White House Doesn't Want to Destroy Big Tech: Biden Adviser

Barrons2021-08-20

President Joe Biden’s White House doesn’t want to kill Big Tech. It just wants to make it more competitive, says Tim Wu, special assistant to the president for technology and competition policy. But ...

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精彩评论

robot1234
2021-08-20
robot1234
Better not procrastinate. China has already moved ahead with revised regulatory measures to curb monopoly practice and better data management. Lots of short term pain. Basically, all tech counters, including BAT, are affected and currently trading at ATL (all-time low). Long term, a win-win for both customers and service providers as a more regulated market will injet consumer confidence and enhanced demand.
YunaTuna
2021-08-20
YunaTuna
Oo
Ermmmmmm
2021-08-20
Ermmmmmm
Good to hear that
- YunaTuna:
  o
Ermmmmmm
2021-08-20
Ermmmmmm
Good to hear that
BlueDragon
2021-08-20
BlueDragon
They just want money, this is what they always do, when they need money. They done it to the banks, the automotive companies and now it is the Big Tech companies.
AdrinaChow
2021-08-20
AdrinaChow
Like

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It just wants to make it more competitive, says Tim Wu, special assistant to the president for technology and competition policy.\nBut ...</p>\n\n<a href=\"https://www.barrons.com/articles/white-house-wants-to-make-big-tech-better-not-destroy-it-tim-wu-says-51629406914?mod=hp_LEAD_2\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GOOGL","symbol_name":"谷歌A","start_time":0,"source_url":"https://www.barrons.com/articles/white-house-wants-to-make-big-tech-better-not-destroy-it-tim-wu-says-51629406914?mod=hp_LEAD_2","article_id":"1107393415","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1107393415","pubTimestamp":1629417913,"sourceInfo":{"source_id":"lsy1601382232898","name":"Barrons"},"weMediaInfo":null,"summary":"President Joe Biden’s White House doesn’t want to kill Big Tech. 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Wu begs to differ. “We want to emphasize the goal of this is, ultimately, a better tech industry,” Wu tells Barron’s.\nThrough a sprawling executive order, which Biden signed in July, the White House seeks to take several steps to curtail the power that is specific to Big Tech. It asks the Federal Trade Commission to develop policies that would more closely scrutinize mergers by the dominant internet platforms. And it outlines concerns around data collection, which the antitrust system may have difficulty tackling.\n“If you look at the executive order, you’ll notice that the concerns that are specific to the tech industry have to do with some of the business methods that have evolved,” Wu says, pointing to “barriers to entry or moats, or the means of controlling competition, that the tech industry seems to have done a good job of gaining itself. Those are, in some cases, novel or different, and perhaps particularly challenging for the antitrust system.”\nThose moats Wu is referring to are at the heart of a separate effort by the U.S. Federal Trade Commission to dismantle Facebook(ticker: FB) through antitrust litigation. After the agency’s first suit was dismissed in June, a federal judge gave the FTC a chance to rethink its argument and file an amended suit,which was filed Thursday. (Barron’sspoke to Wu before the amended suit was filed.)\nThe litigation expands on the government’s argument about why and how Facebook has achieved its dominant status, and why it violates antitrust statutes.\nThe amended complaint, filed in the U.S. District Court for the District of Columbia, seeks to separate Facebook from its WhatsApp and Instagram units. It seizes on Facebook’s transition to mobile devices as a crucial point in the company’s history when it was attempting to shift its advertising business away from desktop platforms. At the time Facebook recognized that mobile-based social networks could be an “existential challenge” for the company, according to the suit.\nIn a statement, a Facebook spokesman said the lawsuit has no merit, and that the company plans to vigorously defend itself. “The FTC’s claims are an effort to rewrite antitrust laws and upend settled expectations of merger review, declaring to the business community that no sale is ever final,” the spokesman wrote.\nEarlier, Wu was a key architect of the president’s executive order. The order goes well beyond Big Tech and too seeks to alter how the U.S. government regulates large corporations. Wu previously helped write an order in the final months of the Obama administration that was largely not enacted because Republican Donald Trump took the White House,according to The Wall Street Journal.\nFor Big Tech—Alphabet(GOOGL),Amazon.com(AMZN),Apple(AAPL), Facebook, and Microsoft(MSFT)—the order could have significant consequences.