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Online Harms draft gets most things right, still gives Facebook and friends too much leeway Share Copy Analysis Tech giants face massive fines of up to 10 per cent of their annual revenue if they fail to follow new rules aimed at reducing the amount of harmful content on their platforms, the UK government has decided. The Online Harms white paper, published Tuesday, outlines up the government’s approach following more than 18 months of consultation and will form the basis of new legislation to be introduced in the new year. In it, the government will give the job of developing new s...

Firebolt says it can do it better while the cloud giants talk up services tweaks Lindsay Clark Tue 15 Dec 2020 // 09:30 UTC Share Copy Analysis Tech stock sailed through an era-defining moment last week as recently IPO'd cloud data warehouser Snowflake surpassed IBM in market capitalisation. Investors' collective imagination is decidedly unflattering for Big Blue. Leaving aside its undeniable role in the development of modern computing, it has around 350,000 employees (although declining) to Snowflake's 2,000. The staggering $120bn Snowflake valuation offered pause for...