Facebook Should Be Broken Up, Silicon Valley Democrat Says

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Facebook Should Be Broken Up, Silicon Valley Democrat Says

Bloomberg2021-06-15

California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust ...

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luluu
·2021-06-15
Facebook is one complicated stock. FCF is very juicy, yet so many complications with privacy issues. Will be interesting to see how they pivot away from ad biz
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Jenjorjack
·2021-06-15
Facebook ? How about the rest of Fanng. Please like and comment too
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1
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- L1324:
  is the shares? so more ppl will able to own it
  2021-06-15
  Reply
  Report
beebeeyan
·2021-06-15
up up up
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1
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Zanetaghx
·2021-06-15
Hmm
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- Zanetaghx:
  Thanks
  2021-06-17
  Reply
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- EV97:
  Hello
  2021-06-15
  Reply
  Report
- Zanetaghx:
  Thanks
  2021-06-15
  Reply
  Report
Maxcrusader
·2021-06-15
No!
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1
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Hock80
·2021-06-15
Ok
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Eddieckh
·2021-06-15
Like and comment please. Thank you.
Reply
3
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- beebeeyan:
  up up
  2021-06-15
  Reply
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- Zanetaghx:
  Reply pls
  2021-06-15
  Reply
  Report
- Fredwkh:
  Comment back
  2021-06-15
  Reply
  Report
TSLAtothemoon
·2021-06-15
Like comment pls
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1
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- Fredwkh:
  Comment back
  2021-06-15
  Reply
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DesmondChin
·2021-06-15
"It seems to me" instead "it seems to us".... Personal opinion matter more than the public?
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2
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- TSLAtothemoon:
  can ignore this personal opinion piece i feel...
  2021-06-15
  Reply
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DollarMcDuck
·2021-06-15
[Smile] [Smile] [Smile] [Smile]
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2
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- DollarMcDuck:
  [Happy][Happy]
  2021-06-15
  Reply
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- TraderPro:
  Like!
  2021-06-15
  Reply
  Report
Eddieckh
·2021-06-15
[Happy] [Happy] [Happy] [Happy]
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1
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dent
·2021-06-15
Please like and comment
Reply
2
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- TraderPro:
  Likembakc
  2021-06-15
  Reply
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Universe宇宙
·2021-06-15
Too big to be broken? Reply and like, thanks.
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1
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HuatBee
·2021-06-15
ya
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1
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skyel
·2021-06-15
To spin off small units and IPO, make FB even richer, isn't it?
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2
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- klins3:
  agree
  2021-06-15
  Reply
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JFK
·2021-06-15
Well done.
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- CSYNCTP06:
  Hi
  2021-06-15
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EY12
·2021-06-15
Like n comment
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2
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- EY12:
  hi
  2021-06-15
  Reply
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- FreebigmoNeY:
  Like n comment back
  2021-06-15
  Reply
  Report
Astroboy8218
·2021-06-15
Good says.
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2
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Joanne93
·2021-06-15
Pls like and comment
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2
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- Donovon:
  Ok
  2021-06-15
  Reply
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- Joanne93:
  Thx
  2021-06-15
  Reply
  Report
- JFK:
  Ok
  2021-06-15
  Reply
  Report
AS78
·2021-06-15
Please like and comment my post, thanks
Reply
4
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- AS78Replying toDhalsim Wee:
  Ok
  2021-06-15
  Reply
  Report
- AS78:
  Ok, thanks
  2021-06-15
  Reply
  Report
- Dhalsim WeeReplying toAS78:
  yeah
  2021-06-15
  Reply
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He cited the precedent set by the break up of AT&T Inc. in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.\nIn December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.\nKhanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.\nKlobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced legislation that would force Amazon.com Inc.,Apple Inc. and other giants to sell or exit key businesses.\nContent Rules\nIn the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of Twitter Inc. and Facebook. “I don’t think that’s how we ought to operate.”\n“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”\nKhanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":184459989,"gmtCreate":1623722469141,"gmtModify":1704209571618,"author":{"id":"3554800796106880","authorId":"3554800796106880","name":"luluu","avatar":"https://static.tigerbbs.com/630f653354a121b8d0228832009d2b82","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3554800796106880","authorIdStr":"3554800796106880"},"htmlText":"Facebook is one complicated stock. FCF is very juicy, yet so many complications with privacy issues.&nbsp;Will be interesting to see how they pivot away from ad biz","listText":"Facebook is one complicated stock. FCF is very juicy, yet so many complications with privacy issues.&nbsp;Will be interesting to see how they pivot away from ad biz","text":"Facebook is one complicated stock. FCF is very juicy, yet so many complications with privacy issues. Will be interesting to see how they pivot away from ad biz","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184459989","repostId":1186461856,"repostType":4,"repost":{"id":"1186461856","pubTimestamp":1623717495,"share":"https://ttm.financial/m/news/1186461856?lang=&edition=fundamental","pubTime":"2021-06-15 08:38","market":"us","language":"en","title":"Facebook Should Be Broken Up, Silicon Valley Democrat Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1186461856","media":"Bloomberg","summary":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsA","content":"<p>California Democrat Ro Khanna wants&nbsp;Facebook Inc.&nbsp;to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.</p>\n<p>“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.</p>\n<p>He said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of&nbsp;AT&amp;T Inc.&nbsp;in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.</p>\n<p>In December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.</p>\n<p>Khanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.</p>\n<p>Klobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced&nbsp;legislation&nbsp;that would force&nbsp;Amazon.com Inc.,Apple Inc.&nbsp;and other giants to sell or exit key businesses.</p>\n<p><b>Content Rules</b></p>\n<p>In the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of&nbsp;Twitter Inc.&nbsp;and Facebook. “I don’t think that’s how we ought to operate.”</p>\n<p>“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”</p>\n<p>Khanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook Should Be Broken Up, Silicon Valley Democrat Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 08:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186461856","content_text":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.\n“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.\nHe said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of AT&T Inc. in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.\nIn December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.\nKhanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.\nKlobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced legislation that would force Amazon.com Inc.,Apple Inc. and other giants to sell or exit key businesses.\nContent Rules\nIn the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of Twitter Inc. and Facebook. “I don’t think that’s how we ought to operate.”