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The Latest Breaking News from Big Tech

'Penned' tech specialists are earning six-figure salaries to 'do nothing' and string out 10-minute tasks

Vanity hiring and task bloating aren't exclusive to Big Tech—developers in the finance industry say they too get massive paychecks for barely any work.

Fortune

Capitol Hill Chews Out TikTok CEO Shou Chew

Hearing features calls for bans of short-form video site

Multichannel News

Big Tech Powers Stock Market After Fed-Treasury Cross; Bitcoin Rocks While Coinbase Rolls

Coinbase trimmed losses after receiving a SEC "Wells Notice," warning of a pending enforcement action.

Investors Business Daily

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Critics say Big Tech uses trade deals to avoid data privacy laws

WASHINGTON — Tech companies are using international trade agreements to conceal software codes behind artificial intelligence programs as well as circumvent U.S. legislation that could curb the industry’s freewheeling use of consumer data, according to lawmakers and advocacy groups.

Tribune News Service

Critics say Big Tech uses trade deals to avoid data privacy laws - Roll Call

Some Democrats and advocacy groups say Big Tech companies are using international trade deals to circumvent data privacy laws.

Roll Call

Microsoft’s A.I. ethics layoffs send a worrying signal

Experts warn disbanding the A.I. ethics and society team could damage Microsoft’s ethical drive.

Fortune

Report: Meta Plans New Job Cuts

Facebook-parent Meta Platforms is planning additional layoffs to be announced in multiple rounds over the next few months, which could match the 13% job cut tally from last year, the Wall Street Journal reported on Friday citing people familiar with the matter. Meta let go of 11,000 employees four months…

Asharq Al-Awsat

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Big Tech companies aren't afraid of antitrust regulators, but they sure do dance for activist hedge funds

To judge by recent multibillion dollar deals, antitrust worries are not causing companies like Amazon or Microsoft to back off big acquisitions. But pressure from activist investors is a different story.

Fortune

Why Big Tech will lose its Supreme Court case on section 230

I only count two votes to ratify Big Tech's sweeping immunity claims

Reason

Elon Musk says he’ll open-source Twitter’s algorithm. Here’s why that would change everything

Opening up one of Big Tech’s black boxes would break a fundamental taboo.

Fortune

Google, Section 230 & Nohemi Gonzalez

Philip Hamburger's Op-Ed at the Federalist on a case to be argued next week

Reason

Salesforce braces for investor pressures

After years of fast growth and costly acquisitions, Salesforce is facing post-pandemic realities that have taken a toll on Big Tech sales and profits.

Tribune News Service

Google, Apple Disappoint as Tech Earnings Hit by Gloom

Google and Apple on Thursday reported downbeat results for the last quarter of 2022 as Amazon beat expectations, but warned that the coming months would be uncertain in a difficult moment for Big Tech. The tech titans posted earnings as shares in Meta skyrocketed a day after it reported better…

Asharq Al-Awsat

Big Tech Layoffs Continue -- But Apple Looks the Strongest

All of Big Tech is rallying at the moment, and all have laid off employees. This article takes a look at why Apple might be the strongest player of the bunch.

StockNews.com

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WEKU

5 takeaways from the massive layoffs hitting Big Tech right now

Some 200,000 tech jobs have been lost in what is seen as one of the sharpest downturns in the tech industry's history. Here is what you need to know about the mass layoffs in Silicon Valley.

The Conversation

Big Tech is firing employees by the thousands. Why? And how worried should we be?

Tech companies are always in the news, usually touting the next big thing. However, the tech news cycle recently hasn’t been dominated by the latest gadget or innovation. Instead, layoffs are in the headlines.

Chicago Tribune

Facebook threatens to remove all news content if bill forcing payments to local media outlets passes

Meta/Facebook is threatening to remove all local news from its platform following reports that proposed legislation to force Big Tech to pay publishers for news content is being added to a defense bill in a bid to win approval during the lame-duck Congress session.

Tribune News Service

Commentary: Time is running out to save local news from Big Tech

Local journalism is a cornerstone of democracy and a vital source of information for communities across the country, with newsrooms covering local politics, high school sports, local business openings, cultural events and other matters that help a community remain vibrant and connected. But the industry is facing an existential crisis…

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Tribune News Service

Editorial: Time is running out for Congress to save local news

Tribune News Service

Big Tech cites national security in push for immigration changes

Policy leaders in Big Tech have revved up a push for Congress to pass immigration changes before the end of the year, with a pitch aligning those policies to the national security concerns that sparked a recently enacted science and technology funding law.

Roll Call

Big Tech cites national security in push for immigration changes - Roll Call

Policy leaders in Big Tech have revved up a push for Congress to pass immigration changes before the end of the year.

Evening Standard

FTSE 100 Live: Pound hits six-week high of $1.16; US tech stocks sink

Results from Shell and Lloyds Banking Group today lead a busy session of corporate updates as investors also digest last night’s disappointment from Meta Platforms.

Evening Standard

Feudal Marketing – Big Tech’s looting of consumer data must end

City Voices: Our work, their profits

The Street

Apple, Alphabet, Amazon, Tesla, Microsoft and Meta Lost $260Bn in 24 Hours

Concerns over demand for Apple products and services caused an ugly day for Big Tech on Wall Street.

The Independent UK

EXPLAINER: Online privacy in a post-Roe world

With abortion now or soon to be illegal in over a dozen states and severely restricted in many more, Big Tech companies that collect personal details of their users are facing new calls to limit that tracking and surveillance

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Cathy McMorris Rodgers

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