Bill Gates shares with Mark Zuckerberg his prior personal experiences of testifying before Congress.
Peter Prince

2018-09-13 19:38:00 Thu ET

Bill Gates shares with Mark Zuckerberg his prior personal experiences of testifying on behalf of Microsoft before U.S. Congress. Both drop out of Harvard to pursue their software companies, and both testify before Congress over their corporate actions and decisions.

Gates warns Zuckerberg to be mindful of Washington (because the Department of Justice both fought and dominated 3-year lawsuits against Microsoft in response to the Gates defiant tone that the computer industry is hyper-competitive with no need for quick fixes).

Zuckerberg now faces a similar legal quagmire. Facebook has to employ artificial intelligence advances to fix several issues in relation to foreign interference in U.S. elections, Cambridge Analytica user privacy invasion, and offshore tax avoidance.

As a social media outlet in direct competition with Twitter, Facebook faces similar regulatory scrutiny from Washington (because Microsoft raised antitrust concerns about its Windows computer system and Office-Internet-Explorer software suites).

In the next decade, both U.S. and E.U. authorities either regulate or break up tech titans such as Facebook, Twitter, and Google for better consumer protection and tech market competition. In fact, the Microsoft antitrust case has deep implications for big tech regulation.

It is indeed anti-competitive for tech titans to orchestrate their platforms to favor their own software products. Thus, the European Union slaps a $2.7 billion fine on Google for tilting online search results to stifle competition.

Section 230 of the Communications Decency Act shields tech companies such as Facebook, Twitter, Google, YouTube, and IBM etc from any potential deterioration in the overall quality of online content curation. Meanwhile, it is still difficult for U.S. and E.U. regulators to hold tech titans responsible for their online content curation and software service provision due to scant legislation.

With respect to the widespread use and adoption of information communication technology (ICT), no reasonable court would attempt to set an intrusive precedent at the risk of shaking up the U.S. ICT industry both in Silicon Valley and elsewhere.

It may be easier for these regulators to impose one-off, ad hoc, and sporadic fines and penalties on tech companies due to both antitrust and tax avoidance concerns.

 


If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.

Blog+More
Amazon CEO Jeff Bezos admits the fact that antitrust scrutiny remains a primary imminent threat to his e-commerce business empire.
John Fourier

2019-04-17 11:34:00 Wednesday ET

Amazon CEO Jeff Bezos admits the fact that antitrust scrutiny remains a primary imminent threat to his e-commerce business empire.

Amazon CEO Jeff Bezos admits the fact that antitrust scrutiny remains a primary imminent threat to his e-commerce business empire. In his annual letter to A

+See More
Fed Chair Jerome Powell sees a remarkably positive outlook for the U.S. economy in early-October 2018.
Charlene Vos

2018-10-03 11:37:00 Wednesday ET

Fed Chair Jerome Powell sees a remarkably positive outlook for the U.S. economy in early-October 2018.

Fed Chair Jerome Powell sees a remarkably positive outlook for the U.S. economy right after the recent interest rate hike as of September 2018. He humbly su

+See More
China turns on its 5G telecom networks in the hot pursuit of global tech supremacy.
Becky Berkman

2019-12-07 11:30:00 Saturday ET

China turns on its 5G telecom networks in the hot pursuit of global tech supremacy.

China turns on its 5G telecom networks in the hot pursuit of global tech supremacy. China Telecom, China Unicom, and China Mobile disclose 5G fees of $18-$2

+See More
President Trump criticizes the WTO and proposes indexing capital gains taxes to inflation for U.S. investors.
Charlene Vos

2018-08-29 10:37:00 Wednesday ET

President Trump criticizes the WTO and proposes indexing capital gains taxes to inflation for U.S. investors.

In an exclusive interview with Bloomberg, President Trump criticizes the World Trade Organization (WTO), proposes indexing capital gains taxes to inflation

+See More
U.S. Treasury officially designates China a key currency manipulator in the broader context of Sino-American trade dispute resolution.
Becky Berkman

2019-09-15 14:35:00 Sunday ET

U.S. Treasury officially designates China a key currency manipulator in the broader context of Sino-American trade dispute resolution.

U.S. Treasury officially designates China a key currency manipulator in the broader context of Sino-American trade dispute resolution. The U.S. Treasury cla

+See More
Chicago financial economist Raghuram Rajan views communities as the third pillar of liberal democracy.
Jonah Whanau

2019-02-25 12:41:00 Monday ET

Chicago financial economist Raghuram Rajan views communities as the third pillar of liberal democracy.

Chicago financial economist Raghuram Rajan views communities as the third pillar of liberal democracy in addition to open markets and states. Rajan suggests

+See More