Author: Rebecca Klar

Hillicon Valley — House panel to grill former Twitter staff

A House panel will grill former Twitter employees at a hearing next week focused on the social media platform’s decision to limit the spread of a Hunter Biden story during the 2020 presidential election. Meanwhile, a Senate Democrat asked Apple and Google to remove the popular video sharing app TikTok from their app stores. …

Hillicon Valley — How Fed rate hikes constrain tech sector

The Federal Reserve hiked interest rates again on Wednesday. The trend is constraining tech firms of all sizes after a couple strong years for the industry during the height of the COVID-19 pandemic. And the Biden administration is out with its latest show of support for antitrust reform, releasing a report calling Apple and…

Here’s how Fed rate hikes are hurting tech firms

Rising interest rates fueled by Federal Reserve’s rate hikes is constraining tech firms of all sizes.  After more than a decade of low borrowing costs, rising interest rates are forcing tech companies to rethink their strategies, with companies needing to show their profitability over the possibility for growth. The change could be squashing nascent start-ups and…

GoodRx illegally shared health data with tech giants to target ads, government alleges 

Telemedicine company GoodRx allegedly shared sensitive personal health information with Google, Facebook and other firms to target ads to users, according to a complaint filed by federal regulators on Wednesday. The Federal Trade Commission (FTC) alleged that GoodRx, a company that lets users compare drug prices and receive coupons, shared sensitive information about users’ prescriptions…

Biden administration urges Congress to level playing field with Google, Apple

The Biden administration said Google and Apple serve as “gatekeepers” in the mobile app market and urged legislative action to even the playing field, a boost for lawmakers looking to revamp antitrust laws to target the nation’s largest tech companies. The National Telecommunications and Information Administration (NTIA) said Google’s and Apple’s policies could harm consumers…

Hillicon Valley — Workday, PayPal follow tech layoff trend

Workday and PayPal announced layoffs Tuesday, following other widespread layoffs hitting the tech industry.   Meanwhile, the U.S. and its allies in the Middle East and North Africa announced they are including cybersecurity collaboration as part of its expansion of a 2020 agreement to normalize diplomatic relations between Israel and some Arab countries. This is Hillicon…

Hillicon Valley — TikTok CEO to testify before House panel

TikTok’s CEO is scheduled to testify at the House amid rising scrutiny, largely from Republicans, over potential security risks posed by the Chinese-owned video sharing app. Meanwhile, Ukraine is entering uncharted territory in its request for the International Criminal Court (ICC) in the Hague to investigate whether certain Russian cyberattacks could constitute war crimes. This is…

Hillicon Valley — Trump rhetoric could test new Meta rules

Meta is letting former President Trump back on its platforms, but the 2024 candidate will have to change the style of his social media posts if he doesn’t want to get booted again. Meanwhile, Twitter and Tesla CEO Elon Musk was in town this week, meeting with House leaders Thursday and White House officials on…

DOJ takes down global ransomware group

The Department of Justice disrupted a global ransomware gang, known as Hive, for allegedly extorting more than $100 million in ransom payments from more than 1,500 victims around the world. Meanwhile, BuzzFeed said this week that it plans to use artificial intelligence (AI) to create content. This is Hillicon Valley, detailing all you…