Big Tech comprises a handful of technology companies with access to vast swathes of data, which gives them incredible power – too much, in the eyes of many governments and regulators. While never far from the regulatory spotlight, these companies have been facing significant pushback in recent months.
On Monday, US Democratic Senator Amy Klobuchar called for legislation <\/a>that would strip tech companies of their legal immunity when they “amplify” hate speech or election falsehoods.
<\/strong>Claiming that technology companies are making money off violence, she said: “I would reduce their immunity in a way that would allow people to go after them when they are making money off of amplifying election falsehoods and hate speech.”
Klobuchar’s comments echo the views of the Indian government, too, which has warned Twitter from fuelling hate and ordered the takedown of tweets or profiles that might stir any sort of violence.
In response, Twitter approached the Karnataka High Court terming these orders “manifestly arbitrary, and procedurally and substantially not in consonance” with Section 69A of the IT Act.
Social media firms aren’t the only ones that find themselves cornered.
On Tuesday, Google<\/a> said it was pausing the enforcement of a policy that requires app developers in India to use its proprietary billing system <\/a>for selling digital goods, following a ruling by the Competition Commission of India (CCI).
And last month, the CCI fined Google over Rs 2,200 crore, accusing it of anti-competitive practices and abusing its dominant position in multiple markets with its Android<\/a> mobile operating system.
The Indian government has also said it will set up an appeals panel amid concerns that users have no recourse if they object to moderation decisions of firms such as Meta<\/a>, Twitter, or Google.
In August, Australia's competition watchdog fined Google $42.7 million for misleading users about the collection of their personal location data.
Zuckerburg-led Meta was fined over $400 million in September for breaking European Union data privacy laws for its treatment of children’s data on Instagram<\/a> and then hit with another antitrust breach order in Turkey for combining user data across Facebook, WhatsApp, and Instagram.
Falling stocks & raging protests<\/strong>
US tech stocks, usually the benchmark for global investors, have taken a massive beating in 2022 as weak economic growth, rising inflation, rapid rate hikes, and a strong dollar have taken a toll on these companies.
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Meta, which lost over $75 billion in market value following one of its biggest stock crashes on Monday, has shed more than half a trillion dollars in market value so far this year. Shares of other Big Tech firms have also plummeted following lower-than-expected revenue earnings and muted growth guidance.
Amazon<\/a>’s market value fell below $1 trillion after its disappointing earnings report and the stock fell as much as 12% after the e-commerce giant projected the slowest holiday-quarter growth in the company’s history.
