Facebook whistleblower on 'harmful but legal' content - FT interview

Frances Haugen talks to the FT's European tech correspondent Madhumita Murgia about the 'huge opportunity' to introduce strong new digital laws, and why she chose to speak out against the social media giant.

 

How to deal with big tech - The Economist

Senator Amy Klobuchar is leading a crusade against big-tech giants such as Apple, Amazon, Microsoft, Facebook and Google. These companies dominate the S&P 500 and wield a huge amount of influence. Should they be broken up?

How to Regulate Big Tech? Ideas from the BIS

The U.S. House Judiciary subcommittee, in a 449-page report last October characterized Amazon, Apple, Facebook and Google as “gatekeepers” with “significant and durable market power.” The antitrust panel acknowledged open competition’s economic benefits and opportunities but compared the Big Techs to “the kinds of monopolies we last saw in the era of oil barons and railroad tycoons.”

“Big Techs have done something quite remarkable,” Agustín Carstens, general manager of the Bank for International Settlements (BIS), said in a January talk, Public Policy for Big Techs in Finance. “Within less than two decades, they have gone from being startups to dominating a range of markets. This is unprecedented,” Carstens said, noting that financial services accounted for “only 11%” of Big Tech revenues “so far.” 

In Fintech Regulation: How to Achieve a Level Playing Field, a paper published in early February, Fernando Restoy, chairman of the BIS Financial Stability Institute (FSI), examines the straightforward “same activity, same regulation” principle alongside so-called entity-based regulation. 

The full article here; How to Regulate Big Tech? The BIS Has Some Ideas