Former Facebook executive Chamath Palihapitiya told the CB Insights conference that regulators are going to come down hard on Big Tech in the next 10 years.
He believes regulators will tax companies like Facebook, Google, Apple, and Amazon "to death" and that they will eventually get their way in the end.Former Facebook executive Chamath Palihapitiya believes that governments will break up the world's largest technology companies over the next decade.
"First, they'll get taxed to death, then they'll get trust-busted," he told the Financial Times's Robin Wigglesworth on a video call that was broadcast as part of the CB Insights tech conference. While at Facebook, Palihapitiya made side investments in a start-up that was acquired by Google and a start-up that was acquired by The Walt Disney Company. He also backed Peter Thiel's Palantir, which is now valued at over $20 billion. He left Facebook in 2011 to start his own venture capital fund called Social Capital, which has backed messaging app Slack.into Apple. The first one centers on whether or not its right for Apple's App Store to take a commission on in-app purchases.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Hawley introduces bill targeting Big Tech companies over political censorship concernsSen. Josh Hawley, R-Mo., introduced legislation Wednesday to give Americans the ability to sue major tech companies like Facebook, Google and Twitter if they engage in selective censorship of political speech.
Lire la suite »
U.S. government proposes rolling back protections for big techThe U.S. Justice Department proposed on Wednesday that Congress take up legislation to curb protections big tech platforms like Alphabet's Google and Facebook have had for decades, a senior official said, following through on U.S. President Donald Trump's bid to crack down on tech giants.
Lire la suite »
Antifa, Big Tech, and abortion: Republicans bring culture war to police brutality debateThe House Judiciary Committee just approved a major police reform bill on a party-line vote. Yet for much of the day, the panel was ensnared in acrimonious cultural and political quarrels that had little to do with the underlying issue of police brutality
Lire la suite »
Former US chief technology officer on DOJ proposal to limit Big Tech protectionsThe Justice Department introduced a proposal that would roll back legal protection for social media companies, which would ultimately change the way content is policed. The outline represents an escalation in the battle between Silicon Valley and Washington. Aneesh Chopra, president of CareJourney who also served as the first U.S. Chief Technology Officer under President Obama, joins 'Squawk Box' to discuss.
Lire la suite »
Big Brother's Kate Lawler lifts lid on secret WhatsApp group with ex housematesBig Brother star Kate Lawler has opened up about her secret WhatsApp group with co-star Alison Hammond and their former housemates
Lire la suite »
Boycott Facebook: Civil rights groups call on big advertisers to yank ads over hate speech policiesA coalition of civil rights groups is calling on major advertisers to yank their marketing messages from Facebook in July to protest the social network’s failure to remove hate speech.
Lire la suite »