\n“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”\nKhanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":184433416,"gmtCreate":1623721074035,"gmtModify":1704209504600,"author":{"id":"3554873215379647","authorId":"3554873215379647","name":"Jenjorjack","avatar":"https://static.tigerbbs.com/d9d4687aa5519f0d2fb1b18f916be861","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":1,"idStr":"3554873215379647","authorIdStr":"3554873215379647"},"htmlText":"Facebook ? How about the rest of Fanng. Please like and comment too","listText":"Facebook ? How about the rest of Fanng. Please like and comment too","text":"Facebook ? How about the rest of Fanng. Please like and comment too","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/184433416","repostId":1186461856,"repostType":2,"repost":{"id":"1186461856","pubTimestamp":1623717495,"share":"https://ttm.financial/m/news/1186461856?lang=&edition=fundamental","pubTime":"2021-06-15 08:38","market":"us","language":"en","title":"Facebook Should Be Broken Up, Silicon Valley Democrat Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1186461856","media":"Bloomberg","summary":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsA","content":"<p>California Democrat Ro Khanna wants&nbsp;Facebook Inc.&nbsp;to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.</p>\n<p>“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.</p>\n<p>He said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of&nbsp;AT&amp;T Inc.&nbsp;in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.</p>\n<p>In December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.</p>\n<p>Khanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.</p>\n<p>Klobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced&nbsp;legislation&nbsp;that would force&nbsp;Amazon.com Inc.,Apple Inc.&nbsp;and other giants to sell or exit key businesses.</p>\n<p><b>Content Rules</b></p>\n<p>In the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of&nbsp;Twitter Inc.&nbsp;and Facebook. “I don’t think that’s how we ought to operate.”</p>\n<p>“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”</p>\n<p>Khanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Facebook Should Be Broken Up, Silicon Valley Democrat Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook Should Be Broken Up, Silicon Valley Democrat Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 08:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186461856","content_text":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.\n“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.\nHe said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of AT&T Inc. in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.\nIn December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.\nKhanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.\nKlobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced legislation that would force Amazon.com Inc.,Apple Inc. and other giants to sell or exit key businesses.\nContent Rules\nIn the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of Twitter Inc. and Facebook. “I don’t think that’s how we ought to operate.”\n“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”\nKhanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4760270,"gmtCreate":1623721590250,"gmtModify":1663228803339,"authorId":3574119575606145,"author":{"id":3574119575606145,"idStr":"3574119575606145","authorId":3574119575606145,"name":"L1324","avatar":"https://static.tigerbbs.com/b05b9f32dd8af2590c80da38d48e37fc","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":184433416,"type":1,"supId":0,"prevId":0,"content":"is the shares? so more ppl will able to own it","text":"is the shares? so more ppl will able to own it","html":"is the shares? so more ppl will able to own it"}],"langContent":"EN"},{"id":184575544,"gmtCreate":1623720277988,"gmtModify":1704209472212,"author":{"id":"3581331692871918","authorId":"3581331692871918","name":"beebeeyan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3581331692871918","authorIdStr":"3581331692871918"},"htmlText":"up up up","listText":"up up up","text":"up up up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184575544","repostId":1186461856,"repostType":4,"repost":{"id":"1186461856","pubTimestamp":1623717495,"share":"https://ttm.financial/m/news/1186461856?lang=&edition=fundamental","pubTime":"2021-06-15 08:38","market":"us","language":"en","title":"Facebook Should Be Broken Up, Silicon Valley Democrat Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1186461856","media":"Bloomberg","summary":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsA","content":"<p>California Democrat Ro Khanna wants&nbsp;Facebook Inc.&nbsp;to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.</p>\n<p>“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.</p>\n<p>He said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of&nbsp;AT&amp;T Inc.&nbsp;in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.</p>\n<p>In December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.</p>\n<p>Khanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.</p>\n<p>Klobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced&nbsp;legislation&nbsp;that would force&nbsp;Amazon.com Inc.,Apple Inc.&nbsp;and other giants to sell or exit key businesses.</p>\n<p><b>Content Rules</b></p>\n<p>In the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of&nbsp;Twitter Inc.&nbsp;and Facebook. “I don’t think that’s how we ought to operate.”</p>\n<p>“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”</p>\n<p>Khanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Facebook Should Be Broken Up, Silicon Valley Democrat Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook Should Be Broken Up, Silicon Valley Democrat Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 08:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186461856","content_text":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.\n“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.\nHe said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of AT&T Inc. in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.\nIn December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.\nKhanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.\nKlobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced legislation that would force Amazon.com Inc.,Apple Inc. and other giants to sell or exit key businesses.\nContent Rules\nIn the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of Twitter Inc. and Facebook. “I don’t think that’s how we ought to operate.”\n“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”\nKhanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":184545284,"gmtCreate":1623720007848,"gmtModify":1704209457958,"author":{"id":"3572924792782965","authorId":"3572924792782965","name":"Zanetaghx","avatar":"https://static.tigerbbs.com/00c8d7266d0f1b04eec7f35954d54324","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3572924792782965","authorIdStr":"3572924792782965"},"htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/184545284","repostId":1186461856,"repostType":4,"repost":{"id":"1186461856","pubTimestamp":1623717495,"share":"https://ttm.financial/m/news/1186461856?lang=&edition=fundamental","pubTime":"2021-06-15 08:38","market":"us","language":"en","title":"Facebook Should Be Broken Up, Silicon Valley Democrat Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1186461856","media":"Bloomberg","summary":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsA","content":"<p>California Democrat Ro Khanna wants&nbsp;Facebook Inc.&nbsp;to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.</p>\n<p>“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.</p>\n<p>He said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of&nbsp;AT&amp;T Inc.&nbsp;in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.</p>\n<p>In December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.</p>\n<p>Khanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.</p>\n<p>Klobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced&nbsp;legislation&nbsp;that would force&nbsp;Amazon.com Inc.,Apple Inc.&nbsp;and other giants to sell or exit key businesses.</p>\n<p><b>Content Rules</b></p>\n<p>In the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of&nbsp;Twitter Inc.&nbsp;and Facebook. “I don’t think that’s how we ought to operate.”</p>\n<p>“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”</p>\n<p>Khanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook Should Be Broken Up, Silicon Valley Democrat Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 08:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186461856","content_text":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.\n“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.\nHe said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of AT&T Inc. in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.\nIn December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.\nKhanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.\nKlobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced legislation that would force Amazon.com Inc.,Apple Inc. and other giants to sell or exit key businesses.\nContent Rules\nIn the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of Twitter Inc. and Facebook. “I don’t think that’s how we ought to operate.”