Facebook donated $34 million to pro-tech industry group American Edge Project as the nonprofit took on antitrust legislation.
to The Washington Post that it was contributing to the group. The person who works with American Edge told CNBC that the $4 million was also entirely from Facebook.
In June 2021, the House Judiciary Committee passed a package of sweeping tech antitrust reforms. The measures proposed new rules on the largest online platforms, like requiring them to have capabilities for users to easily transfer their data to other services, shifting the burden of proof in merger cases onto dominant tech platforms, blocking platforms from operating businesses with conflicts of interest and from advantaging their own products on platforms they run.
Taken together, the bills were poised to create a much more uncertain legal environment for Facebook and its peers, including by making it harder to acquire firms that could help their businesses grow.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Court ends challenge to 2021 Gulf oil and gas lease saleA lawsuit by environmentalists seeking to block the 2021 sale of Gulf of Mexico oil and gas leases auctioned off by the federal government was rejected Friday by a federal appeals court in Washington.
Read more »
Resident Evil's 2021 Reboot & Netflix Series Should Have Swapped StoriesResident Evil had 2 reboots released in quick succession with Welcome To Raccoon City and the Netflix show, but they should have swapped formats.
Read more »
To Beat the Virus, Colombia Tries Separating Men and Women (Published 2020)Colombia implements gender-based virus-prevention measures: “On odd- numbered days, men can leave the house to seek out essentials. On even-numbered days, it’s the women’s turn.” via newyorktimes
Read more »
Elizabeth Warren Endorses Joe Biden: ‘When You Disagree, He’ll Listen’ (Published 2020)She became the most high-profile progressive woman in the Democratic Party to expand the former vice president’s appeal among liberal voters.
Read more »
Anger Erupts in China After Teen Says Guardian Repeatedly Raped Her (Published 2020)An 18-year-old has accused a prominent lawyer of sexually abusing her for years. The case has become a pivotal test for China’s fledgling MeToo movement.
Read more »
Dragon Ball Super CG Value Watch: Early 2021 Sets In April 2023How have the DragonBallSuper Card Game sets Supreme Rivalry and Vicious Rejuvenation fallen in value since their 2021 release? Let's take a look at the DBSCG market. DragonBall
Read more »