In a late-evening announcement that stunned China, the Shanghai Stock Exchange slammed the brakes on Ant’s initial public offering, which was set to be the biggest stock debut in history with investors on multiple continents and at least $34 billion in proceeds. The New York Times reports: The stock exchange’s notice to Ant said that the company’s proposed offering might no…
Tag: regulators
Big Tech Continues Its Surge Ahead of the Rest of the Economy
While the rest of the U.S. economy languished earlier this year, the tech industry’s biggest companies seemed immune to the downturn, surging as the country worked, learned and shopped from home. From a report: On Thursday, as the economy is showing signs of improvement, Amazon, Apple, Alphabet and Facebook reported profits that highlighted how a recovery may provide another catalyst to…
German Regulators Look To Block Teens From Porn Sites
German authorities are trying to force internet service providers to block major porn sites that don’t implement age verification systems. Gizmodo reports: Currently, German law requires porn sites to restrict access to individuals 18 or older. What’s changed is that German authorities, like the British before them, have now dubbed it a good use of their time to actually pursue porn…
Google Search Rivals Urge EU To Revisit Android Antitrust Case
A group of search engines from around the world are banding together to demand European Union regulators address Google’s dominance in the online search market. They are also urging the EU to take a closer look at Google’s controversial auction process. From a report: The news comes hot on the heels of the U.S. Department of Justice’s (DOJ) antitrust case, which…
CRISPR weapon spread by bacterial sex could destroy deadly superbugs
Bacteria armed with a CRISPR-based weapon that infects other microbes during the bacterial equivalent of sex could help us kill off dangerous antibiotic-resistant superbugs – if regulators approve their use Source: https://www.newscientist.com/article/2258049-crispr-weapon-spread-by-bacterial-sex-could-destroy-deadly-superbugs/?utm_campaign=RSS%7CNSNS&utm_source=NSNS&utm_medium=RSS&utm_content=home…
‘Apple, Google and a Deal That Controls the Internet’
The New York Times’ looks at “a deal that controls the internet” — Apple’s agreement to feature Google as the preselected search engine for iPhones, saying America’s Justice Department views it “as a prime example of what prosecutors say are Google’s illegal tactics to protect its monopoly and choke off competition…” The scrutiny of the pact, which was first inked 15…
Japan To Join Forces With US, Europe in Regulating Big Tech Firms
Japan will join forces with the United States and Europe to take on any market abuses by the four Big Tech companies, the new head of its antitrust watchdog said on Monday, a sign Tokyo will join global efforts to regulate digital platform operators. From a report: Kazuyuki Furuya, chairman of Japan’s Fair Trade Commission (FTC), also said Tokyo could open…
US Antitrust Regulators Could Target Google’s Chrome Browser For Breakup
Slashdot reader alternative_right shares a report from Politico:
Justice Department and state prosecutors investigating Google for alleged antitrust violations are considering whether to force the company to sell its dominant Chrome browser and parts of its lucrative advertising business, three people with knowledge of the discussions said… The conversations — amid preparations for an antitrust legal battle that the Department of Justice…
FCC To Move on Trump Plan To Weaken Social Media Legal Shield
U.S. Federal Communications Commission Chairman Ajit Pai said the agency will consider President Donald Trump’s request to weaken legal protections for social media companies such as Twitter. From a report: The FCC will begin a rulemaking to “clarify” the meaning of a law that gives broad legal immunity to social media companies for their handling of users’ posts, Pai said in…
Computers Aboard Airliners Vulnerable to Hacking, Watchdog Says
Airliners carry a variety of computer systems that could become vulnerable to hackers and U.S. regulators haven’t imposed adequate counter measures, a government watchdog report concluded. From a report: The Federal Aviation Administration hasn’t prioritized cyber risks, developed a cybersecurity training program or conducted testing of potentially vulnerable systems, the Government Accountability Office said in a report issued Friday. “Until FAA…