Silicon Valley is king online and really hard to keep in line

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Silicon Valley is king online and really hard to keep in line

Government regulators are scrambling to rein in the online giants

AFP

Internet giants like Facebook, Google and Amazon have disrupted markets and culture in a lucrative rise to power that has regulators launching probes, imposing fines and even threatening to break the companies up.

Government regulators are scrambling to collar the online giants, often having to update rules designed for an analogue world as the digital behemoths grow in size and influence.

The European Union kicked off the regulatory assault, with the US following with the launch a sweeping probe into the practices of leading online platforms, social networks, search engines and e-commerce services...

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