This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
We actually have to take a hard look at whether these behemoths are killing off innovation and competition.”. and other tech companies have been facing backlash from lawmakers and regulators around the globe. David Cicilline (D-RhodeIsland) ended the hearing by saying the companies “have monopoly power.”
David Cicilline of RhodeIsland, who serves as subcommittee chairman. The second hearing focused on innovation and competitive impact on the tech space, and panelists included executives from Apple , Amazon and Google. We certainly would not want to regulate technology the same way we regulate municipal water.”.
This is a major weakness for data-driven businesses to emerge, grow and innovate today, including in Europe, but huge opportunities lie ahead.”. By way of example, the regulations would require a company such as Google to explain its search result processes. CFPB Files Suit Against Citizens Bank.
into cybersecurity startups globally — especially as tech companies have been largely at the center of privacy regulation issues. Currently, the company is involved in a class action lawsuit with RhodeIsland’s Pension Fund related to the data breaches. Collectively, FAMGA has poured nearly $2.5B
The company also found itself confronted by conflicting energy program mandates and regulations. Torris said Boo.com also spent too much on advertising and promotions and failed to keep pushing forward on technology innovations. Select VC Investors: RhodeIsland Economic Development Corporation. via GreenTech Media. .
Across a trio of hearings , Facebook was grilled about Libra , the cryptocurrency program that has been increasingly drawing scrutiny from regulators. He said there has been a “less open” environment that has become “hostile to innovation and entrepreneurship.” Cicilline noted there have not been challenges from antitrust regulators.
Representatives on the House Financial Services Committee had a few encouraging words for Marcus in terms of the wonder of innovation — and a lot of questions as to whether Facebook should really be going into the currency innovation business. But his follow-up indicated that he was more pro-innovation than specifically pro-Facebook.
The move, according to the publication, would subject the digital coin to “a set of extensive and well established regulations.”. However, we believe that it is important to regulate activities and not technologies, allowing for responsible innovation to flourish.”. Apple Gets a Look Too. Citigroup Fined.
Three other states are ready to do so, according to one analysis : Pennsylvania, New York and RhodeIsland — all of which have some form of pre-fabricated legislation paving the way for sports betting. The state allows both online and offline sports betting, with regulation oversight provided by the West Virginia Lottery Commission.
We organize all of the trending information in your field so you don't have to. Join 23,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content