Tech Giants (Still) in Denial
To view in your browser, click here. Friday, June 14
As I spoke with Rep. Ro Khanna for a story on tech regulation last week, I asked what the tech giants were telling him as federal regulators examined their companies. "They see themselves still as very positive actors in the world. And they think that they're trying to connect the world and provide more information. And so, partly there's a sense of hurt that they are seen as actors causing harm. And this has been a cognitive dissonance in the tech psyche, over the last few years — that they've gone from the celebrated heroes of the time to a greater ambivalence in their role. What I have said is that the next stage for technology leaders and Silicon Valley is to have more humanists, to have more thinkers, to really ponder how the tools of this technology revolution can be used to create more jobs and opportunities that enhance our democracy and enable more people to lead meaningful lives." Publicly contrite — claiming "we're taking a broader view of our responsibility"— the tech giants are still acting defensive and telling the same old story to members of the federal government. They are welcome to make their case. But it doesn't seem like they're in a deep introspective moment.
"We already have in our possession the tools we need to enforce the antitrust laws in cases involving digital technologies. U.S. antitrust law is flexible enough to be applied to markets old and new.
This should send chills down some spines in Mountain View and Cupertino.
Apple tip
Up until Tuesday, I would cancel Apple subscriptions via the Settings app. Doing this was a real pain. The process involves tapping into Settings, tapping your name, tapping iTunes & App Store, tapping your Apple ID, tapping View Apple ID, then signing in, then tapping Subscriptions, and then tapping into Active Subscriptions and cancelling.
Facebook's New Cryptocurrency, Libra, Gets Big Backers by AnnaMaria Andriotis, Peter Rudegeair and Liz Hoffman at the Wall Street Journal
Joe Biden's Twitter fight with Amazon perfectly sums up the battle over America's new tax code by Ylan Mui at CNBC
Photos Of Travelers Coming In And Out Of The US Have Been Hacked And Stolen by Davey Alba and Hamed Aleaziz here at BuzzFeed News
Amazon's Choice Is An Algorithmic Mess by Nicole Nguyen, also at BuzzFeed News
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