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Biden says Republicans, Democrats should unite against Big Tech 'abuses' -WSJ

Thursday, January 12, 2023
Biden says Republicans, Democrats should unite against Big Tech 'abuses' -WSJ © Reuters. U.S. President Joe Biden walks before boarding the Marine One helicopter to travel to Walter Reed National Military Medical Center for the first lady Jill Biden to undergo Mohs surgery for skin cancer, from the White House in Washington, U.S., January 11,
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(Reuters) -U.S. President Joe Biden said in an opinion piece in the Wall Street Journal that Democrats and Republicans need to come together to pass strong bipartisan legislation in order to hold major tech companies accountable.

Most importantly, Biden said he wanted to see "serious federal protections for Americans' privacy," including putting limits on how much data like location, biometrics and health information can be collected. He also highlighted the specific risk to children.

"We must hold social-media companies accountable for the experiment they are running on our children for profit," he wrote, citing young people's struggles with bullying, violence, trauma and mental health.

He also urged a reform of Section 230 of the Communications Decency Act to force tech companies to "take responsibility for the content they spread and the algorithms they use."

Both Republicans and Democrats have spent much of the past several years probing different aspects of the tech sector, largely agreeing that there are problems with the power of Alphabet (NASDAQ:GOOGL)'s Google, Meta's Facebook (NASDAQ:META) and others while largely disagreeing on how to address those problems.

In a statement following the release of the opinion piece, Democratic Senator Amy Klobuchar said she would continue to push for passage of bipartisan legislation she sponsored to bar the companies from favoring their own businesses in search results, among other measures.

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22-02-2024 05:37:29 (UTC+7)

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EUR/USD

1.0820

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    EUR/USD 1.0820 ↑ Buy  
    GBP/USD 1.2637 ↑ Buy  
    USD/JPY 150.30 ↑ Buy  
    AUD/USD 0.6552 Neutral  
    USD/CAD 1.3503 Sell  
    EUR/JPY 162.64 ↑ Buy  
    EUR/CHF 0.9517 Neutral  
    Gold 2,036.80 ↑ Buy  
    Silver 22.927 ↑ Buy  
    Copper 3.8805 ↑ Buy  
    Crude Oil WTI 78.06 ↑ Buy  
    Brent Oil 83.15 ↑ Buy  
    Natural Gas 1.782 ↑ Buy  
    US Coffee C 187.80 ↑ Sell  
    Euro Stoxx 50 4,773.05 Sell  
    S&P 500 4,981.80 ↑ Buy  
    DAX 17,118.12 Buy  
    FTSE 100 7,662.51 ↑ Buy  
    Hang Seng 16,503.10 ↑ Sell  
    Small Cap 2000 1,993.75 ↑ Buy  
    IBEX 35 10,107.20 Neutral  
    BASF 46.405 ↑ Buy  
    Bayer 28.93 ↑ Buy  
    Allianz 250.70 Neutral  
    Adidas 181.44 ↑ Sell  
    Lufthansa 7.428 ↑ Buy  
    Siemens AG 169.42 ↑ Sell  
    Deutsche Bank AG 11.994 ↑ Sell  
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