Facebook warns of ‘headwinds’ to its ad business from regulators and Apple

Facebook posted its second quarter earnings Wednesday, beating expectations with $29 billion in revenue. The world’s biggest social media company was expected to report $27.8 billion in revenue for the quarter, a 50% increase from the same period in 2020. Facebook reported earnings per share of $3.61, which also bested expectations. The company’s revenue was […]

After a decade, Congress might finally bring 911 into the internet age

When it comes to user-interface design, 911 is about as good as it gets. It’s the “most recognized number in the United States,” Steve Souder, a prominent 911 leader, points out. Simple, fast, and it works from any telephone in the United States. No matter what the emergency is, the call takers on the other […]

What the growing federal focus on ESG means for private markets

Anthony Cimino Contributor Anthony Cimino, head of policy at Carta, works with policymakers and innovators to drive economic opportunity through expanding equity ownership and private market liquidity. The increasing regulation of ESG (environmental, social, governance) disclosure reporting may have started in the public markets, but will almost certainly have downstream effects for private market actors […]

Biden’s sweeping executive order takes on Big Tech’s ‘bad mergers,’ ISPs and more

The Biden administration just introduced a sweeping, ambitious plan to forcibly inject competition into some consolidated sectors of the American economy — the tech sector prominent among them — through executive action. “Today President Biden is taking decisive action to reduce the trend of corporate consolidation, increase competition, and deliver concrete benefits to America’s consumers, […]

Evernote quietly disappeared from an anti-surveillance lobbying group’s website

In 2013, eight tech companies were accused of funneling their users’ data to the U.S. National Security Agency under the so-called PRISM program, according to highly classified government documents leaked by NSA whistleblower Edward Snowden. Six months later, the tech companies formed a coalition under the name Reform Government Surveillance, which as the name would […]

Perspectives on tackling Big Tech’s market power

The need for markets-focused competition watchdogs and consumer-centric privacy regulators to think outside their respective ‘legal silos’ and find creative ways to work together to tackle the challenge of big tech market power was the impetus for a couple of fascinating panel discussions organized by the Centre for Economic Policy Research (CEPR), which were livestreamed […]

Supreme Court revives LinkedIn case to protect user data from web scrapers

The Supreme Court has given LinkedIn another chance to stop a rival company from scraping personal information from users’ public profiles, a practice LinkedIn says should be illegal but one that could have broad ramifications for internet researchers and archivists. LinkedIn lost its case against Hiq Labs in 2019 after the U.S. Ninth Circuit Court […]

First findings with Apple’s new AirTag location devices

I’ve been playing around with Apple’s new AirTag location devices for a few hours now and they seem to work pretty much as advertised. The setup flow is simple and clean, taking clear inspiration from the one Apple developed for AirPods. The precision finding feature enabled by the U1 chip works as a solid example […]

Lawmakers press Instagram for details on its plans for kids

A group of Democratic lawmakers wrote to Mark Zuckerberg this week to press the CEO on his plans to curate a version of Instagram for children. In a hearing last month, Zuckerberg confirmed reporting by BuzzFeed that the company was exploring an age-gated version of its app designed for young users. Senators Ed Markey (D-MA), […]

Watch Zuckerberg, Pichai and Dorsey testify at the House hearing on disinformation and extremism

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