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What does a government reckoning with Google and Facebook mean for retail?

Share it So you want to launch an online retail business. Cool! Let s get started. First you ll need a website and inventory to make an online store. Now you need customers. They re out there, surely, somewhere on the internet.  To find them, chances are you re going to have to go through at least one of three giant tech companies: Google, Facebook or Amazon. Together those companies are valued at nearly $4 trillion. All three dominate key features of online commerce and the internet s current infrastructure.  EMarketer has called Google and Facebook a duopoly in online advertising, together accounting for more than 52% of the market. Amazon, with an expanding advertising arm, has a growing but still much smaller share. For many traditional and online retailers, advertising on Amazon may be a nonstarter, given that they see the e-commerce giant as a competitor. That leaves, to a large degree, Google and Facebook. 

Facebook hires first chief compliance officer amid regulatory scrutiny -- Society s Child -- Sott net

to the company raising concerns about it continuing to recommend political groups to users despite top executives claiming the platform would stop doing so. Markey said that the situation cast doubt on Facebook s compliance. These findings cast serious doubt on Facebook s compliance with the promises you have publicly made to me and to your users, Markey said at the time, referencing CEO Mark Zuckerberg s statement to a Senate committee that Facebook had taken the step of stopping recommendations in groups for all political content on social issue groups. Facebook has had a compliance group, but Moriz will be the first to be a dedicated compliance officer, the

Facebook hires first chief compliance officer amid regulatory scrutiny

Facebook hires first chief compliance officer amid regulatory scrutiny Cameron Jenkins © Getty Facebook hires first chief compliance officer amid regulatory scrutiny Facebook announced that it has hired its first chief compliance officer as the company faces scrutiny from regulators. Henry Moniz will join Facebook on Feb. 8 to head the social media giant s compliance team, The Wall Street Journal reported. Moniz previously served as chief compliance officer and chief audit executive for media company ViacomCBS and will be the first to hold the title of compliance chief at Facebook. Moniz will work under Facebook s general counsel Jennifer Newstead, according to the Journal, and report to a board committee that oversees audit and risk. Facebook reportedly hopes Moniz s appointment will help the company move toward its goal of enhancing global compliance and risk management as well as promoting high standards of legal and ethical conduct.

Facebook hires Biden transition, Obama-era official as VP of civil rights

(Article by Petr Svab republished from TheEpochTimes.com) Austin had been a civil rights prosecutor and served as a Department of Justice (DOJ) supervisor before becoming a deputy assistant to President Barack Obama in the Office of Urban Affairs, Justice, and Opportunity in 2014. In 2017, he went into private practice as a criminal defense and civil rights attorney at Harris, Wiltshire & Grannis. In November, Biden named him as one of the volunteers on the Agency Review Team for the DOJ in his transition. It isn’t clear what Austin’s specific responsibilities will be at Facebook; the company didn’t immediately respond to a request by The Epoch Times for further details, and an attempt to reach Austin for comment was unsuccessful.

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