The U.S. Senate narrowly voted on Wednesday to confirm Alavaro Bedoya to be the fifth commissioner at the Federal Trade Commission, teeing up a series of aggressive enforcement and policy moves targeting the tech sector under the direction of agency chair Lina Khan. With a new majority at the commission Khan will more easily be able to move ahead with some of her key priorities, including a...
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TikTok CEO Goes to Washington With a Ragtag Band of Allies
TikTok is one of the most popular entertainment services in the U.S., used monthly by nearly half of the population. Yet as the app battles for its life, it has remarkably few allies to provide support. Even those that directly benefit from TikTok, such as music labels and creators, have mixed feelings about TikTok, largely because they say it doesn’t pay its partners enough. That’s...
Virgin Orbit Nears $200 Million Funding Deal
Amazon Tests Palm-Scanning Technology at Panera Bread
Toyota Phases Out Amazon Alexa in Vehicles, Explores ChatGPT
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On a cosmic level, the collapse of Silicon Valley Bank was a mere blip. The murmurs about trouble began last Wednesday, the panic spread via group texts and Twitter threads on Thursday, the bank went under on Friday, the government got its act together on Saturday, and on Sunday every current and former customer of SVB could breathe a cautious sigh of relief.