Regulation and Deregulation of Industry

Lawmakers, Taking Aim at Big Tech, Push Sweeping Overhaul of Antitrust

WASHINGTON — House lawmakers on Friday introduced sweeping antitrust legislation aimed at restraining the power of Big Tech and staving off corporate consolidation. If passed, the bills would be the most ambitious update to monopoly laws in decades. The bills — five in total — take direct aim at Amazon, Apple, Facebook and Google and …

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Biden Revokes and Replaces Trump Order That Banned TikTok

TikTok’s woes subsided with Mr. Trump’s election defeat. Though the company is still under scrutiny with the Biden administration’s new executive order, analysts say the dramatic ups and downs for the company will significantly dwindle. Updated  June 14, 2021, 4:57 p.m. ET James Lewis, a senior vice president of the Center for Strategic and International …

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Uber and Lyft Ramp Up Efforts to Shield Business Model

After California passed a law in 2019 that effectively gave gig workers the legal standing of employees, companies like Uber and Lyft spent some $200 million on a ballot initiative exempting their drivers. To avoid such threats in other states, the companies have pressed for legislation that classifies drivers as contractors, meaning they are not …

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Google Pays $270 Million to Settle Antitrust Charges in France

LONDON — Google agreed to pay roughly $270 million in fines and change some of its business practices as part of a settlement announced on Monday with French antitrust regulators who had accused the company of abusing its dominance of the online advertising market. The agreement was one of the first times an antitrust regulator …

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How China’s Tencent Avoided an Antitrust Push, For Now.

That’s glossing over the huge power imbalance between Tencent and the many satellite companies in its orbit. Colin Huang, founder of Pinduoduo, hinted at that in a 2018 interview, in which he groused that WeChat declined to help censor accusations about fake merchandise on his shopping platform. “Tencent won’t die when Pinduoduo dies,” he said, …

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Once Tech’s Favorite Economist, Now a Thorn in Its Side

Paul Romer was once Silicon Valley’s favorite economist. The theory that helped him win a Nobel prize — that ideas are the turbocharged fuel of the modern economy — resonated deeply in the global capital of wealth-generating ideas. In the 1990s, Wired magazine called him “an economist for the technological age.” The Wall Street Journal …

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As Congress Dithers, States Step In to Set Rules for the Internet

Critics of the state regulations warned that tech companies weren’t the only ones that would have to maneuver through the patchwork of rules. “For consumers, this means confusion,” said Daniel Castro, a vice president of the Information Technology & Innovation Foundation, a think tank sponsored by tech companies. Apple and Google declined to comment. Jodi …

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Lina Khan, a tech critic, is approved by a Senate committee for the F.T.C.

Here’s what you need to know: Drivers line up at a QuickTrip filling station in Atlanta on Tuesday.Credit…Megan Varner/Getty Images Panic over the shutdown of a vital fuel pipeline in the United States has driven Americans to search for gas for their vehicles, causing several thousand gas stations across the nation to run out of …

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As Scrutiny of Cryptocurrency Grows, the Industry Turns to K Street

The board of advisers at the digital chamber is stuffed with former federal regulators, including a former member of Congress and a recent chairman of the Commodity Futures Trading Commission, J. Christopher Giancarlo, who was named to the board of BlockFi, a financial services company that tries to link cryptocurrencies with traditional wealth managers. Max …

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Fake Comments on Net Neutrality Rollback to Cost Companies Millions

Internet service providers funded an effort that yielded millions of fake comments supporting the Federal Communications Commission’s repeal of so-called net neutrality rules in 2017, the New York attorney general said on Thursday. Internet providers, working through a group called Broadband for America, spent $4.2 million on the project, Attorney General Letitia James said. The …

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