A case filed on November 30, 2021 in Federal Court in the Eastern District of New York, is making the assertion that the cryptocurrency based “no-loss lottery” of Pool Together, Inc. (PoolTogether) is unlawful. The case is one of the… Read More ›
Digital Platforms
The State of NYC’s Digital Economy in Q1 2021
INTRODUCTION In taking a look at the state of NYC’s digital economy covering the first quarter of 2021, the area that looms largest is not surprisingly the devastating effect the pandemic has had on the larger economy. Positive news and… Read More ›
Increased Government Scrutiny of Large Tech Companies Increases at Both Federal and State Levels and Internationally
The anti-trust action brought by the U.S. Department of Justice during October of last year was not the first time federal regulators considered taking action against Google. Newly revealed documents from a 2011-2013 Federal Trade Investigation revealed by Politico also… Read More ›
Google Calls DOJ Antitrust Action ‘Deeply Flawed’
In a blog post by SVP of Global Affairs Kent Walker, Google responded on Tuesday to the arguments found in the antitrust action brought against it by the U.S. Department of Justice the same day, asserting that consumers are not… Read More ›
Calling Google the ‘Monopoly Gatekeeper of the Internet,’ U.S. Justice Department Files Antitrust Action
On Tuesday, the U.S. Department of Justice along with eleven states that include Florida, Texas and Arkansas filed a civil action against Google in the U.S. District Court for the District of Columbia alleging that the company unlawfully maintained “a… Read More ›
Following Nation’s First Cybersecurity Regulation, NYS Releases Recommendations to Regulate Social Media Platforms
On Wednesday New York State’s Department of Financial Services (DFS) released the results of its investigation into the July 15 hacking of the Twitter accounts of cryptocurrency firms and public figures such as Presidential candidate Joe Biden, using the opportunity… Read More ›
Microsoft Announces App Store Principles to “Ensure Fairness” in the Digital Economy
Two days after the U.S. House Antitrust Subcommittee released the results of its investigation into Apple, Amazon, Facebook and Google concerning their potential monopolistic control over the digital economy, Microsoft added its voice to the conversation. Notably absent as a… Read More ›
House Antitrust Subcommittee Sees Need to Restore Competition in the Digital Economy
Yesterday, the U.S. House Judiciary Antitrust Subcommittee released a report entitled “Investigation of Competition in the Digital Marketplace,” which sets forth their view that Apple, Amazon, Facebook and Google have been exercising monopolistic control over the digital economy. The result… Read More ›
‘Digital Transformation on Steroids’ – The Acceleration of Investment in Cloud Startups
The Wall Street Journal recently reported about the rise in cloud-computing funding deals, noting that they are riding a ‘wave of Pandemic-Fueled investments,’ and that cloud-related projects are being accelerated, with a focus on: Application security Computer networking Storage; and… Read More ›
‘Too Big to Care’
While speaking to the European Parliament’s Internal Market Committee, Internal Market Chief Thierry Breton recently said that digital platforms may have become “too big to care.” He stated this in the context that they “tend to neglect the consequences of… Read More ›