\n“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”\nKhanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4831652,"gmtCreate":1623899825661,"gmtModify":1663229124928,"authorId":3572924792782965,"author":{"id":3572924792782965,"idStr":"3572924792782965","authorId":3572924792782965,"name":"Zanetaghx","avatar":"https://static.tigerbbs.com/00c8d7266d0f1b04eec7f35954d54324","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":184545284,"type":1,"supId":4765831,"prevId":0,"content":"Thanks ","text":"Thanks ","html":"Thanks 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08:38","market":"us","language":"en","title":"Facebook Should Be Broken Up, Silicon Valley Democrat Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1186461856","media":"Bloomberg","summary":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsA","content":"<p>California Democrat Ro Khanna wants&nbsp;Facebook Inc.&nbsp;to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.</p>\n<p>“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.</p>\n<p>He said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of&nbsp;AT&amp;T Inc.&nbsp;in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.</p>\n<p>In December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.</p>\n<p>Khanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.</p>\n<p>Klobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced&nbsp;legislation&nbsp;that would force&nbsp;Amazon.com Inc.,Apple Inc.&nbsp;and other giants to sell or exit key businesses.</p>\n<p><b>Content Rules</b></p>\n<p>In the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of&nbsp;Twitter Inc.&nbsp;and Facebook. “I don’t think that’s how we ought to operate.”</p>\n<p>“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”</p>\n<p>Khanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook Should Be Broken Up, Silicon Valley Democrat Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 08:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186461856","content_text":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.\n“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.\nHe said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of AT&T Inc. in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.\nIn December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.\nKhanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.\nKlobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced legislation that would force Amazon.com Inc.,Apple Inc. and other giants to sell or exit key businesses.\nContent Rules\nIn the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of Twitter Inc. and Facebook. “I don’t think that’s how we ought to operate.”\n“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”\nKhanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":184550679,"gmtCreate":1623719511291,"gmtModify":1704209433978,"author":{"id":"3582250945116763","authorId":"3582250945116763","name":"Hock80","avatar":"https://static.tigerbbs.com/9a5858ff376379f4dc7e2f5e2e6e4856","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582250945116763","authorIdStr":"3582250945116763"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184550679","repostId":1186461856,"repostType":4,"repost":{"id":"1186461856","pubTimestamp":1623717495,"share":"https://ttm.financial/m/news/1186461856?lang=&edition=fundamental","pubTime":"2021-06-15 08:38","market":"us","language":"en","title":"Facebook Should Be Broken Up, Silicon Valley Democrat Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1186461856","media":"Bloomberg","summary":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsA","content":"<p>California Democrat Ro Khanna wants&nbsp;Facebook Inc.&nbsp;to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.</p>\n<p>“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.</p>\n<p>He said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of&nbsp;AT&amp;T Inc.&nbsp;in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.</p>\n<p>In December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.</p>\n<p>Khanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.</p>\n<p>Klobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced&nbsp;legislation&nbsp;that would force&nbsp;Amazon.com Inc.,Apple Inc.&nbsp;and other giants to sell or exit key businesses.</p>\n<p><b>Content Rules</b></p>\n<p>In the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of&nbsp;Twitter Inc.&nbsp;and Facebook. “I don’t think that’s how we ought to operate.”</p>\n<p>“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”</p>\n<p>Khanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Facebook Should Be Broken Up, Silicon Valley Democrat Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook Should Be Broken Up, Silicon Valley Democrat Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 08:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186461856","content_text":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.\n“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.\nHe said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of AT&T Inc. in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.\nIn December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.\nKhanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.\nKlobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced legislation that would force Amazon.com Inc.,Apple Inc. and other giants to sell or exit key businesses.\nContent Rules\nIn the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of Twitter Inc. and Facebook. “I don’t think that’s how we ought to operate.”\n“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”\nKhanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":184512976,"gmtCreate":1623718568895,"gmtModify":1704209384628,"author":{"id":"3578274074419087","authorId":"3578274074419087","name":"Eddieckh","avatar":"https://static.tigerbbs.com/6507f7b56c80cb9cef151c0c42a2a8dc","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3578274074419087","authorIdStr":"3578274074419087"},"htmlText":"Like and comment please. Thank you.","listText":"Like and comment please. Thank you.","text":"Like and comment please. Thank you.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/184512976","repostId":1186461856,"repostType":2,"repost":{"id":"1186461856","pubTimestamp":1623717495,"share":"https://ttm.financial/m/news/1186461856?lang=&edition=fundamental","pubTime":"2021-06-15 08:38","market":"us","language":"en","title":"Facebook Should Be Broken Up, Silicon Valley Democrat Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1186461856","media":"Bloomberg","summary":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsA","content":"<p>California Democrat Ro Khanna wants&nbsp;Facebook Inc.&nbsp;to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.</p>\n<p>“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.</p>\n<p>He said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of&nbsp;AT&amp;T Inc.&nbsp;in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.</p>\n<p>In December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.</p>\n<p>Khanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.</p>\n<p>Klobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced&nbsp;legislation&nbsp;that would force&nbsp;Amazon.com Inc.,Apple Inc.&nbsp;and other giants to sell or exit key businesses.</p>\n<p><b>Content Rules</b></p>\n<p>In the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of&nbsp;Twitter Inc.&nbsp;and Facebook. “I don’t think that’s how we ought to operate.”</p>\n<p>“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”</p>\n<p>Khanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Facebook Should Be Broken Up, Silicon Valley Democrat Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook Should Be Broken Up, Silicon Valley Democrat Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 08:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186461856","content_text":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.\n“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.\nHe said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of AT&T Inc. in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.\nIn December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.\nKhanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.\nKlobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced legislation that would force Amazon.com Inc.,Apple Inc. and other giants to sell or exit key businesses.\nContent Rules\nIn the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of Twitter Inc. and Facebook. “I don’t think that’s how we ought to operate.”