On the same days as Amazon’s Jeff Bezos announced that he will be stepping down from that firm’s leadership, Florida Governor Ron DeSantis (R) in a 45 minute speech explained why he will be launching what is being reported as the most sweeping efforts yet to curb the growing clout of Big Tech in America.
According to right-of-center Breitbart News, the “new regulations announced by DeSantis include:
- Mandatory opt-outs from big tech’s content filters, a solution to tech censorship first proposed by Breitbart News in 2018.
- A private right of action for Floridian citizens against tech companies that violate this condition.
- Fines of $100,000 per day levied on tech companies that suspend candidates for elected office in Florida from their platforms.
- Daily fines for any tech company “that uses their content and user-related algorithms to suppress or prioritize the access of any content related to a political candidate or cause on the ballot.”
- Greater transparency requirements.
- Disclosure requirements enforced by Florida’s election authorities for tech companies that favor one candidate over another.
- Power for the Florida attorney general to bring cases against tech companies that violate these conditions under the state’s Unfair and Deceptive Practices Act.”
“What began as a group of upstart companies from the west coast has since transformed into an industry of monopoly communications platforms that monitor, influence, and control the flow of information in our country and among our citizens, and they do this to an extent hitherto unimaginable,” said DeSantis.
“These platforms have changed from neutral platforms that provided Americans with the freedom to speak to enforcers of preferred narratives. Consequently, these platforms have played an increasingly decisive role in elections, and have negatively impacted Americans who dissent from orthodoxies favored by the Big Tech cartel.”
Gov. DeSantis, who was backed by President Donald J. Trump in his run for governor, accused the Silicon Valley tech giants of “clear viewpoint discrimination.” He pointed to the censorship of President Trump and the removal of Parler from the internet by Amazon’s web services and Apple and Google-controlled app stores.
“The core issue here is this: are consumers going to have the choice to consume the information they choose, or are oligarchs in Silicon Valley going to make those choices for us? No group of people should exercise such power, especially not tech billionaires in Northern California.”
Newsmax noted, “These platforms have played an increasingly decisive role in elections and have negatively impacted Americans who descend from orthodoxies favored by the big tech cartel.”
The balanced of the report, and what it might means for professionals in our industry will be our featured focus, further below.
For the growing numbers of new readers, a few quick evening/nightly market report insights.
- Every business evening, MHProNews provides a bullet list of left-right news headlines from CNN and in a matter of moments, savvy professionals can see at a glance news headlines and views across the political spectrum.
- This is a time saving and insightful way to quickly grab insights from across the left-right divide for those who are hooked on this market-nightly feature.
- Our featured focus follows the quotable quotes, periodic political cartoons, those left-right headlines, and two of our three market summary graphics as reported at the closing bell.
- After the featured focus, are some recent/related report links and the third manufactured housing focused stock equities graphic. There are some additional items that include the free signup for the manufactured housing industry’s x2 weekly emailed news to the most-read trade publication in our profession:
On a night that most manufactured home connected equities rose along with the markets in general, let’s press ahead to those business-nightly features.
Quotes That Shed Light – Industry, American, Social, National Issues…
Headlines from left-of-center CNN Business
- BEZOS STEPS DOWN AS CEO
- FILE: Jeff Bezos, founder and chief executive officer of Amazon.com Inc., listens during an Economic Club of Washington discussion in Washington, D.C., U.S., on Thursday, Sept. 13, 2018. Amazon.com Inc. founder Jeff Bezos, the worlds richest person, and his wife MacKenzie are divorcing after 25 years. Bezos, 54, is worth $137 billion, according to the Bloomberg Billionaires Index, a ranking of the worlds 500 wealthiest people. The couple met when they both worked at hedge fund D.E. Shaw, and they married in 1993. He founded Amazon a year later.
