PYMNTS

SEPTEMBER 22, 2020

and other tech companies have been facing backlash from lawmakers and regulators around the globe. David Cicilline (D-Rhode Island) ended the hearing by saying the companies “have monopoly power.” “We actually have to take a hard look at whether these behemoths are killing off innovation and competition.”. Google, Facebook Inc.

Google 213

Google Meeting Rhode Island social media 213

PYMNTS

JULY 30, 2020

Well, subcommittee Chairman David Cicilline of Rhode Island ended the hearing by saying that all firms “have monopoly power.”. But the hearing did highlight how the firms view their own positions in the market and what they think the future of oversight will look like. How did Big Tech do in defending itself?

Google 150

Google Rhode Island Apple Data 150

CB Insights

MARCH 27, 2019

Facebook, for example, disclosed that an unprecedented data breach in September 2018 exposed the social media accounts of up to 90M users — including login credentials — effectively compromising access to any site that lets users log in with their Facebook account. But the company is not alone. Collectively, FAMGA has poured nearly $2.5B

Google 76

Google Apple Security Data 76

PYMNTS

JULY 22, 2020

The outcome of that investigation is expected to produce legislation that would reform and regulate the online world. As justification, he said, that as Congress “considers large technology companies and the competitive landscape, a thorough examination cannot exclude Twitter, a market leader in social media.

Rhode Island 130

Rhode Island social media Apple Google 130