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How Looming Privacy Regulations May Strengthen Facebook and Google Photo Facebook and Google may emerge stronger after Europe enacts sweeping new regulations that prioritize people’s data privacy. Credit Tomi Setala/Bloomberg SAN FRANCISCO — In Europe and the United States, the conventional wisdom is that regulation is needed to force Silicon Valley’s digital giants to respect people’s online privacy.
But new rules may instead serve to strengthen Facebook’s and Google’s hegemony and extend their lead on the internet.
That could begin playing out next month, when Europe enacts sweeping new regulations that prioritize people’s data privacy. The new laws, which require tech companies to ask for users’ consent for their data, are likely to hand Google and Facebook an advantage. That’s because wary consumers are more prone to trust recognized names with their information than unfamiliar newcomers. And the laws may deter start-ups that do not have the resources to comply with the rules from ..
Apple’s Deal for Shazam Delayed in Europe Over Data Concerns Photo European regulators announced an investigation into Apple’s proposed acquisition of Shazam, the song-identification app, over concerns that Apple would acquire data on competitors. Credit Chris Ratcliffe/Bloomberg LONDON — If data is the most valuable currency of the digital economy, at what point does a company have so much that it becomes unfair?
That’s a question antitrust experts are increasingly asking themselves as the world’s biggest technology companies harvest more and more information about people and businesses. On Monday, European regulators pushed the idea forward, announcing an investigation into Apple’s proposed acquisition of the song-identification app Shazam over concerns the iPhone maker would get access to data on competitors like Spotify.
Antitrust cases, particularly in the United States, are typically argued over the impact a deal will have on consumers, such as the price of a product or service. ..
One of the largest single payouts to a public company executive in recent years
Google chief executive Sundar Pichai is about to have a very big week. On Wednesday, an award of 353,939 restricted shares he received before a promotion in 2014 will vest.
At the end of last week, the grant was worth about $380m (£272m), making it one of the largest single payouts to a public company executive in recent years, according to data compiled by Bloomberg.
Mr Pichai, 45, who has led Alphabet’s Google ince 2015, received the shares before his promotion to senior vice president of products a year earlier, when he took over many of co-founder Larry Page’s responsibilities.
Read more Hunt threatens Facebook and Google with new age-limit laws The award swelled in value as Alphabet’s stock surged 90 per cent since the grant date, compared with a 39 per cent advance of the S&P 500. He has received two more nine-figure stock grants since then. The company has yet to disclose Pichai’s compensati..
Potential impact on editorial independence and media plurality cited
The culture secretary, Matt Hancock, has said he is “minded to” intervene in Trinity Mirror's proposed purchase of the Daily Express, Daily Star and a number of other titles on two public-interest grounds.
He cited the potential impact the transfer of newspapers would have on editorial decision making and independence, as well as the need for a sufficient plurality of views in newspapers.
Trinity Mirror also plans to buy the Sunday Express, Daily Star and celebrity magazine OK!, among other titles, from Richard Desmond's Northern and Shell.
Read more Daily Mirror publisher Trinity to change name to Reach Mr Hancock said he had taken into account that the merged entity would own 9 out of 20 national UK newspaper titles.
It would become “the second largest national newspaper organisation in circulation terms, with a 28 per cent share of average monthly circulation based on circulation figures for 2017..
Two South African environment champions have won the Goldman prize for stopping a Russian nuclear deal.
It's true that the latest figures show that their growth has plateaued but there are still too many people on them who are being exploited and the Government's proposed response is woeful
There would appear to be modest signs of progress when it comes to the exploitative zero hours contracts that hundreds of thousands of Britons find themselves stuck on in the latest data.
Official figures show the number of firms using them did rise to 1.8m in the year to November, up from 1.7m the previous year.
Not exactly good news, but the Office for National Statistics noted that the survey methodology had changed so cautioned against drawing firm conclusions.
Read more Number of zero-hours contracts rises by 100,000 in 2017, says ONS McDonald's faces more strikes as union ballots workers One in three zero-hours workers juggle at least two jobs at same time Meanwhile the proportion of the workforce on them stayed flat at 6 per cent, and the available evidence at least seem..
One of the world's top financial economists said his current research made him concerned that credit was once again being granted too liberally, just as it was before the 2008 meltdown
Devious code is sending people to fraudulent quiz and contest pages, so ignore that “lucky winner” notice and run a security scan.
Inside a record store in Kenyatta market, Nairobi, crate-digging enthusiasts search for African music gems. At stall 570 vinyl culture is thriving.
The MoneySavingExpert founder is unhappy over fake ads bearing his likeness and name
A knockout judgement against Facebook coming from a libel suit planned by personal finance guru Martin Lewis, the founder of MoneySavingExpert? It would barely register as a financial hit.
In 2017 – characterised as a ‘hard year’ for the social network – it generated $12.8bn (£9.2bn) in revenues, up 49 per cent, and turned a net profit of $4.3bn on that.
Its growth might be slowing, users might be spending less time on it, but the financial train is still rolling along the tracks. The company looks set to gobble up close to a fifth of the enormous digital ad market this year.
Read more Martin Lewis to take legal action against Facebook over 'scam ads' Bitcoin fraudsters using images of celebrities to scam people Martin Lewis: Students 'can't trust Government to keep its word' The 2018 first quarter numbers that are due on Wednesday will be closed watched for any sign ..