\n“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”\nKhanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4759691,"gmtCreate":1623720293379,"gmtModify":1663228800545,"authorId":3581331692871918,"author":{"id":3581331692871918,"idStr":"3581331692871918","authorId":3581331692871918,"name":"beebeeyan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":184512976,"type":1,"supId":4759515,"prevId":0,"content":"up u<u>p</u>","text":"up u<u>p</u>","html":"up u<u>p</u>"},{"id":4759515,"gmtCreate":1623720000350,"gmtModify":1663228798649,"authorId":3572924792782965,"author":{"id":3572924792782965,"idStr":"3572924792782965","authorId":3572924792782965,"name":"Zanetaghx","avatar":"https://static.tigerbbs.com/00c8d7266d0f1b04eec7f35954d54324","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":184512976,"type":1,"supId":0,"prevId":0,"content":"Reply pls","text":"Reply pls","html":"Reply pls"},{"id":4758817,"gmtCreate":1623718696406,"gmtModify":1663228794458,"authorId":3570424148942091,"author":{"id":3570424148942091,"idStr":"3570424148942091","authorId":3570424148942091,"name":"Fredwkh","avatar":"https://static.tigerbbs.com/301d103aff8ff9955978aa630ee85588","vip":1,"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":184512976,"type":1,"supId":0,"prevId":0,"content":"Comment back","text":"Comment back","html":"Comment back"}],"langContent":"EN"},{"id":184513780,"gmtCreate":1623718469940,"gmtModify":1704209380062,"author":{"id":"3581496657430027","authorId":"3581496657430027","name":"TSLAtothemoon","avatar":"https://static.tigerbbs.com/b7eb252b1bc52ab7567a6f6dbc62f92e","vip":1,"hat":"https://static.tigerbbs.com/ae1f49570794979e009a5efdeb6f4789","crmLevel":7,"crmLevelSwitch":1,"idStr":"3581496657430027","authorIdStr":"3581496657430027"},"htmlText":"Like comment pls","listText":"Like comment pls","text":"Like comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/184513780","repostId":1186461856,"repostType":4,"repost":{"id":"1186461856","pubTimestamp":1623717495,"share":"https://ttm.financial/m/news/1186461856?lang=&edition=fundamental","pubTime":"2021-06-15 08:38","market":"us","language":"en","title":"Facebook Should Be Broken Up, Silicon Valley Democrat Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1186461856","media":"Bloomberg","summary":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsA","content":"<p>California Democrat Ro Khanna wants&nbsp;Facebook Inc.&nbsp;to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.</p>\n<p>“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.</p>\n<p>He said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of&nbsp;AT&amp;T Inc.&nbsp;in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.</p>\n<p>In December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.</p>\n<p>Khanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.</p>\n<p>Klobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced&nbsp;legislation&nbsp;that would force&nbsp;Amazon.com Inc.,Apple Inc.&nbsp;and other giants to sell or exit key businesses.</p>\n<p><b>Content Rules</b></p>\n<p>In the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of&nbsp;Twitter Inc.&nbsp;and Facebook. “I don’t think that’s how we ought to operate.”</p>\n<p>“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”</p>\n<p>Khanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Facebook Should Be Broken Up, Silicon Valley Democrat Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook Should Be Broken Up, Silicon Valley Democrat Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 08:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186461856","content_text":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.\n“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.\nHe said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of AT&T Inc. in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.\nIn December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.\nKhanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.\nKlobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced legislation that would force Amazon.com Inc.,Apple Inc. and other giants to sell or exit key businesses.\nContent Rules\nIn the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of Twitter Inc. and Facebook. “I don’t think that’s how we ought to operate.”\n“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”\nKhanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4758827,"gmtCreate":1623718702776,"gmtModify":1663228795749,"authorId":3570424148942091,"author":{"id":3570424148942091,"idStr":"3570424148942091","authorId":3570424148942091,"name":"Fredwkh","avatar":"https://static.tigerbbs.com/301d103aff8ff9955978aa630ee85588","vip":1,"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":184513780,"type":1,"supId":0,"prevId":0,"content":"Comment back","text":"Comment back","html":"Comment back"}],"langContent":"EN"},{"id":184532944,"gmtCreate":1623718282888,"gmtModify":1704209370751,"author":{"id":"3578983795474363","authorId":"3578983795474363","name":"DesmondChin","avatar":"https://static.tigerbbs.com/b90cb6b6a6c328ac8d02a829e5e7c835","vip":1,"hat":"https://static.tigerbbs.com/46b6808e1ba3716fb9c53339adffa3c5","crmLevel":3,"crmLevelSwitch":1,"idStr":"3578983795474363","authorIdStr":"3578983795474363"},"htmlText":"\"It seems to me\" instead&nbsp;\"it&nbsp;seems to us\".... Personal opinion matter more than the public?","listText":"\"It seems to me\" instead&nbsp;\"it&nbsp;seems to us\".... Personal opinion matter more than the public?","text":"\"It seems to me\" instead \"it seems to us\".... Personal opinion matter more than the public?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/184532944","repostId":1186461856,"repostType":4,"repost":{"id":"1186461856","pubTimestamp":1623717495,"share":"https://ttm.financial/m/news/1186461856?lang=&edition=fundamental","pubTime":"2021-06-15 08:38","market":"us","language":"en","title":"Facebook Should Be Broken Up, Silicon Valley Democrat Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1186461856","media":"Bloomberg","summary":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsA","content":"<p>California Democrat Ro Khanna wants&nbsp;Facebook Inc.&nbsp;to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.</p>\n<p>“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.</p>\n<p>He said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of&nbsp;AT&amp;T Inc.&nbsp;in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.</p>\n<p>In December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.</p>\n<p>Khanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.</p>\n<p>Klobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced&nbsp;legislation&nbsp;that would force&nbsp;Amazon.com Inc.,Apple Inc.&nbsp;and other giants to sell or exit key businesses.</p>\n<p><b>Content Rules</b></p>\n<p>In the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of&nbsp;Twitter Inc.&nbsp;and Facebook. “I don’t think that’s how we ought to operate.”</p>\n<p>“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”</p>\n<p>Khanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Facebook Should Be Broken Up, Silicon Valley Democrat Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook Should Be Broken Up, Silicon Valley Democrat Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 08:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186461856","content_text":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.\n“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.\nHe said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of AT&T Inc. in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.\nIn December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.\nKhanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.\nKlobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced legislation that would force Amazon.com Inc.,Apple Inc. and other giants to sell or exit key businesses.\nContent Rules\nIn the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of Twitter Inc. and Facebook. “I don’t think that’s how we ought to operate.”\n“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”\nKhanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4758676,"gmtCreate":1623718496268,"gmtModify":1635321125768,"authorId":3581496657430027,"author":{"id":3581496657430027,"idStr":"3581496657430027","authorId":3581496657430027,"name":"TSLAtothemoon","avatar":"https://static.tigerbbs.com/b7eb252b1bc52ab7567a6f6dbc62f92e","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.06.11","exceedPercentage":"93.73%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":184532944,"type":1,"supId":0,"prevId":0,"content":"can ignore this personal opinion piece i feel...","text":"can ignore this personal opinion piece i feel...","html":"can ignore this personal opinion piece i feel..."}],"langContent":"EN"},{"id":184538623,"gmtCreate":1623718199062,"gmtModify":1704209368452,"author":{"id":"3581826630976541","authorId":"3581826630976541","name":"DollarMcDuck","avatar":"https://static.tigerbbs.com/4d31ee26494df49542fa7289ea739fd3","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3581826630976541","authorIdStr":"3581826630976541"},"htmlText":"[Smile]&nbsp;[Smile]&nbsp;[Smile]&nbsp;[Smile]&nbsp;","listText":"[Smile]&nbsp;[Smile]&nbsp;[Smile]&nbsp;[Smile]&nbsp;","text":"[Smile] [Smile] [Smile] [Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/184538623","repostId":1186461856,"repostType":4,"repost":{"id":"1186461856","pubTimestamp":1623717495,"share":"https://ttm.financial/m/news/1186461856?lang=&edition=fundamental","pubTime":"2021-06-15 08:38","market":"us","language":"en","title":"Facebook Should Be Broken Up, Silicon Valley Democrat Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1186461856","media":"Bloomberg","summary":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsA","content":"<p>California Democrat Ro Khanna wants&nbsp;Facebook Inc.&nbsp;to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.</p>\n<p>“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.</p>\n<p>He said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of&nbsp;AT&amp;T Inc.&nbsp;in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.