthy report, spearheaded by Democratic Reps. Jerrold Nadler and David Cicilline, is the result of a 15-month House Judiciary Committee investigation into the companies collectively known as Big Tech.
Apple is the first U.S. company to boast a market value of $2 trillion, just two years after it became the first to reach $1 trillion.
Apple shares have gained nearly 60% this year as the company overcame the shutdown of factories in China that produce the iPhone and the closure of its retail sales amid the coronavirus pandemic.
Virginia has rolled out a smartphone app to automatically notify people if they might have been exposed to the coronavirus, becoming the first U.S. state to use new pandemic technology created by Apple and Google.
But hopes for a nationwide app that can work seamlessly across state borders remain unrealized, and there are no known federal plans to create one. State officials say their new app won’t work as well outside Virginia, at least until a group of coordinating public health agencies gets a national server up and running and other states join in.
Friday’s widespread crashes of popular apps running on the iPhone’s iOS operating system — including Tinder, Spotify and Pinterest — serve as a reminder that Facebook is still tracking you through your phone using sophisticated software, even if you’re not browsing the social network.
Early Friday, users of the apps reported crashes when they tried to open them up. Facebook attributed the problem, which was quickly fixed, to a bug in its software development kit, or SDK, a tool developers use to integrate their apps with Facebook.
Apple is closing 11 stores in Arizona, Florida, North Carolina and South Carolina that it had reopened just few weeks ago as coronavirus infections rates in some regions in the U.S. begin to rise.
The decision announced Friday is another sign that the pandemic might prevent the economy from bouncing back as quickly as some states have been hoping. Those concerns sent stocks on Wall Street lower Friday.
Amazon, Twitter, and other major tech companies are facing intense criticism on antitrust issues and censorship claims in the months since government officials reportedly began asking for help from Silicon Valley on ways to tackle the coronavirus pandemic.
The president and lawmakers have turned their sights on Twitter and Amazon, respectively, while Texas Attorney General Ken Paxton and other attorneys general are reportedly ratcheting up their antitrust investigation targeting Google’s business model. The White House asked them in March to fight coronavirus disinformation while also assisting the government in its virus response.