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  • 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

  • in their business model.

  • Twitter over the last few days announced

  • 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

  • good on the Big Tech firms themselves

  • when they're embroiled in antitrust suits.

  • That's a big deal.

  • 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

  • its first shaky earnings.

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

  • to record valuations.

  • 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.

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

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