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Search resuls for: "Brian Schwartz Lauren Feiner"


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☆ Facebook was the main donor to a group that fought antitrust reforms in 2020 and 2021
  + stars: | 2023-05-01 | by ( Brian Schwartz Lauren Feiner | Brian Schwartz | Lauren Feiner | ) www.cnbc.com   time to read: +7 min
A person who works with the group, American Edge Project, told CNBC that the $34 million was from Facebook. A Meta spokesman declined to comment and referred CNBC to American Edge instead. The person who works with American Edge told CNBC that the $4 million was also entirely from Facebook. American Edge launched a wave of TV and digital ads from late 2020 through 2021, taking on antitrust proposals. American Edge spent over $5 million between TV and digital ads in 2021, according to data from AdImpact.
☆ How TikTok and its parent company spent over $13 million on struggling lobbying campaign
  + stars: | 2023-03-31 | by ( Brian Schwartz Lauren Feiner | Brian Schwartz | Lauren Feiner | ) www.cnbc.com   time to read: +10 min
The lobbying comes amid a sustained effort by TikTok to play down fears raised by lawmakers who want to ban the app, which has 150 million monthly active users in the U.S. She defended the work of TikTok's team in Washington and said the company is trying to address lawmakers' privacy and safety concerns. At the furthest end of the extreme is the legislation from Hawley and Buck that simply seeks to ban TikTok outright by directing the president to block transactions with ByteDance. Hawley has not eased his campaign to ban TikTok. But after, "our phones were ringing off the hook," with the majority of callers voicing opposition to a TikTok ban.
☆ Apple, Amazon, Google will likely get a reprieve from GOP-controlled House on antitrust legislation
  + stars: | 2023-03-15 | by ( Brian Schwartz Lauren Feiner | Brian Schwartz | Lauren Feiner | ) www.cnbc.com   time to read: +5 min
Reps. Jim Jordan, R-Ohio, and Ken Buck, R-Colo., are seen during a House Judiciary Committee markup in Rayburn Building on Wednesday, May 8, 2019. The GOP also doesn't want to give the Biden administration more power and resources, House Judiciary Chairman Rep. Jim Jordan, R-Ohio, told CNBC in a separate interview. "We just felt that Thomas Massie was a good fit with how we were structuring the Judiciary committee. While the tech companies may be spared costly new regulations that threatened to break them apart — for now — the industry may not be totally safe from scrutiny on Capitol Hill. Though it passed through the Senate Judiciary Committee and similar legislation advanced out of the House Judiciary Committee, it didn't get to the floor of either chamber for a vote.
☆ Twitter owner Elon Musk met with civil rights leaders Tuesday — here's what happened
  + stars: | 2022-11-02 | by ( Brian Schwartz Lauren Feiner | Brian Schwartz | Lauren Feiner | ) www.cnbc.com   time to read: +2 min
Elon Musk arrives on the red carpet for the automobile awards "Das Goldene Lenkrad" (The golden steering wheel) given by a German newspaper in Berlin, Germany, November 12, 2019. Days after closing his $44 billion purchase of Twitter, Elon Musk faced pressure from heads of civil rights groups to disallow many users who had been banned from the platform from returning, and to give company staffers access to the tools necessary to combat election-related misinformation. Jonathan Greenblatt, CEO of the Anti-Defamation League, helped organize the call after speaking with Musk previously, and took part in the meeting, according to three of the attendees. After the call with civil rights groups, Musk tweeted that users who've been banned from Twitter for violating its rules — a group that includes former President Donald Trump — will not have the chance to return to the platform for at least another few weeks. Prior reports suggested Musk was planning to allow people who'd been kicked off Twitter for disciplinary reasons to come back.
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