</p>\n<p>In December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.</p>\n<p>Khanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.</p>\n<p>Klobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced&nbsp;legislation&nbsp;that would force&nbsp;Amazon.com Inc.,Apple Inc.&nbsp;and other giants to sell or exit key businesses.</p>\n<p><b>Content Rules</b></p>\n<p>In the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of&nbsp;Twitter Inc.&nbsp;and Facebook. “I don’t think that’s how we ought to operate.”</p>\n<p>“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”</p>\n<p>Khanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Facebook Should Be Broken Up, Silicon Valley Democrat Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook Should Be Broken Up, Silicon Valley Democrat Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 08:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186461856","content_text":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.\n“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.\nHe said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of AT&T Inc. in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.\nIn December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.\nKhanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.\nKlobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced legislation that would force Amazon.com Inc.,Apple Inc. and other giants to sell or exit key businesses.\nContent Rules\nIn the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of Twitter Inc. and Facebook. “I don’t think that’s how we ought to operate.”\n“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”\nKhanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4758564,"gmtCreate":1623718270937,"gmtModify":1663228796047,"authorId":3581826630976541,"author":{"id":3581826630976541,"idStr":"3581826630976541","authorId":3581826630976541,"name":"DollarMcDuck","avatar":"https://static.tigerbbs.com/4d31ee26494df49542fa7289ea739fd3","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":184538623,"type":1,"supId":4758529,"prevId":0,"content":"[Happy][Happy]","text":"[Happy][Happy]","html":"[Happy][Happy]"},{"id":4758529,"gmtCreate":1623718221993,"gmtModify":1663228792441,"authorId":3561717992886950,"author":{"id":3561717992886950,"idStr":"3561717992886950","authorId":3561717992886950,"name":"TraderPro","avatar":"https://static.tigerbbs.com/568fde63114dab0b57fca68200f71afe","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":184538623,"type":1,"supId":0,"prevId":0,"content":"Like! 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"}],"langContent":"EN"},{"id":184539893,"gmtCreate":1623718125912,"gmtModify":1704209364869,"author":{"id":"3578274074419087","authorId":"3578274074419087","name":"Eddieckh","avatar":"https://static.tigerbbs.com/6507f7b56c80cb9cef151c0c42a2a8dc","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3578274074419087","authorIdStr":"3578274074419087"},"htmlText":"[Happy]&nbsp;[Happy]&nbsp;[Happy]&nbsp;[Happy]&nbsp;","listText":"[Happy]&nbsp;[Happy]&nbsp;[Happy]&nbsp;[Happy]&nbsp;","text":"[Happy] [Happy] [Happy] [Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184539893","repostId":1186461856,"repostType":4,"repost":{"id":"1186461856","pubTimestamp":1623717495,"share":"https://ttm.financial/m/news/1186461856?lang=&edition=fundamental","pubTime":"2021-06-15 08:38","market":"us","language":"en","title":"Facebook Should Be Broken Up, Silicon Valley Democrat Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1186461856","media":"Bloomberg","summary":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsA","content":"<p>California Democrat Ro Khanna wants&nbsp;Facebook Inc.&nbsp;to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.</p>\n<p>“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.</p>\n<p>He said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of&nbsp;AT&amp;T Inc.&nbsp;in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.</p>\n<p>In December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.</p>\n<p>Khanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.</p>\n<p>Klobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced&nbsp;legislation&nbsp;that would force&nbsp;Amazon.com Inc.,Apple Inc.&nbsp;and other giants to sell or exit key businesses.</p>\n<p><b>Content Rules</b></p>\n<p>In the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of&nbsp;Twitter Inc.&nbsp;and Facebook. “I don’t think that’s how we ought to operate.”</p>\n<p>“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”</p>\n<p>Khanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook Should Be Broken Up, Silicon Valley Democrat Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 08:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186461856","content_text":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.\n“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.\nHe said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of AT&T Inc. in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.\nIn December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.\nKhanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.\nKlobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced legislation that would force Amazon.com Inc.,Apple Inc. and other giants to sell or exit key businesses.\nContent Rules\nIn the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of Twitter Inc. and Facebook. “I don’t think that’s how we ought to operate.”\n“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”\nKhanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":184597212,"gmtCreate":1623718075636,"gmtModify":1704209362272,"author":{"id":"3574392084255465","authorId":"3574392084255465","name":"dent","avatar":"https://static.tigerbbs.com/e54b2a08f8905d05e3d00b78582bf531","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3574392084255465","authorIdStr":"3574392084255465"},"htmlText":"Please like and comment","listText":"Please like and comment","text":"Please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/184597212","repostId":1186461856,"repostType":4,"repost":{"id":"1186461856","pubTimestamp":1623717495,"share":"https://ttm.financial/m/news/1186461856?lang=&edition=fundamental","pubTime":"2021-06-15 08:38","market":"us","language":"en","title":"Facebook Should Be Broken Up, Silicon Valley Democrat Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1186461856","media":"Bloomberg","summary":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsA","content":"<p>California Democrat Ro Khanna wants&nbsp;Facebook Inc.&nbsp;to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.</p>\n<p>“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.</p>\n<p>He said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of&nbsp;AT&amp;T Inc.&nbsp;in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.</p>\n<p>In December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.</p>\n<p>Khanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.</p>\n<p>Klobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced&nbsp;legislation&nbsp;that would force&nbsp;Amazon.com Inc.,Apple Inc.&nbsp;and other giants to sell or exit key businesses.</p>\n<p><b>Content Rules</b></p>\n<p>In the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of&nbsp;Twitter Inc.&nbsp;and Facebook. “I don’t think that’s how we ought to operate.”</p>\n<p>“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”</p>\n<p>Khanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Facebook Should Be Broken Up, Silicon Valley Democrat Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook Should Be Broken Up, Silicon Valley Democrat Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 08:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186461856","content_text":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.\n“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.\nHe said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of AT&T Inc. in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.\nIn December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.\nKhanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.\nKlobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced legislation that would force Amazon.com Inc.,Apple Inc. and other giants to sell or exit key businesses.\nContent Rules\nIn the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of Twitter Inc. and Facebook. “I don’t think that’s how we ought to operate.”