Our working definition of a digital platform (with a hat tip to Harold Feld of Public Knowledge) is an online service that operates as a two-sided or multi-sided market with at least one side that is “open” to the mass market
Google lost most of its appeal to overturn the largest antitrust fine it has so far faced globally, a boost to the European Union’s campaign to rein in alleged anticompetitive conduct by big tech companies.
Governor Gavin Newsom (D-CA) signed a first-of-its-kind social media transparency measure to protect Californians from hate and disinformation spread online. AB 587, sponsored by Assemblymember Jesse Gabriel (D-Encino), will require social media companies to publicly post their policies regarding hate speech, disinformation, harassment, and extremism on their platforms, and report data on their enforcement of the policies.
The White House convened a listening session with experts and practitioners on the harms that tech platforms cause and the need for greater accountability. The Biden-Harris Administration announced the following core principles for reform:
Nokia has partnered with Ready.net – makers of the Broadband.money platform – to help local broadband providers connect unserved and underserved communities. Nokia will provide tutorials, blueprint network designs, grant expertise, and equipment planning tools for inclusion in Broadband.money’s portal. Nokia will add its expertise and market-leading innovation to the platform, accessible to users in the form of tutorials, blueprint network designs, and tools to help work out the equipment they will need, further simplifying the grant application process.
The word "competition" has a different meaning in Washington (DC) and other centers of regulation around the globe than it does in Silicon Valley. Industry leaders view acquiring startups, keeping customers inside their existing ecosystems, and trying to dominate new platforms as part of the natural process of business competition.
How Apple, Google, Facebook, Amazon and Microsoft make their revenue today shapes the battles they will fight tomorrow. For years, the largest tech companies each had their own fiefdom where they garnered the lion's share of revenue and profits. While tech companies competed at the edges, the market was big enough that each had plenty of green fields to expand into. They might step on each other's toes, but they took pains — and sometimes struck deals — to steer clear of the others' core businesses.
In most businesses, competition means several rivals are fighting to win a prize — typically, the customer's dollar. Most tech companies still view themselves as engaged in fierce competition. They're just going after a wider and more complex set of prizes.
Facebook corporate parent Meta has reached a tentative settlement in a lawsuit alleging the world’s largest social network service allowed millions of its users’ personal information to be fed to Cambridge Analytica, a firm that supported Donald Trump’s victorious presidential campaign in 2016. Terms of the settlement weren’t disclosed in court documents filed Aug 26. The filing in San Francisco federal court requested a 60-day stay of the action while lawyers finalize the settlement. That timeline suggested further details could be disclosed by late October.
Meta Platforms signed a $37.5 million class settlement with Facebook users who say the platform continued tracking their locations after they turned off location services on their devices, according to a filing in San Francisco federal court. The settlement by the US District Court for the Northern District of California covered about 70 million US residents who used Facebook between Jan. 30, 2015 and April 18, 2018 and who turned off the location services setting for the Facebook application on their iOS or Android devices.
Cox Communications parent company Cox Enterprises inked a deal to acquire well-known news outlet Axios for more than half a billion dollars, in a move the former pitched as part of an effort to diversify its business. As part of the transaction, Cox Enterprises CEO Alex Taylor will join Axios’ board. Axios co-founders Jim VandeHei, Mike Allen and Roy Schwartz will lead editorial operations and retain “substantial stakes” in the company.