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Big Tech Faces Regulation Reckoning As 2021 Dawns

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If 2020 was the year of streaming media, of content done a million different ways, of apps and Apple, and Google’s and Amazon’s algorithms … it was also the year of Big Tech regulation, where 2020 set the stage for a 2021 that could be seismic in changing the way companies — from Facebook to Apple to debt collectors — interact with consumers.

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Google CEO Pushes Back Against Regulation Talk

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Google CEO Sundar Pichai pushed back against talk of regulating tech companies, saying that the move could have unintended consequences, according to a report by CNBC. “I I worry that if you regulate for the sake of regulating it, it has a lot of unintended consequences,” Pichai said.

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Big Tech Compliance Tracker: EU Prepares To Propose New Big Tech Regulations; Turkey Fines Big Tech Platforms $1.18M

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Regulation. EU Gears Up To Propose New Big Tech Regulations. The Digital Services Act is forecast to revamp content management on platforms such as Facebook and Google. Australian Regulator Looks Into Merger Law Changes. It is due to be put forward early next month. Turkey Hits Big Tech Platforms With $1.18M Penalty.

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PayPal, Google Give OCC’s Bank Charter The Cold Shoulder

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The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level.

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UK To Launch Big Tech Regulator Post-Brexit

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The United Kingdom will create a technology regulator next year after Brexit is completed, according to a report by the Financial Times. There is an emerging international consensus around the scope of new regulation. Members of BEIS have been meeting with lawyers and different academics to determine how the regulator will operate.

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Patent Deal Struck Between Google And Tencent

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Google has inked a pact with China’s multinational investment holding conglomerate Tencent Holdings in a deal that cross-licenses a number of patents. On the Tencent side, the work with Google would follow a number of investments made over the past several months, including funds for both Tesla and Spotify, among others.

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New Rules For Tech Giants Google, Apple In EU?

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New rules loom in the European Union for tech giants like Apple , Amazon and Google, Reuters reported. The proposal is set to be published next month and then must be approved by the European Parliament and by national governments, said Reuters.

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