Tuesday November 12, 2019
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Facebook, Google and Other Tech Giants to Face Antitrust Investigation by House Lawmakers

The open Internet has delivered enormous benefits to Americans, including a surge of economic opportunity

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faang
Clearly, the FAANG family has realised the growing digital hunger among one billion-plus Indians which needs to be satiated. VOA

In a stern warning to tech giants, the US House antitrust committee has opened probes into Facebook, Google, Apple, Amazon and other tech giants to determine if they prevent competition and hurt consumers.

According to a report in Digital Trends on Monday, the investigation’s core is the idea that “the Internet is broken”.

“The open Internet has delivered enormous benefits to Americans, including a surge of economic opportunity, massive investment, and new pathways for education online,” House Judiciary Chairman Jerrold Nadler (D-NY) was quoted as saying.

“But there is growing evidence that a handful of gatekeepers have come to capture control over key arteries of online commerce, content, and communications,” he added.

Facebook, Google, Tech Giants
The US House antitrust committee has opened probes into Facebook. Pixabay

Shares of Amazon, Google and Facebook tumbled after the reports.

According to The New York Times, the Department of Justice (DOJ) will handle Apple and Google while the US Federal Trade Commission (FTC) will take Facebook and Amazon.

“Silicon Valley has faced fierce criticism in recent years over disinformation, privacy breaches and the misuse of data. President Trump regularly criticises the power of the companies, as do several Democrats running for president,” said the NYT report.

The announcement comes at a time where major tech companies face increased scrutiny on privacy violations.

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Facebook is already under investigation by the US FTC over its handling of user data. The social networking platform is expecting a fine of up to $5 billion.

According to the Wall Street Journal, the FTC previously closed an investigation of Google without taking action but now the DOJ will take another look into Google’s practices in Search and other areas. (IANS)

Next Story

Cyber-Security Project of Google Named ‘Chronicle’ Imploads in Trouble

Originally announced as an independent start up in early 2018 by Google's parent company Alphabet, Chronicle was was supposed to "revolutionise" cybersecurity

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Chronicle
One of the reasons why Chronicle was folded back into Google is the fact that staff compensation became a sore point. Pixabay

Cybersecurity project of Google named “Chronicle” is imploding in trouble and some employees feel its management “abandoned and betrayed” the original vision, media reports said.

Chronicle’s CEO and Chief Security Officer have already left and the Chief Technology Officer is leaving later this month while other key officials are eyeing an exit, according to the Motherboard.

In June this year, Chronicle lost its status as an independent entity when it formally joined Google to become part of its Cloud security offerings.

One of the reasons why it was folded back into Google is the fact that staff compensation became a sore point, because Google reportedly didn’t adjust Chronicle staffers’ salaries and stock packages, which were lower than those for other Google employees.

Originally announced as an independent start up in early 2018 by Google’s parent company Alphabet, Chronicle was was supposed to “revolutionise” cybersecurity.

Chronicle
Cybersecurity project of Google named “Chronicle” is imploding in trouble and some employees feel its management “abandoned and betrayed” the original vision. Pixabay

It was supposed to be an independent start up with its own contracts and policies — at least, that’s what CEO Stephen Gillett wrote when the business was launched.

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Employees have left because of a combination of Chronicle losing its original vision, a distant CEO, a lack of clarity about Chronicle’s future, and disappointment that the start-up has been swallowed into Google, according to interviews with five current and former employees, the Motherboard report added. (IANS)