Giant online retailer Amazon has destroyed the sector, the US Treasury Secretary Steve Mnuchin claims, telling the news channel CNBC that the Justice Department was right to include the company in an anti-trust review.

Published in Technology Regulation

The Democrat majority on the US House Financial Services Committee is proposing a bill that that would prevent big technology firms from operating as financial units or issuing digital currencies, a move that seems to be aimed at Facebook after the social media behemoth announced last month that it would be launching its own cryptocurrency in 2020.

Published in Technology Regulation

In a 3-2 decision, FTC Commissioners voted to impose a fine of approximately US$5 billion on Facebook for a variety of privacy issues.

Published in Listed Tech

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