miko33
Defender of Honesty and Integrity
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Joined: Mar 2010
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RE: Tech regulation coming?
I know news articles are not favored in this part of the forum; however, it shows that Tech Industry regulation is still in the minds of a lot of people. Interesting to ponder: Is the regulation meant to thwart a small group of people from seizing power in the world or is it meant to squelch freedom of speech? Probably a little of both.
http://www.telegraph.co.uk/business/2018...alesforce/
Quote:Silicon Valley billionaire Marc Benioff has compared the current crisis of trust facing the tech giants to the financial crisis of a decade ago, urging regulators to wake up to the threat from Google, Facebook, and the other dominant firms.
The outspoken entrepreneur accused some of the industry's most influential bosses of "abdicating responsibility" and being ignorant to how powerful and sophisticated they had become. Regulators now had "have no choice" but to intervene, he said.
"We are in a new world. A decade ago, you had the banks talking about collaterised debt obligations and credit default swaps, saying they were great for the economy but regulators weren’t paying attention. The government needs to come in and point 'True North'," Mr Benioff said at a panel session at the World Economic Forum in Davos, Switzerland.
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01-24-2018 08:51 AM |
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