The current news about Microsoft acquiring GitHub for $7.5 billion has resulted in quite some dismay on the software developers’ facet. San Francisco has gone in a distinct direction, with policies that have largely helped tech and increased taxes on other industries like actual estate, in accordance with metropolis data. For the reason that Cambridge Analytica scandal broke in March, Facebook has audited thousands of apps that had entry to data through the looser interval previous to 2015. The corporate has suspended 200 apps, and has further restricted access to data for all developers utilizing Facebook and its sister service, Instagram.
The tech trade is mobilizing towards a new California privateness law, possible the toughest within the country. He was beforehand a reporter at San Francisco Business Occasions, the place he won one award from the California News Publishers Affiliation and three from the National Association of Actual Property Editors. As fast-rising tech corporations strain housing, transportation and different civic resources, cities are pushing to extend their taxes. There’s one exception: San Francisco.
CAMBRIDGE, Mass. (Undertaking Syndicate) â€” Have the tech giants â€” Amazon AMZN, +0.82% , Apple AAPL, +1.12% , Fb FB, +1.fifty six% , Google GOOG, +1.06% , and Microsoft MSFT, +1.forty two% â€” grown too big, wealthy, and highly effective for regulators and politicians ever to take them on? The international funding group appears to suppose so, at least if sky-high tech valuations are any indication. But whereas that may be excellent news for the tech oligarchs, whether it’s good for the economic system is way from clear.
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