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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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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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EU Looks For Feedback In Regulating Tech Giants

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European Union (EU) regulators want feedback from users and digital service providers before they craft new rules that could manage giant tech firms Google, Facebook, Amazon and Uber, Reuters reported. Facebook Founder and CEO Mark Zuckerberg published “Charting the Way Forward: Online Content Regulation.”

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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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Big Tech Compliance Tracker: Facebook Backs Data Portability Law, Amazon Considers Registering Services As Separate Entities In India

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Here’s the latest news from Facebook, Amazon and others, which are coming under increasing scrutiny from regulators, trade groups and politicians the world over. Regulations. The social media company has indicated that the Access Act, a proposed data portability law, is a first move in the right direction.

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Five At Five: Twitter Warns Investors On Monthly User Totals

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intelligence warning of a possible cyberattack, grocery chain SUPERVALU being acquired by UNFI, an imminent comeback for RadioShack and Google banning apps that mine crypto from user devices. Google Bans Apps that Mine User Devices for Crypto. Google has banned apps that mine cryptocurrency in the back of a user’s device.

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US Treasury: Taxes On Digital Companies Are Discriminatory

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After a European Union plan for tax reform fell apart, France, along with Britain, Italy and Spain, are moving forward with plans to tax companies like Google and Apple. The challenges facing the international tax system are just far broader than how to tax social media and search engines,” Harter said.

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