Apple<\/a>’s stock has fallen 14% in 2022 while Microsoft<\/a>’s has nosedived 30%, Tesla’s 43%, and Meta’s a mammoth 70%. Most of these firms have either paused hiring or laid off workers to improve their operating margins amid heightened market volatility and retreating investors.
Labour unrest, particularly Amazon and Apple, has worsened their woes.
The unionisation movement at Amazon, has gained momentum in the US and percolated to other parts of the world such as Coventry in the UK. So far, Amazon has successfully fended off these movements.
In the case of Apple, about 150 workers stopped work for an hour in October to protest the paltry 2.6% hike in labour wages. Hundreds of workers are expected to strike again after two-thirds of the employees rejected a pay and benefits proposal.
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大型科技股公司在过去的几个月里一直在边缘百万美元的罚款,背信罪的指控和数据隐私,和劳资纠纷之际,一个重大的溃败的股市担心即将到来的衰退。
大型科技由少数科技公司提供大量的数据,这让他们难以置信的力量——太多,许多政府和监管机构的的眼睛。虽然永远不会远离监管关注的焦点,这些公司在最近几个月已经面临很大的阻力。
周一,美国民主党参议员艾米•克劳布查呼吁立法这将剥夺科技公司的法律豁免权时“放大”仇恨言论或选举谎言。
声称科技公司赚钱了暴力,她说:“我将减少他们的免疫力的方式将允许人们去追求他们当他们赚钱的放大选举谎言和仇恨言论。”
Klobuchar言论呼应的印度政府的观点,也警告说Twitter加剧仇恨和下令拆卸tweet或者配置文件会引起任何形式的暴力。
作为回应,Twitter靠近卡纳塔克邦最高法院在这些订单”明显任意,顺序和明显不相符合”与69条款的行为。
社交媒体公司并不是唯一,发现自己走投无路。
周二,谷歌说这是暂停执行的政策要求应用程序开发人员在印度使用其专有的计费系统销售电子产品,竞争委员会裁决后的印度(CCI)。
上个月,谷歌CCI罚款2200卢比,指控其反竞争行为和滥用其在多个市场的主导地位安卓移动操作系统。
印度政府还表示,将成立上诉小组由于担心用户没有追索权,如果他们反对适度等公司的决定元、Twitter或者谷歌。
8月份,澳大利亚的竞争监管机构罚款谷歌4270万美元误导用户对个人位置数据的集合。
Zuckerburg-led元被罚款超过4亿美元违反欧盟9月数据隐私法治疗儿童的数据Instagram然后用另一个在土耳其反垄断违反秩序结合在Facebook上的用户数据,WhatsApp, Instagram。
股市下跌和愤怒的抗议
美国科技股,通常是全球投资者的基准,在2022年实现了巨大的跳动是疲弱的经济增长,通货膨胀,快速升息,强势美元严重影响了这些公司。
元,损失了超过750亿美元的市值最大的周一股市崩溃后,已经下跌了超过一万亿美元的市值今年迄今为止。其他大型科技公司的股价也暴跌后收益低于预期收益和温和增长指导。
亚马逊的市值低于1万亿美元后令人失望的盈利报告和股票下跌12%之后,电子商务巨头预计增长最慢的假期在公司的历史。
苹果2022年的股票已经下跌了14%微软的骤降30%,特斯拉的43%,和元是一个庞大的70%。大多数这样的公司已经暂停招聘或解雇工人提高营业利润率有所加剧市场波动和撤退的投资者。
劳资纠纷,特别是亚马逊和苹果,加剧他们的困境。
加入工会运动在亚马逊,势头在美国和扩散到世界的其他地方,比如在英国考文垂。到目前为止,亚马逊一直成功规避了这些运动。
在苹果的情况下,大约150名工人停止工作一个小时10月抗议微不足道的劳动力工资上涨2.6%。数以百计的工人会罢工后又三分之二的员工拒绝了工资和福利的建议。
大型科技由少数科技公司提供大量的数据,这让他们难以置信的力量——太多,许多政府和监管机构的的眼睛。虽然永远不会远离监管关注的焦点,这些公司在最近几个月已经面临很大的阻力。
周一,美国民主党参议员艾米•克劳布查呼吁立法这将剥夺科技公司的法律豁免权时“放大”仇恨言论或选举谎言。
声称科技公司赚钱了暴力,她说:“我将减少他们的免疫力的方式将允许人们去追求他们当他们赚钱的放大选举谎言和仇恨言论。”
Klobuchar言论呼应的印度政府的观点,也警告说Twitter加剧仇恨和下令拆卸tweet或者配置文件会引起任何形式的暴力。
作为回应,Twitter靠近卡纳塔克邦最高法院在这些订单”明显任意,顺序和明显不相符合”与69条款的行为。
社交媒体公司并不是唯一,发现自己走投无路。
周二,谷歌说这是暂停执行的政策要求应用程序开发人员在印度使用其专有的计费系统销售电子产品,竞争委员会裁决后的印度(CCI)。
上个月,谷歌CCI罚款2200卢比,指控其反竞争行为和滥用其在多个市场的主导地位安卓移动操作系统。
印度政府还表示,将成立上诉小组由于担心用户没有追索权,如果他们反对适度等公司的决定元、Twitter或者谷歌。
8月份,澳大利亚的竞争监管机构罚款谷歌4270万美元误导用户对个人位置数据的集合。
Zuckerburg-led元被罚款超过4亿美元违反欧盟9月数据隐私法治疗儿童的数据Instagram然后用另一个在土耳其反垄断违反秩序结合在Facebook上的用户数据,WhatsApp, Instagram。
股市下跌和愤怒的抗议
美国科技股,通常是全球投资者的基准,在2022年实现了巨大的跳动是疲弱的经济增长,通货膨胀,快速升息,强势美元严重影响了这些公司。
元,损失了超过750亿美元的市值最大的周一股市崩溃后,已经下跌了超过一万亿美元的市值今年迄今为止。其他大型科技公司的股价也暴跌后收益低于预期收益和温和增长指导。
亚马逊的市值低于1万亿美元后令人失望的盈利报告和股票下跌12%之后,电子商务巨头预计增长最慢的假期在公司的历史。
苹果2022年的股票已经下跌了14%微软的骤降30%,特斯拉的43%,和元是一个庞大的70%。大多数这样的公司已经暂停招聘或解雇工人提高营业利润率有所加剧市场波动和撤退的投资者。
劳资纠纷,特别是亚马逊和苹果,加剧他们的困境。
加入工会运动在亚马逊,势头在美国和扩散到世界的其他地方,比如在英国考文垂。到目前为止,亚马逊一直成功规避了这些运动。
在苹果的情况下,大约150名工人停止工作一个小时10月抗议微不足道的劳动力工资上涨2.6%。数以百计的工人会罢工后又三分之二的员工拒绝了工资和福利的建议。
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