Tech companies have a major advantage: Democrats and Republicans appear to hold little common ground on how to fix the growing distrust of the tech industry
President Donald Trump threatened to open a probe into whether Google is committing “treason.” Sen. Bernie Sanders said he would push to break up Facebook, Google and Amazon. Sen. Ted Cruz took aim at Google in his campaign against alleged censorship of conservatives. And Democrats accused the internet giants of squelching competitors and slammed Facebook’s plans to offer a digital currency.
She also scoffed at the $5 billion fine that the Federal Trade Commission has proposed imposing on Facebook in a fine for its violations of users’ privacy — a complaint that puts the conservative Tennessean in much the same camp as liberal Massachusetts Sen. Elizabeth Warren. "It should have been $50 billion," Blackburn said.
But Hawaii Sen. Mazie Hirono, the top Democrat on Cruz’s Judiciary subcommittee, hammered Republicans for even having Tuesday’s tech bias hearing — saying they are "browbeating the tech industry for a problem that does not exist." Trump had kicked off the day by entertaining a gravely serious accusation about Google: He said his administration would look into a charge by tech investor and Facebook board member Peter Thiel — and, Trump tweeted, "a great and brilliant guy who knows this subject better than anyone!” — that Google may be committing “treason” through its work in China. That suggested that he may urge the Justice Department to launch an investigation into the matter.
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Silicon Valley is trapped in political purgatoryFacebook can shrug off a $5 bln fine over privacy but the U.S. Treasury is questioning its crypto-coin plan. It also faces, with others, an antitrust grilling in Congress. Big tech doesn’t want a Wall St-like straitjacket, but growth will suffer without clear rules of the road.
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Peter Thiel's comments about spies in Silicon Valley have some basis in reality, but no evidenceBut it's important to separate this very real threat from Thiel's specific allegations about Google, which were presented without proof, and from his claims that Google has participated in 'treasonous' activity.
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NBC News to launch news programs for millennials on QuibiNBC News will create morning and evening news shows aimed at millennials on Quibi, a new video streaming app backed by studio mogul Jeffrey Katzenberg and Silicon Valley tech veteran Meg Whitman.
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Congress Puts Big Tech in CrosshairsConcerns about the power of Big Tech echoed across the capital, with politicians in both parties demanding more regulatory scrutiny of four giant companies’ reach and plans for expansion.
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Peter Thiel, Trump's biggest fan in Silicon Valley, says he is 'most scared' of Elizabeth Warren in the presidential racePeter Thiel said Elizabeth Warren has the edge over the other Democratic candidates because she is 'actually talking about the economy.'
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Peter Thiel says FBI, CIA should probe Google’s ‘seemingly treasonous’ ties to ChinaPeter Thiel, a Facebook board member and President Donald Trump’s most vocal backer in Silicon Valley, accused Google of being infiltrated by Chinese intelligence.
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