\n“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”\nKhanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4758535,"gmtCreate":1623718232927,"gmtModify":1663228792167,"authorId":3561717992886950,"author":{"id":3561717992886950,"idStr":"3561717992886950","authorId":3561717992886950,"name":"TraderPro","avatar":"https://static.tigerbbs.com/568fde63114dab0b57fca68200f71afe","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":184597212,"type":1,"supId":0,"prevId":0,"content":"Likembakc","text":"Likembakc","html":"Likembakc"}],"langContent":"EN"},{"id":184597837,"gmtCreate":1623718072729,"gmtModify":1704209362110,"author":{"id":"3585001294737518","authorId":"3585001294737518","name":"Universe宇宙","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":6,"crmLevelSwitch":0,"idStr":"3585001294737518","authorIdStr":"3585001294737518"},"htmlText":"Too big to be broken? Reply and like, thanks.","listText":"Too big to be broken? Reply and like, thanks.","text":"Too big to be broken? Reply and like, thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184597837","repostId":1186461856,"repostType":4,"repost":{"id":"1186461856","pubTimestamp":1623717495,"share":"https://ttm.financial/m/news/1186461856?lang=&edition=fundamental","pubTime":"2021-06-15 08:38","market":"us","language":"en","title":"Facebook Should Be Broken Up, Silicon Valley Democrat Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1186461856","media":"Bloomberg","summary":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsA","content":"<p>California Democrat Ro Khanna wants&nbsp;Facebook Inc.&nbsp;to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.</p>\n<p>“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.</p>\n<p>He said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of&nbsp;AT&amp;T Inc.&nbsp;in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.</p>\n<p>In December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.</p>\n<p>Khanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.</p>\n<p>Klobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced&nbsp;legislation&nbsp;that would force&nbsp;Amazon.com Inc.,Apple Inc.&nbsp;and other giants to sell or exit key businesses.</p>\n<p><b>Content Rules</b></p>\n<p>In the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of&nbsp;Twitter Inc.&nbsp;and Facebook. “I don’t think that’s how we ought to operate.”</p>\n<p>“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”</p>\n<p>Khanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Facebook Should Be Broken Up, Silicon Valley Democrat Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook Should Be Broken Up, Silicon Valley Democrat Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 08:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186461856","content_text":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.\n“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.\nHe said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of AT&T Inc. in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.\nIn December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.\nKhanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.\nKlobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced legislation that would force Amazon.com Inc.,Apple Inc. and other giants to sell or exit key businesses.\nContent Rules\nIn the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of Twitter Inc. and Facebook. “I don’t think that’s how we ought to operate.”\n“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”\nKhanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":184595702,"gmtCreate":1623718047106,"gmtModify":1704209361297,"author":{"id":"3581807635057347","authorId":"3581807635057347","name":"HuatBee","avatar":"https://static.tigerbbs.com/0fe02b78336d4bf9d376a5d113921817","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581807635057347","authorIdStr":"3581807635057347"},"htmlText":"ya","listText":"ya","text":"ya","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184595702","repostId":1186461856,"repostType":4,"repost":{"id":"1186461856","pubTimestamp":1623717495,"share":"https://ttm.financial/m/news/1186461856?lang=&edition=fundamental","pubTime":"2021-06-15 08:38","market":"us","language":"en","title":"Facebook Should Be Broken Up, Silicon Valley Democrat Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1186461856","media":"Bloomberg","summary":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsA","content":"<p>California Democrat Ro Khanna wants&nbsp;Facebook Inc.&nbsp;to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.</p>\n<p>“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.</p>\n<p>He said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of&nbsp;AT&amp;T Inc.&nbsp;in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.</p>\n<p>In December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.</p>\n<p>Khanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.</p>\n<p>Klobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced&nbsp;legislation&nbsp;that would force&nbsp;Amazon.com Inc.,Apple Inc.&nbsp;and other giants to sell or exit key businesses.</p>\n<p><b>Content Rules</b></p>\n<p>In the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of&nbsp;Twitter Inc.&nbsp;and Facebook. “I don’t think that’s how we ought to operate.”</p>\n<p>“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”</p>\n<p>Khanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Facebook Should Be Broken Up, Silicon Valley Democrat Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook Should Be Broken Up, Silicon Valley Democrat Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 08:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186461856","content_text":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.\n“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.\nHe said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of AT&T Inc. in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.\nIn December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.\nKhanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.\nKlobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced legislation that would force Amazon.com Inc.,Apple Inc. and other giants to sell or exit key businesses.\nContent Rules\nIn the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of Twitter Inc. and Facebook. “I don’t think that’s how we ought to operate.”\n“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”\nKhanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":184592916,"gmtCreate":1623718011335,"gmtModify":1704209358207,"author":{"id":"3581505866102985","authorId":"3581505866102985","name":"skyel","avatar":"https://static.tigerbbs.com/a4e416c9b1fabad56fbe0e086388d5b0","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3581505866102985","authorIdStr":"3581505866102985"},"htmlText":"To spin off small units and IPO, make FB even richer, isn't it?&nbsp;","listText":"To spin off small units and IPO, make FB even richer, isn't it?&nbsp;","text":"To spin off small units and IPO, make FB even richer, isn't it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/184592916","repostId":1186461856,"repostType":4,"repost":{"id":"1186461856","pubTimestamp":1623717495,"share":"https://ttm.financial/m/news/1186461856?lang=&edition=fundamental","pubTime":"2021-06-15 08:38","market":"us","language":"en","title":"Facebook Should Be Broken Up, Silicon Valley Democrat Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1186461856","media":"Bloomberg","summary":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsA","content":"<p>California Democrat Ro Khanna wants&nbsp;Facebook Inc.&nbsp;to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.</p>\n<p>“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.</p>\n<p>He said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of&nbsp;AT&amp;T Inc.&nbsp;in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.</p>\n<p>In December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.</p>\n<p>Khanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.</p>\n<p>Klobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced&nbsp;legislation&nbsp;that would force&nbsp;Amazon.com Inc.,Apple Inc.&nbsp;and other giants to sell or exit key businesses.</p>\n<p><b>Content Rules</b></p>\n<p>In the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of&nbsp;Twitter Inc.&nbsp;and Facebook. “I don’t think that’s how we ought to operate.”</p>\n<p>“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”</p>\n<p>Khanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Facebook Should Be Broken Up, Silicon Valley Democrat Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook Should Be Broken Up, Silicon Valley Democrat Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 08:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186461856","content_text":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.\n“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.\nHe said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of AT&T Inc. in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.\nIn December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.\nKhanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.\nKlobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced legislation that would force Amazon.com Inc.,Apple Inc. and other giants to sell or exit key businesses.\nContent Rules\nIn the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of Twitter Inc. and Facebook. “I don’t think that’s how we ought to operate.”\n“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”\nKhanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4764553,"gmtCreate":1623734983832,"gmtModify":1635320574993,"authorId":3559442908249805,"author":{"id":3559442908249805,"idStr":"3559442908249805","authorId":3559442908249805,"name":"klins3","avatar":"https://static.tigerbbs.com/6cd70c4b0d890a67e7a971019025e4c1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":184592916,"type":1,"supId":0,"prevId":0,"content":"agree","text":"agree","html":"agree"}],"langContent":"EN"},{"id":184591969,"gmtCreate":1623717926551,"gmtModify":1704209353813,"author":{"id":"3567221235003553","authorId":"3567221235003553","name":"JFK","avatar":"https://community-static.tradeup.com/news/a89af0535393568b5b43866c02b3230f","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3567221235003553","authorIdStr":"3567221235003553"},"htmlText":"Well done.