Facebook has agreed to stop using its digital advertising tool and change its algorithms to settle a lawsuit filed by the Department of Justice for alleged violations of the Fair Housing Act. Justice Department officials said the US government has reached a settlement with Facebook’s parent company Meta to settle its lawsuit Tuesday in the […]
Tag: Tech
Accident report on automated tech vehicles raises safety concerns
A new government report on partially automated vehicle crashes raises safety concerns that could pump the brakes in the development of self-driving vehicles. Automakers reported 392 vehicle crashes with partially assisted driving technology between last July and May 15, the National Highway Traffic Safety Administration (NHTSA) reported on Wednesday. Among them, electric car manufacturer Tesla […]
US report: nearly 400 auto tech vehicle crashes
DETROIT — Automakers have reported nearly 400 vehicle crashes with partially automated driver assistance systems, including 273 involving Teslas, according to statistics released Wednesday by US safety regulators. The National Highway Traffic Safety Administration cautioned automakers against using numbers to compare, and said that not every manufacturer that uses the systems weights by the number […]
Job Market for Tech Companies Still Hot, At least for now
The tech industry is full of sullen faces right now. stock up and cryptocurrency prices are falling and anxiety increased. It’s like every day some tech company or start lay off workers or putting hiring on hold. Crypto exchange Coinbase on Tuesday aforementioned was cutting 18 percent of the workforce. The pain is real for […]
Lina Khan, a Major Tech Critic Trying to Answer Her Own Accusations
I think we’ve seen time and time again that when you have a company that has taken control of an important vein of commerce, that control can be exercised illegally. This is what partially revived the passage of antitrust laws, which Congress recognized that the dominance of railroads and control over the main arteries of […]
Ken Buck blasts congressional leaders for not bringing Big Tech
Representative Ken Buck on Wednesday criticized congressional leaders for failing to vote on antitrust bills targeting big tech companies. The Colorado Republican helped draft a series of antitrust proposals that stuck with committees and prevented him from reaching the House floor for debate and voting. “There is something wrong with a system of government that […]
Amazon will close Kindle offers, other Big Tech players will too
Amazon said on Thursday it will shut its Kindle service in China next year, making it the latest major tech company to seek to reduce its presence in the communist country. Amazon’s announcement follows news this week that Apple is removing some of its production from China, and comes after Microsoft-owned LinkedIn’s decision last year […]
Pressure to reissue Amy Klobuchar’s anti-trust bill hacked by big tech
A bipartisan antitrust bill to crack down on big tech companies is facing new attacks as Minnesota Democratic Senator Amy Klobuchar reviews the proposal in hopes of gaining the broader support needed to secure a vote on the Senate floor. Ms. Klobuchar co-sponsored the American Innovation and Election Online Act with Iowa Republican Senator Chuck […]
Democrats want more taxpayer cash for more tech funding
Democrats want to add more taxpayer dollars to a fund to modernize the federal government’s technology systems, even though the fund still has more than $750 million unspent. The Technology Modernization Fund had a billion-dollar increase in COVID-19 relief spending last year, and a Home Oversight panel said Wednesday it still has $756 million in […]
Falling tech stocks drag Wall Street down
NEW YORK — Stocks fell in morning trading on Wall Street on Tuesday, weighing the tech giants’ slump as concerns over the impact of ever-increasing inflation on their bottom line. The S&P 500 index fell 2.1% as of 10:14 a.m. in the East. The Dow Jones Industrial Average fell 351 points, or 1.1%, to 31,524 […]
