Name: Why Google, Facebook and Twitter are under pressure | Rana Report
Uploaded: 2020-03-07T16:15:30.000Z
Duration: 1 min 43 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

This is the week that the tide started to turn for Big Tech.

In the US and Europe you're seeing regulators push forward

and force the Big Tech platform companies to make changes

that it's going to start policing political advertising.

And now Facebook and Google are under pressure to do the same.

In Europe, the antitrust commissioner Margrethe Vestager

is talking about putting the burden of proof for consumer

when they're embroiled in antitrust suits.

Because it would allow some of the smaller players

that claim they've been hurt by big platform

companies like Google, or Facebook, or Amazon

to not have to have all the legal muscle improving a case.

Australia is taking on new privacy issues around Facebook,

and Google's Sidewalk Labs project in Toronto

is going to have to put all the data collected

from the smart city in a public database.

So it can be accessed not just by Google, but by other firms

and by taxpayers and citizens in Toronto themselves.

At the same time, you've got Big Tech causing market jitters.

SoftBank, over the last few days announced

This is a company that helped to bid up WeWork and Uber

And then those companies ended up disappointing.

So in both politics and markets, we're seeing some big shifts.

And I look for these debates to push forward

into the US 2020 campaign and be a big election issue.