Axios

House Commerce Chairman Walden warns Big Tech: Step up or be regulated

House Commerce Committee Chairman Greg Walden (R-OR) launched an attack on the market power of large tech companies. "I’m not looking for a lot of regulation, I’m looking for responsibility," Chairman Walden said. "If responsibility doesn’t flow, then regulation will." Chairman Walden raised multiple areas for possible regulation:

Axios Poll: Public wants Big Tech regulated

A majority of Americans are now concerned that the government won't do enough to regulate how US technology companies operate, according to an Axios-SurveyMonkey poll. Across the board, concern about government inaction is up significantly — 15 percentage points — in the past three months. In a previous Axios-SurveyMonkey poll in November, just after Facebook, Google and Twitter testified before Congress, only about four in 10 Americans were concerned that the government wouldn't do enough to regulate the tech companies. Now that number has jumped to 55 percent.

Everyone says they'll be first with 5G

When it comes to the four major carriers, everyone says they are going to be first with 5G. It's always a race to be first with a new generation of technology (and to claim being first, which isn't always the same thing.) The stakes are extra high — both within the U.S. and on the global stage, with China, Korea, Japan and others all looking to be ahead of the game. Expect even more noise (and therefore more confusion) when the cellphone industry's big conference, Mobile World Congress, starts Feb. 26 in Barcelona, Spain.

George Soros may invest more in fighting Big Tech

Billionaire investor George Soros launched a brutal attack on big online platform companies at 2018’s World Economic Forum meeting in Davos. Now, his influential organization is "certainly examining new ways" to tackle the growing power of tech giants. With a global reach and an annual budget of more than a billion dollars, the Open Society Foundations has the ability to significantly shape the growing debate over the power of Big Tech.

What We Heard From Four FTC Nominees

The Senate Commerce Committee convened a hearing for the president’s nominees to serve as Federal Trade Commissioners:

Big tech red flags continue to be ignored

Researcher and technologist Aviv Ovadya, one of the first to identify the fake news catastrophe in early 2016, says he is worried about an “Information Apocalypse,” which could lead to “reality apathy,” or people just giving up on finding the truth because it is too indistinguishable from misinformation. Critics continue to explore the adverse impacts of automated content and platform abuse:

Critics shame Silicon Valley firms over addictive technologies

Tech industry critics spent a daylong event on Capitol Hill Feb 7 airing concerns that Facebook, Google, Apple and other major companies are peddling addictive products that damage young minds. Critics are seeking some sort of policy to address the problem. “Should there be some common sense regulation of the tech industry? Obviously,” said Jim Steyer, the head of Common Sense, the group that organized the conference. Franklin Foer, the author of a recent book critical of tech powerhouses, said that a “sense of shame” would shift norms in the industry.