⚖️ The Weak Argument Jeopardizing Tech Antitrust Legislation
Plus: SpaceX fires employees who wrote open letter complaining about Elon Musk, Latin America's vicious circle is a warning to the West, and more…
The Weak Argument Jeopardizing Tech Antitrust Legislation. Opponents of the antitrust push targeting Big Tech have lobbed all kinds of arguments to try to weaken support for new legislation. They may finally have found one that sticks. This week, a group of four Democratic senators led by Brian Schatz, of… (Gilad Edelman / WIRED)
SpaceX fires employees who wrote open letter complaining about Elon Musk: report. SpaceX has fired a number of employees who wrote and shared a letter criticizing the behavior of CEO Elon Musk, reports The New York Times. The open letter, first reported by The Verge, described Musk's behavior as “a frequent source of… (James Vincent and Loren Grush / The Verge)
Latin America's vicious circle is a warning to the West. When they vote in a presidential run-off election this weekend Colombians face a grim choice between two ill-qualified populists. On the left, Gustavo Petro has still not wholly shaken off his long-standing sympathy for Hugo Chávez, the… (The Economist)
Fintech Giant Klarna Slashes Fundraising Ambition. Klarna Bank AB is considering raising fresh funds at a significantly lower valuation than it achieved a year ago, according to people familiar with the situation, a sign of the punishing environment for tech companies. The Swedish payments firm is… (Julie Steinberg / Wall Street Journal)
TikTok exec: We're not a social network like Facebook, we're an entertainment platform. Facebook is openly copying TikTok, and calling it out as a significant competitor. But Blake Chandlee, TikTok's head of global business solutions, says his company specializes is entertainment, not social media. TikTok hasn't seen an advertising… (Alex Sherman / CNBC)
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