Tech Brew Ride Home Wed. 09/06 – The Modern Antitrust Era Begins Now
Sep 6, 2023
The European Union has outlined 22 services under its Digital Markets Act, targeting tech giants like Apple and Microsoft. Meanwhile, the highly anticipated antitrust trial against Google signals a turning point in tech regulations. A startling report reveals that modern cars may compromise our privacy. In cryptocurrency, only six billionaires dominate the scene among 425 million holders, particularly younger generations. Lastly, NYC's new Airbnb regulations could forever alter the landscape of short-term rentals, complicating the housing crisis.
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EU's Digital Markets Act Targets Big Tech
- The EU's Digital Markets Act targets 22 big tech services, including Google Search, Apple's App Store, and Amazon Marketplace.
- Companies like TikTok and Facebook have six months to comply or challenge the rules in court.
UK Reconsiders Online Safety Bill
- The UK is reconsidering its Online Safety Bill and delaying the implementation of scanning encrypted messages.
- This comes after concerns that the bill threatens user privacy and prompted tech companies to threaten leaving the UK market.
US v. Google Antitrust Trial Begins
- The US v. Google antitrust trial begins, marking the first major tech monopoly case since the US v. Microsoft in 1998.
- The trial will focus on whether Google's dominance in search was illegally obtained and maintained.