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It is stunning that members of Congress mostly agree that four of America’s most successful companies are bullies that abuse their power to stay on top.
That was my thought reading the conclusions of a 16-month congressional investigation into whether Google, Facebook, Amazon and Apple broke the law to squash competition. The assessment was, essentially, yup.
The Democrats and Republicans on the House Judiciary Committee have major points of disagreement, and only Democrats signed this report. But while the two parties are divided — possibly irreconcilably so — over how to fix the problem, they appear to mostly agree that those four companies should not be allowed to continue as is.
It’s not unusual to hate on large companies; it was true of big banks and oil companies at the peak of
Oct. 1 (UPI) — Tech giant Google said Thursday it has agreed to pay more than $1 billion to dozens of publishers for news content in the coming years, an answer to complaints that have been made for years by outlets.
Google said a new format, called the News Showcase, will allow publishers to decide what content will be displayed on its search platform.
The company said it will also pay some of the content producers to include premium articles at no cost to readers.
Google’s agreement will pay producers more than $1 billion over three years and will begin immediately.
“This financial commitment — our biggest to date — will pay publishers to create and curate high-quality content for a different kind of online news experience,” Google CEO Sundar Pichai said in a statement.
“This approach is distinct from our other news products because it leans on the editorial
The tech giant has signed licensing deals with about 200 publications in select countries with plans to add more and expand geographically.
Google, along with Facebook, controls a large share of the advertising dollars that once went to publishers in the news industry. Shrinking ad revenue has led to smaller newsrooms and diminishing resources for telling local stories. The billion dollar spend on licensing news is Google’s way of showing publishers it is committed to paying for high quality journalism and sustaining a struggling industry.
The licensing deals, previously announced in June, are part of a new product called News Showcase, where participating publishers can curate and decide for themselves how to present their content on the platform. The content is displayed as a “story panel,”
NEW YORK (AP) — Google’s parent company has reached a $310 million settlement in a shareholder lawsuit over its treatment of allegations of executives’ sexual misconduct.
Alphabet Inc. said Friday that it will prohibit severance packages for anyone fired for misconduct or is the subject of a sexual misconduct investigation. A special team will investigate any allegations against executives and report to the board’s audit committee.
Thousands of Google employees walked out of work in protest in 2018 after The New York Times revealed Android creator Andy Rubin received $90 million in severance even though several employees had filed misconduct allegations against him. Shareholder lawsuits followed, and in 2019 Google launched a board investigation over how it handles sexual misconduct allegations.
In January, David Drummond, the Alphabet’s legal chief, left without an exit package, following accusations of inappropriate relationships with employees. The company didn’t give a reason for his departure,