Tech Companies Reel as NSA's Spying Tarnishes Reputations

US technology companies are in danger of losing more business to foreign competitors if the National Security Agency’s power to spy on customers isn’t curbed, the New America Foundation said.

The foundation called for prohibiting the NSA from collecting data in bulk, while letting companies report more details about what information they provide the government. The NAF report made a case that NSA spying could damage the $150 billion industry for cloud computing services. Those services are expanding rapidly as businesses move software and data to remote servers.