The Digital Age is Changing The Rules of The Game

Another example of a quiet intensification in the lines drawn between the US & China on the tech sharing front. For now, this trend appears to be 1-way, the unintended consequence is that China accelerates its efforts to become a self-reliant "tech power"
https://buff.ly/3elYYe7

An excellent analysis by @TheEconomist regarding the growing shift of power between private enterprise & the gov in China. Of note are the cross-holdings that tech behemoths have in their peers & how that might concentrate regulatory risk for investors
https://buff.ly/2PXTIFj

News that Ant Group will be restructured, after receiving a record $2.8Bn fine underscores a growing disaffection of regulators with tech cos

We advocate self-governance that pre-empts such potentially draconian outcomes, with considerable impact on value
https://buff.ly/2Q84Mzt

We suspect this headline will cause parents serious concern
If parents are already having issues with Instagram’s influence on their teenagers’ mental health, how would they feel about providing access to their younger children?
Customer trust is essential
https://buff.ly/3cYgx4m

This is one of internet's largest breaches, yet what comes across from FB is a corporate shrug of the shoulder. Not much of an apology to 533m users who are now vulnerable to hackers, marketers & random bad actors
One wonders what is going on in FB's board
https://buff.ly/3rZPZnt

This case underscores our view that the legal system has to catch up with the Digital Age. Lawmakers want to pass ‘band-aid’ legislation “to prohibit Facebook's practice.” How many short-term fixes before the system becomes unwieldy & beset with loopholes?
https://buff.ly/3t63YcW

Gratifying to see @SecYellen echoing our views on global tax, with the economist zeroing in particularly on “the rise of intangible assets,” (something we wrote about in our Feb 2020 paper, Governance REbooted).

Read More: https://buff.ly/39VTVPT

#DigitalAgeESG

A survey of 31k people in 27 countries found views of the tech sector dropped six pts. This has massive implications for tech companies.

@EdelmanPR says "CEOs must lead on issues from responsible AI & automation to upskilling. Act first, talk after."

https://buff.ly/3fT31AJ

Tech cos are in the midst of yet another geopolitical tussle: this time among western countries, on the tax front. Last year, the UK introduced 2% tax on revenues of a host of tech cos which derive value from UK users, as did France. This is the beginning
https://buff.ly/39x5sFg

3 ubiquitous issues in tech space:
1. Business models that can be distinctly at odds with what’s best for customers
2. Lagging regulation
3. Behavioural profiling based on aggregate data, to prey on customer behavioural fallibilities (all humans have them)
https://buff.ly/2QWmndZ