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Big Tech's Privacy Blocking Crusade

Big Tech's Privacy Blocking Crusade
November 3, 2021

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There’s something very Galactic Empire about Big Tech’s combined efforts to fight privacy regulations and total control of the "galaxy" (aka, the Internet). Recent reporting points to secret meetings among Big Tech leaders to combat antitrust threats to their monopolies. Google, in particular, is eager to stall efforts to simplify and protect consumer privacy regulations that would impede on its ad tech revenue, the bread and butter of GOOG's business model, a metric that has been declining for years.



If the similarities between the Star Wars franchise and the secret dealings of our planet’s most influential companies feel like a stretch, consider the recently revealed “Jedi Blue” pact between Facebook and Google. Documents show the two companies gave each other preferential treatment in ad placements and technologies, shutting out competitors and co-ensuring their co-dominance. As the name implies, their inner dialogues sided themselves with guards and peace and justice in the Universe. Unfortunately, the Sherman Antitrust Act would characterize the action as a felony.


The lobbying power of these giant corporations cannot be underestimated. The EU is arguably the most engaged in consumer protection; yet even the EU shows signs of slowing down for lofty promises of big tech. Facebook’s rebranded “Meta” is now promising 10,000 high-skilled jobs in the EU. Meanwhile, the metaverse is being built. Will this new landscape be led by the same “Jedis” breaking laws?
Monopoly of Thought
Penguin Random House's possible acquisition could reduce variety in books.
[WSJ]
Size doesn't matter for funding
Wha countries are bringing in more funding per capita than the US?
[Crunchbase]
Since last week, PrivCo has added:

948 Companies | 84 Funding Activities | 51 M&A Deals

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Funding & Deal Highlights:

 

Apollo raises $32MM from Tribe Capital

Subscription Platform • Round B • San Francisco, CA
 

Lightforce Orthodontics raises $50MM from Kleiner Perkins

3D Orthodontics • Round C • Cambridge, MA
 

Infusion for Health raises $50MM from Oak HC/FT Partners

Health Care • Equity • Westlake Village, CA
 

Prepaid Technologies raises $96MM from Edison Partners

Fintech • Equity • Birmingham, AL
 

Everlaw raises $202MM from TPG Growth

Legaltech • Round D • Berkeley, CA
 

Nuro raises $600MM from Tiger Global Management 

Autonomous Vehicles • Round D • Mountain View, CA
 

DNA Script raises $165MM from Coatue Management

Biopharmaceuticals • Equity • Paris, France
 

OctoML raises $85MM from Tiger Global Management

Machine Learning • Round C • Seattle, WA
 

Axios raises at $430MM valuation from Cox Enterprises

Digital News • Round D • Arlington, VA
 

Chipper Cash raises $150MM from FTX

Payment Processing • Round C-1 • San Francisco, CA

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