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Senate Committee Passes Bill Targeting Tech’s Legal Immunity

The Senate Judiciary Committee approved a watered down version of the Earn It Act, which ties legal protections for online companies to their success in blocking material depicting sexual abuse of children from appearing on the Internet, according to The Hill. Despite an unanimous committee vote, the proposed legislation is not expected to win support in the House and become law. In addition,...

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The Investors Who Face Big Losses From the Quibi Collapse
The Investors Who Face Big Losses From the Quibi Collapse

On Wednesday, video startup Quibi told its investors that it will shut down, a dramatic collapse of a digital media startup that launched just six months ago. Now those investors—from Quibi CEO Meg Whitman to Google, Facebook and J.P. Morgan—are facing losses and figuring out what they may recoup from the flop.

Quibi revealed to investors Wednesday afternoon that, after paying ...

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