Facebook President and CEO Mark Zuckerberg on October 23, 2019 in Washington, DC, USA. Testified in the hearing of the House Financial Services Committee. Erin Scott | Reuters The congressional report on Big Tech and no-confidence has been delayed because the House Judiciary subcommittee on no-confidence received new information on …
Read More »Stock market leaders appear to be the most sensitive to Biden’s tax plan
Major U.S. Technologi shares are sensitive to the rise in corporate-tax, which could lead to a Democratic sweep in November, potentially reducing one of the strongest drivers of market recovery this year. Bofa Global Research estimates that the tax proposals will reduce the expected revenue of companies in the S&P …
Read More »Facebook, Google and Twitter CEOs to testify before Congress on October 28
Facebook CEO Mark Zuckerberg addresses the House on Antitrust, Commercial and Administrative Law during a July 29, 2020, hearing on “Plaline Platforms and Market Power” at the Riburn House Office Fee Building on Capitol Hill in Washington, D.C. Mendel Nagan | Pool by Reuters The CEOs of Facebook, Google and …
Read More »The former executive claims Facebook is as addictive as cigarettes
Tech companies are under pressure to draw attention Digital addiction. During a recent House committee hearing on the dangers of social media, former Facebook executive Tim Kendall told Congress that the company deliberately builds its product this way. Addictive As cigarettes. Kendall, CEO of Time-Management Application Moment and former director …
Read More »Amazon advertising prevents some competitors from competing devices
Amazon CEO Jeff Bezos on October 02, 2019. Elif Ozturk | Anadolu Agency | Getty Images An investigation by the Amazon Street Journal found that Amazon restricts some of its larger device competitors from buying ads tied to search results for its own products, giving its devices a greater advantage …
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