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...With a presence in 11 countries, Wellhub is a rare instance of a Latin American technology business accomplishing success outside of the region....
...The $16bn they identified highlights the scale of the group’s operations in the country as Congress seeks to force a sale of the platform to an American buyer....
...The US Senate is weighing a bill that would force the sale of the app over national security concerns, or have it banned....
...The act requires these tech giants to comply with more stringent rules and will force them to allow rivals to share information about their services....
...However, it could also force investors and corporate leaders to rethink their relationship with the government on cyber issues — and their concept of fiduciary duty in a free-market system....
...Before leaving office in 2020, President Donald Trump tried to ban the app in an executive order that also sought to force the sale of TikTok....
...TikTok on Wednesday said it would take legal action to block the measure from coming into force. It said the law was an “unconstitutional” attempt to in effect ban it....
...The bill rapidly gained traction after briefings from security officials who warned that Beijing could force ByteDance to hand over the personal data of the 170mn Americans who use the app....
...In 2020, China updated its export control rules that in effect give Beijing a say in any deal that would sell Chinese technology to an American buyer....
...A US congressional effort to force TikTok’s Chinese owner to divest the app has gained steam after House Speaker Mike Johnson unveiled a new package of legislation that could compel the Senate to support...
...By contrast, in the UK gig workers account for 1.4 per cent of a labour force of 32.5mn, according to the Chartered Institute of Personnel and Development....
...It has also prompted lawmakers in both red and blue states to introduce so-called “Taylor Swift” bills aimed at reining in the ticketing giant....
...The writer is the founder of Khosla Ventures The US House of Representatives in March overwhelmingly passed a bill to force divestiture of TikTok from its Chinese parent....
...Beneficiaries will include “intelligent” blue-collar workers, such as gardeners, plumbers, carpenters and others who can use AI to manage projects....
...Competition between the tech giants is ruthless, and new technologies — especially AI — are likely to reshape the industry in ways we can’t even imagine....
...The DMA has created a framework of rules designed to force big tech companies to make changes to their operations in ways that allow for greater competition in digital markets....
...Apple will be able to point to aspects of its technology that outweigh any anti-competitive effects....
...It is now up to European regulators to comb through these and — where necessary — force further changes. The magnitude of this undertaking is hard to overstate....
...A loss would set a “dangerous precedent” by allowing the government to influence how technology markets developed, it added....
...Redditors can be an impressive market force, raising prices for so called meme stocks like GameStop. But the size of this deal — equal to about 8 per cent of shares on offer — curbs that possibility....
...On Wednesday, US lawmakers voted in favour of a bill that would force TikTok’s Chinese owner ByteDance to either sell the app or face an app store ban....
...It is unclear if the executive order, which is still in the consultation stage, would force SIG to divest its Chinese holdings in these sectors....
...“I hope it forces companies’ hands a little bit and moves the needle on the practices and the benefits they give people.”...
...It would also set a dangerous precedent, empowering government to take a heavy hand in designing people’s technology.”...
...Under such an arrangement, the investors could also add a US technology partner to secure the data of US citizens and guarantee that no information is handled or monitored by Chinese-related entities....
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