\nOf special concern to the administration are acquisitions that involve tech businesses buying a growing competitor—something Facebook and others have done in the past. Facebook’s finance chief David Wehner has told Barron’s the regulatory pressures around antitrust have dampened the acquisition appetite among all big tech companies, Facebook included.","kind":null,"is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":838450545,"gmtCreate":1629425136687,"gmtModify":1631884235236,"author":{"id":"3561596430587504","authorId":"3561596430587504","name":"robot1234","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3561596430587504","idStr":"3561596430587504"},"htmlText":"Better not procrastinate. China has already moved ahead with revised regulatory measures to curb monopoly practice and better&nbsp;data management. Lots of short term pain. Basically, all tech counters, including BAT, are affected and currently trading at ATL (all-time low). Long term, a win-win for both customers and service providers as a more regulated market will injet consumer confidence and enhanced&nbsp;demand.&nbsp;","listText":"Better not procrastinate. China has already moved ahead with revised regulatory measures to curb monopoly practice and better&nbsp;data management. Lots of short term pain. Basically, all tech counters, including BAT, are affected and currently trading at ATL (all-time low). Long term, a win-win for both customers and service providers as a more regulated market will injet consumer confidence and enhanced&nbsp;demand.&nbsp;","text":"Better not procrastinate. China has already moved ahead with revised regulatory measures to curb monopoly practice and better data management. Lots of short term pain. Basically, all tech counters, including BAT, are affected and currently trading at ATL (all-time low). Long term, a win-win for both customers and service providers as a more regulated market will injet consumer confidence and enhanced demand.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/838450545","repostId":1107393415,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":838587323,"gmtCreate":1629419555862,"gmtModify":1633685012817,"author":{"id":"3581809523229784","authorId":"3581809523229784","name":"YunaTuna","avatar":"https://static.tigerbbs.com/6463ed1450c2454bfc57b76274b06418","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581809523229784","idStr":"3581809523229784"},"htmlText":"Oo","listText":"Oo","text":"Oo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/838587323","repostId":1107393415,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":838515006,"gmtCreate":1629418959505,"gmtModify":1633685023885,"author":{"id":"4087557783698070","authorId":"4087557783698070","name":"Ermmmmmm","avatar":"https://static.tigerbbs.com/b89bbeb73fe9212f0b5efc7185ae8a51","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4087557783698070","idStr":"4087557783698070"},"htmlText":"Good to hear that&nbsp;","listText":"Good to hear that&nbsp;","text":"Good to hear that","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/838515006","repostId":1107393415,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5584911,"gmtCreate":1629419563938,"gmtModify":1635147382501,"authorId":3581809523229784,"author":{"id":3581809523229784,"idStr":"3581809523229784","authorId":3581809523229784,"name":"YunaTuna","avatar":"https://static.tigerbbs.com/6463ed1450c2454bfc57b76274b06418","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":838515006,"type":1,"supId":0,"prevId":0,"content":"<u>o</u>","text":"<u>o</u>","html":"<u>o</u>"}],"langContent":"EN"},{"id":838512221,"gmtCreate":1629418945863,"gmtModify":1633685024132,"author":{"id":"4087557783698070","authorId":"4087557783698070","name":"Ermmmmmm","avatar":"https://static.tigerbbs.com/b89bbeb73fe9212f0b5efc7185ae8a51","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4087557783698070","idStr":"4087557783698070"},"htmlText":"Good to hear that&nbsp;","listText":"Good to hear that&nbsp;","text":"Good to hear that","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/838512221","repostId":1107393415,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":838519542,"gmtCreate":1629418697286,"gmtModify":1631893584336,"author":{"id":"4087932884013320","authorId":"4087932884013320","name":"BlueDragon","avatar":"https://static.tigerbbs.com/431c326e19a16844e147d10866565f27","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4087932884013320","idStr":"4087932884013320"},"htmlText":"They just want money, this is what they always do, when they need money. They done it to the banks, the automotive companies and now it is the Big Tech companies.","listText":"They just want money, this is what they always do, when they need money. They done it to the banks, the automotive companies and now it is the Big Tech companies.","text":"They just want money, this is what they always do, when they need money. They done it to the banks, the automotive companies and now it is the Big Tech companies.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/838519542","repostId":1107393415,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":838519005,"gmtCreate":1629418673707,"gmtModify":1633685028879,"author":{"id":"3583131237618472","authorId":"3583131237618472","name":"AdrinaChow","avatar":"https://static.tigerbbs.com/d1b867f4c2019d6ec313665b1af8431b","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3583131237618472","idStr":"3583131237618472"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/838519005","repostId":1107393415,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":80,"commentSize":11,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1107393415"}