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Tech giants under threat, as nations unite in battle for the digital economy 22 Apr, 2021 05:00 PM 10 minutes to read By: Paul Mozur, Cecilia Kang, Adam Satariano and David McCabe From the US, to Australia, China and Europe, governments are moving to rein in the companies that rule the internet, write Paul Mozur, Cecilia Kang, Adam Satariano and David McCabe. China fined the internet giant Alibaba a record US$2.8 billion ($3.9b) this month for anti-competitive practices, ordered an overhaul of its sister financial company and warned other technology firms to obey Beijing's r...

A global tipping point for reining in Big Tech has arrived By Paul Mozur , Cecilia Kang , ...

To confront corporate power, President Biden needs Jonathan Kanter Rep. Mondaire Jones (D-N.Y.), opinion contributor © iStock department of justice us marshals recovered rescued 27 missing children kids operation save our kids find our kids human trafficking Since the 1980s, corporations have steadily consolidated more power, while the federal agencies responsible for enforcing our antitrust laws have largely abdicated their responsibility. Such concentrated corporate power isn't just a threat to our economy, it's a threat to democracy itself. By nominating Lina Khan to the...

Around the world, governments are moving simultaneously to limit the power of tech companies with an urgency and breadth that no single industry had experienced

A Global Tipping Point for Reining In Tech Has Arrived Never before have so many countries, including China, moved with such vigor at the same time to limit the power of a single industry. Credit...Sally Thurer April 20, 2021, 5:00 a.m. ET Now the European Commission plans to unveil far-reaching regulations to limit technologies powered by artificial intelligence. And in the United States, President Biden has stacked his administration with trustbusters who have taken aim at Amazon, Facebook and Google. Around the world, governments are moving simultaneously to limit the power of tech compani...