A Tuesday afternoon panel of the House Judiciary Committee focused on whether it’s time for Congress to rein in these companies, which are among the largest on Earth by several measures. Central to that case is whether their business practices run afoul of century-old laws originally designed to combat railroad and oil monopolies.
The House Antitrust Subcommittee is holding the second of its two Big Tech hearings this week, hearing from the FAAG in FAANG, lacking only Netflix among the witness list and definitely meeting the criteria for the hearing’s title.
While a $5 billion fine from the FTC, which Facebook has been expecting, is by far the largest the agency has levied on a technology company, the real worries for Facebook — and its investors and the companies that use it to advertise on its service — are the other restrictions and government oversight that might come with it.
There’s a lot that newsrooms could and should learn from what’s made platform and technology companies successful, sometimes at the direct expense of legacy news business models. Here are seven top takeaways.
President Trump has signaled that social media platforms need to be fair — specifically talking about not censoring conservative speakers — and said his administration would try to make sure they were. He called Thursday (July 11) a “historic day” and said that never before had so many social media “journalists and influencers” come together, with power he suggested that trumps that of the traditional media he so frequently attacks, and did again.
After a year of debate and criticism, an effort to add to a policy on banned speech led to a narrower restriction that applies only when religious groups are targeted.
As legislation is being proposed to regulate Big Tech, broadcasters should realize that any regulation involving use of the internet by business will eventually affect television stations, particularly any encroachment on the First Amendment. This is a genuine concern because one of the bubbling issues is who can post what information.
Five mornings a week, Paul Gerke performs typical morning-anchor duties as part of the Today in Arizona team on Tegna’s KPNX Phoenix. But on some Fridays, he steps away at 6 a.m. and delivers a segment of his own — Paul’s Extra Point — that is resonating on social media by breaking away from the standard TV formula.