&nbsp;","listText":"Well done.&nbsp;","text":"Well done.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/184591969","repostId":1186461856,"repostType":4,"repost":{"id":"1186461856","pubTimestamp":1623717495,"share":"https://ttm.financial/m/news/1186461856?lang=&edition=fundamental","pubTime":"2021-06-15 08:38","market":"us","language":"en","title":"Facebook Should Be Broken Up, Silicon Valley Democrat Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1186461856","media":"Bloomberg","summary":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsA","content":"<p>California Democrat Ro Khanna wants&nbsp;Facebook Inc.&nbsp;to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.</p>\n<p>“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.</p>\n<p>He said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of&nbsp;AT&amp;T Inc.&nbsp;in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.</p>\n<p>In December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.</p>\n<p>Khanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.</p>\n<p>Klobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced&nbsp;legislation&nbsp;that would force&nbsp;Amazon.com Inc.,Apple Inc.&nbsp;and other giants to sell or exit key businesses.</p>\n<p><b>Content Rules</b></p>\n<p>In the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of&nbsp;Twitter Inc.&nbsp;and Facebook. “I don’t think that’s how we ought to operate.”</p>\n<p>“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”</p>\n<p>Khanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Facebook Should Be Broken Up, Silicon Valley Democrat Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook Should Be Broken Up, Silicon Valley Democrat Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 08:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186461856","content_text":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.\n“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.\nHe said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of AT&T Inc. in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.\nIn December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.\nKhanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.\nKlobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced legislation that would force Amazon.com Inc.,Apple Inc. and other giants to sell or exit key businesses.\nContent Rules\nIn the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of Twitter Inc. and Facebook. “I don’t think that’s how we ought to operate.”\n“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”\nKhanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4758474,"gmtCreate":1623718069504,"gmtModify":1663228793536,"authorId":3569978586500313,"author":{"id":3569978586500313,"idStr":"3569978586500313","authorId":3569978586500313,"name":"CSYNCTP06","avatar":"https://community-static.tradeup.com/news/8cb958ad8c93ebca5e9a5127b15fe945","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":184591969,"type":1,"supId":0,"prevId":0,"content":"Hi","text":"Hi","html":"Hi"}],"langContent":"EN"},{"id":184593743,"gmtCreate":1623717922082,"gmtModify":1704209353651,"author":{"id":"3569935580474431","authorId":"3569935580474431","name":"EY12","avatar":"https://static.tigerbbs.com/103e86782b34598ff73873d5f9259adb","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3569935580474431","authorIdStr":"3569935580474431"},"htmlText":"Like n comment&nbsp;","listText":"Like n comment&nbsp;","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/184593743","repostId":1186461856,"repostType":4,"repost":{"id":"1186461856","pubTimestamp":1623717495,"share":"https://ttm.financial/m/news/1186461856?lang=&edition=fundamental","pubTime":"2021-06-15 08:38","market":"us","language":"en","title":"Facebook Should Be Broken Up, Silicon Valley Democrat Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1186461856","media":"Bloomberg","summary":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsA","content":"<p>California Democrat Ro Khanna wants&nbsp;Facebook Inc.&nbsp;to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.</p>\n<p>“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.</p>\n<p>He said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of&nbsp;AT&amp;T Inc.&nbsp;in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.</p>\n<p>In December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.</p>\n<p>Khanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.</p>\n<p>Klobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced&nbsp;legislation&nbsp;that would force&nbsp;Amazon.com Inc.,Apple Inc.&nbsp;and other giants to sell or exit key businesses.</p>\n<p><b>Content Rules</b></p>\n<p>In the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of&nbsp;Twitter Inc.&nbsp;and Facebook. “I don’t think that’s how we ought to operate.”</p>\n<p>“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”</p>\n<p>Khanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Facebook Should Be Broken Up, Silicon Valley Democrat Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook Should Be Broken Up, Silicon Valley Democrat Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 08:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186461856","content_text":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.\n“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.\nHe said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of AT&T Inc. in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.\nIn December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.\nKhanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.\nKlobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced legislation that would force Amazon.com Inc.,Apple Inc. and other giants to sell or exit key businesses.\nContent Rules\nIn the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of Twitter Inc. and Facebook. “I don’t think that’s how we ought to operate.”\n“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”\nKhanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4758401,"gmtCreate":1623717933021,"gmtModify":1663228793330,"authorId":3569935580474431,"author":{"id":3569935580474431,"idStr":"3569935580474431","authorId":3569935580474431,"name":"EY12","avatar":"https://static.tigerbbs.com/103e86782b34598ff73873d5f9259adb","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":184593743,"type":1,"supId":0,"prevId":0,"content":"<u>hi</u>","text":"<u>hi</u>","html":"<u>hi</u>"},{"id":4758420,"gmtCreate":1623717958888,"gmtModify":1663228793249,"authorId":3578472903237510,"author":{"id":3578472903237510,"idStr":"3578472903237510","authorId":3578472903237510,"name":"FreebigmoNeY","avatar":"https://static.tigerbbs.com/3a31b93448657f6d83ec000012f9f9e6","vip":1,"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":184593743,"type":1,"supId":0,"prevId":0,"content":"Like n comment back","text":"Like n comment back","html":"Like n comment back"}],"langContent":"EN"},{"id":184505622,"gmtCreate":1623717751566,"gmtModify":1704209345992,"author":{"id":"3583209394833661","authorId":"3583209394833661","name":"Astroboy8218","avatar":"https://static.tigerbbs.com/28a74398d0bdb1b93a2a5cf999f75066","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":8,"crmLevelSwitch":1,"idStr":"3583209394833661","authorIdStr":"3583209394833661"},"htmlText":"Good says.","listText":"Good says.","text":"Good says.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184505622","repostId":1186461856,"repostType":4,"repost":{"id":"1186461856","pubTimestamp":1623717495,"share":"https://ttm.financial/m/news/1186461856?lang=&edition=fundamental","pubTime":"2021-06-15 08:38","market":"us","language":"en","title":"Facebook Should Be Broken Up, Silicon Valley Democrat Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1186461856","media":"Bloomberg","summary":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsA","content":"<p>California Democrat Ro Khanna wants&nbsp;Facebook Inc.&nbsp;to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.</p>\n<p>“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.</p>\n<p>He said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of&nbsp;AT&amp;T Inc.&nbsp;in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.</p>\n<p>In December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.</p>\n<p>Khanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.</p>\n<p>Klobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced&nbsp;legislation&nbsp;that would force&nbsp;Amazon.com Inc.,Apple Inc.&nbsp;and other giants to sell or exit key businesses.</p>\n<p><b>Content Rules</b></p>\n<p>In the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of&nbsp;Twitter Inc.&nbsp;and Facebook. “I don’t think that’s how we ought to operate.”