With big tech under a microscope in Washington, Democrats and Republicans agree that laws need to be modernized in order to promote fair competition, particularly for small businesses that tend to get snuffed out by the giants, Rep. Ken Buck (R-Colo. 4th District), told Cheddar.
Members of both parties have released reports that look to establish pathways to breaking up tech giants, which they consider monopolies, and level the playing field in online marketplaces.
According to Buck, who wrote one of those reports, the issue becomes partisan when deciding how to regulate the big tech industry, an issue he said would be uncertain under a Joe Biden- Kamala Harris administration.
“The Trump administration has been fairly aggressive in this area and partly because conservatives believe that Google and Facebook and Twitter are biased against conservative views and have suppressed conservative views…,” Buck said.
Uber can keep operating in London for another year and a half after winning its appeal of a decision by the British capital’s transit regulator not to renew its license.
The San Francisco-based ride-hailing company had challenged Transport for London’s decision in late 2019 not to renew its operating license over safety concerns involving impostor drivers.
Deputy Chief Magistrate Tan Ikram said Monday he found Uber to be “fit and proper” and granted the company an 18-month license extension, which comes with 21 conditions including providing regular, independent reports to authorities.
The company said the decision is a “recognition of Uber’s commitment to safety” and it will “continue to work constructively” with the regulator.
It’s a crucial legal victory in a lucrative European market as the company struggles to turn a profit. Uber posted a $1.8 billion loss in the latest quarter because millions of people stayed
VIA optronics ($VIAO) made its debut on the NYSE Friday, with an initial public offering priced on the low end of expectations to raise $93 million, but the display technology company still sees a bright future ahead.
“We are right now at a breaking point. We are an emerging market, and we cannot grow that much as we want organically so we have to put some investment in,” said Jurgen Eichner, Via optronics CEO. “This is basically what we need the proceeds for.”
The initial public offering was priced at $15, but opened at $12. By mid-afternoon shares were trading around $10.
VIA builds sunlight-readable displays with wide temperature ranges and screens with touch and gesture features. Customers of the German-based manufacturer include household names like Dell, HP, Ferrari, and BMW.
Despite the coronavirus pandemic, the need for screen tech is still widespread and growing, according to the CEO.