Big Tech cozied up to Trump — it’s not getting much in return

2 weeks ago 6

For a while, it looked similar President Donald Trump was going to person Big Tech’s back.

Now, the tech manufacture is collateral harm successful his planetary commercialized war.

On Thursday, European Commission President Ursula von der Leyen floated the idea of placing “a levy connected the advertizing revenues of integer services” if tariff negotiations with the US spell south. This would beryllium the other result that tech CEOs similar Mark Zuckerberg were hoping for erstwhile they threw their enactment down the caller administration. 

To idiosyncratic similar Zuckerberg, Trump was expected to beryllium the strong-armed person to bring the overbearing EU to heel. Instead, the rhetoric betwixt the US and EU is ratcheting up conscionable weeks earlier the EU is already acceptable to fine Meta (and Apple) for violating its Digital Markets Act. 

While surely much of a self-inflicted wound, Elon Musk’s popularity successful the US has “inverted arsenic his enactment for President Trump has increased,” Nate Silver wrote this week. Tesla’s banal price, meanwhile. has mislaid implicit a 3rd of its worth this year, and, acknowledgment to tariffs, the institution has removed the enactment to bargain new, US-made vehicles successful China. 

As I predicted past week, TikTok is peculiarly s …

Read the afloat communicative astatine The Verge.

Read Entire Article