</p>\n<p>“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”</p>\n<p>Khanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Facebook Should Be Broken Up, Silicon Valley Democrat Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook Should Be Broken Up, Silicon Valley Democrat Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 08:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186461856","content_text":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.\n“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.\nHe said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of AT&T Inc. in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.\nIn December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.\nKhanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.\nKlobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced legislation that would force Amazon.com Inc.,Apple Inc. and other giants to sell or exit key businesses.\nContent Rules\nIn the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of Twitter Inc. and Facebook. “I don’t think that’s how we ought to operate.”\n“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”\nKhanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":184502229,"gmtCreate":1623717725961,"gmtModify":1704209344856,"author":{"id":"3573553710836358","authorId":"3573553710836358","name":"Joanne93","avatar":"https://static.tigerbbs.com/9c967d9964ec9b441fa6dd9a144f939e","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3573553710836358","authorIdStr":"3573553710836358"},"htmlText":"Pls like and comment&nbsp;","listText":"Pls like and comment&nbsp;","text":"Pls like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/184502229","repostId":1186461856,"repostType":4,"repost":{"id":"1186461856","pubTimestamp":1623717495,"share":"https://ttm.financial/m/news/1186461856?lang=&edition=fundamental","pubTime":"2021-06-15 08:38","market":"us","language":"en","title":"Facebook Should Be Broken Up, Silicon Valley Democrat Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1186461856","media":"Bloomberg","summary":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsA","content":"<p>California Democrat Ro Khanna wants&nbsp;Facebook Inc.&nbsp;to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.</p>\n<p>“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.</p>\n<p>He said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of&nbsp;AT&amp;T Inc.&nbsp;in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.</p>\n<p>In December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.</p>\n<p>Khanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.</p>\n<p>Klobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced&nbsp;legislation&nbsp;that would force&nbsp;Amazon.com Inc.,Apple Inc.&nbsp;and other giants to sell or exit key businesses.</p>\n<p><b>Content Rules</b></p>\n<p>In the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of&nbsp;Twitter Inc.&nbsp;and Facebook. “I don’t think that’s how we ought to operate.”</p>\n<p>“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”</p>\n<p>Khanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Facebook Should Be Broken Up, Silicon Valley Democrat Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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He cited the precedent set by the break up of AT&T Inc. in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.\nIn December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.\nKhanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.\nKlobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced legislation that would force Amazon.com Inc.,Apple Inc. and other giants to sell or exit key businesses.\nContent Rules\nIn the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of Twitter Inc. and Facebook. “I don’t think that’s how we ought to operate.”\n“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”\nKhanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4758460,"gmtCreate":1623718043625,"gmtModify":1663228793039,"authorId":3563067678826056,"author":{"id":3563067678826056,"idStr":"3563067678826056","authorId":3563067678826056,"name":"Donovon","avatar":"https://static.tigerbbs.com/0c49b742fc2acedd0736cd6626a70aee","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"93.89%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":184502229,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":4758473,"gmtCreate":1623718068367,"gmtModify":1631883865729,"authorId":3573553710836358,"author":{"id":3573553710836358,"idStr":"3573553710836358","authorId":3573553710836358,"name":"Joanne93","avatar":"https://static.tigerbbs.com/9c967d9964ec9b441fa6dd9a144f939e","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":184502229,"type":1,"supId":4758460,"prevId":0,"content":"Thx","text":"Thx","html":"Thx"},{"id":4758393,"gmtCreate":1623717915974,"gmtModify":1631883865706,"authorId":3567221235003553,"author":{"id":3567221235003553,"idStr":"3567221235003553","authorId":3567221235003553,"name":"JFK","avatar":"https://community-static.tradeup.com/news/a89af0535393568b5b43866c02b3230f","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-1","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Elite 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like and comment my post, thanks&nbsp;","listText":"Please like and comment my post, thanks&nbsp;","text":"Please like and comment my post, thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":7,"repostSize":0,"link":"https://ttm.financial/post/184508722","repostId":1186461856,"repostType":4,"repost":{"id":"1186461856","pubTimestamp":1623717495,"share":"https://ttm.financial/m/news/1186461856?lang=&edition=fundamental","pubTime":"2021-06-15 08:38","market":"us","language":"en","title":"Facebook Should Be Broken Up, Silicon Valley Democrat Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1186461856","media":"Bloomberg","summary":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsA","content":"<p>California Democrat Ro Khanna wants&nbsp;Facebook Inc.&nbsp;to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.</p>\n<p>“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.</p>\n<p>He said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of&nbsp;AT&amp;T Inc.&nbsp;in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.</p>\n<p>In December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.</p>\n<p>Khanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.</p>\n<p>Klobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced&nbsp;legislation&nbsp;that would force&nbsp;Amazon.com Inc.,Apple Inc.&nbsp;and other giants to sell or exit key businesses.</p>\n<p><b>Content Rules</b></p>\n<p>In the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of&nbsp;Twitter Inc.&nbsp;and Facebook. “I don’t think that’s how we ought to operate.”</p>\n<p>“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”</p>\n<p>Khanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard against mass government surveillance and provide individuals with more control over their data.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook Should Be Broken Up, Silicon Valley Democrat Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 08:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-14/facebook-should-be-broken-up-silicon-valley-democrat-says?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186461856","content_text":"California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust enforcement and privacy regulations.\n“It seems to me we would be better off if they were multiple platforms,” Khanna, who represents part of Silicon Valley in Congress and sits on the House Oversight Committee, said in an interview with Bloomberg TV on Monday. “I don’t think that merger should have been approved in the first place,” he said, referring to Facebook’s takeover of Instagram.\nHe said that there aren’t a lot of other robust social media platforms, and that having Instagram and WhatsApp as separate entities would help foster more competition. He cited the precedent set by the break up of AT&T Inc. in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.\nIn December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.\nKhanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.\nKlobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. Last week, Democrats led by Representative David Cicilline, a Rhode Island Democrat, introduced legislation that would force Amazon.com Inc.,Apple Inc. and other giants to sell or exit key businesses.\nContent Rules\nIn the interview, Khanna also called for guidelines to regulate what type of content should be removed from platforms. “Until we do that, I think you’re still going to have the internet be the Wild West where Jack Dorsey and Mark Zuckerberg get to decide the rules,” he said, referring to the heads of Twitter Inc. and Facebook. “I don’t think that’s how we ought to operate.”\n“I believe technology is a force for good,” Khanna said. “I believe it’s a force for innovation and entrepreneurship, but we need stronger regulations on privacy, with my Internet Bill of Rights, and on antitrust to have a competitive playing field.”\nKhanna’s proposal, first introduced in 2018, seeks to ensure net neutrality, which forbids broadband providers from favoring their own content, guard 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