Social media leaders and tech giant CEOs are facing congressional testimony this week over talk of anti-trust accusations. And Leo says that while some accusations may be politically motivated, there may be a legitimate point to all the hullabaloo. Google has a controlling interest in search, and both Facebook and Twitter wield tremendous power as well. But what could the remedy be? Can Google be broken up? You have to be careful now that the economy relies more on activity online.
Politics and Technology
TikTok will be banned on September 20th in the United States, according to the White House. Leo says that technically, the ban is only on money that is transferred out of the US to China, including ad revenue. The President has also given Microsoft the OK to buy TikTok and they have until Sept 20 to get a deal done. Not only that, but Trump wants the US to receive a cut of the deal if it happens.