- Jeff Bezos will shift from Amazon chief executive to the role of executive chair
- GameStop stock is plummeting but the Reddit rebellion is just beginning
- Dow surges as stocks recover from GameStop mania
- Hedge funds are crushed by the worst short squeeze in 25 years
- Exclusive: Elizabeth Warren wants answers on Robinhood’s ties to large hedge funds
- Spot the robot’s new arm lets it jump rope (and do serious stuff)
- Uber acquires alcohol delivery startup for $1.1 billion
- Tesla’s superfans have made it a social media star. There’s a catch.
- Astra, rocket startup that has yet to conduct a successful launch, is going public
- ‘Everybody is scared of 2021.’ Europeans are losing jobs, businesses and hope
- Asian-Americans’ disposable income was up 314% before Covid-19
- Some Airstream trailers now come with built-in office space
- SpaceX Mars rocket prototype explodes on landing, again
- A Tesla Motors Inc. Model S vehicle is charged at company's design studio in Hawthorne, California, U.S., on Wednesday, July 31, 2013. The Tesla Model S led sales in the plug-in hybrid electric and electric vehicle market segments with an estimated 23.7% of the segments and 3.6% of the entire hybrid market. Photographer: Patrick T. Fallon/Bloomberg via Getty Images
- Tesla recalls 135,000 cars after pushing back against regulators
- Boston Dynamics is teaching its robot dog new tricks
- THE GAMESTOP SAGA
- Inside the Reddit army that’s crushing Wall Street
- His risky bet made him a millionaire on paper
- The GameStop frenzy is moving fast. Catch up here
- Robinhood CEO on 3:30 am call to put up $3 billion
- 1 big thing we still don’t know about the rally
- SPACE, INC.
- SpaceX announces first-ever all-civilian space flight crew
- World’s richest men spar over space real estate
- Jeff Bezos names rocket recovery ship for his mom
- SpaceX launches 143 satellites on one rocket
- Space is too crowded, Rocket Lab CEO warns
Headlines from right-of-center Newsmax
- Florida Gov. DeSantis Declares War on ‘Big Tech Cartel’
- The Biden Presidency
- Pentagon Purges Advisory Boards of Trump End-of-Term Appointees
- Biden Boosting Vaccine Allotments, Financing for Virus Costs
- Senate Confirms Mayorkas as 1st Latino and Immigrant to Head Homeland Security
- WH Slammed For Seeking Briefing Questions in Advance
- Senate Confirms Pete Buttigieg as Transportation Secretary
- Scalise: Biden’s Drilling Lease Pause ‘Devastating’ to Louisiana
- Democrats Push ‘Baby Bonds’: Every Child Gets $46,000
- Hundreds of Doctors Fired By VA May Still Be Treating Vets
- More than 200 doctors booted from the Department of Veterans Affairs over poor-quality care may be treating veterans through the VA’s networks of private MDs, Military.com reported. The watchdog Government Accountability Office…
- ‘s DeSantis Moves to Limit Big Tech in Censorship, ‘Political Manipulation’
- Florida Gov. Ron DeSantis on Tuesday proposed a law that would
- Fauci: CDC May Recommend Wearing 2 Masks to Fight Virus
- The Centers for Disease Control may recommend wearing two masks – one
- China Arrests Suspects in Fake COVID-19 Vaccine Ring
- COVID-19 Variant Accounts for Up to 20% of Cases in Paris
- WHO Expert Says China Mission Going ‘Very Well’
- US to Provide COVID-19 Vaccine to Pharmacies
- Lancet Study: Russia’s Sputnik V Vaccine 91.6 Percent Effective
- Russia Poses a Serious EMP Threat
- The country’s entire electrical grid is at risk of a total blackout
- Trump’s Attorneys: He Was Exercising 1st Amendment Rights
- Former President Donald Trump’s attorneys are denying he incited
- France Advises AstraZeneca Vaccine Only for Those Under 65
- France’s top health advisory body is recommending that the
- GameStop Rout Erases $27 Billion as Reddit Favorites Lose Steam
- GameStop Corp.’s rally came to a screeching halt this week as
- Hawley Hit Fundraising High in Weeks Following Capitol Riot
- Josh Hawley, R-Mo., raised the most money since his 2018
- State Republicans Pushing to Curb Mail-In Voting
- State Republicans are continuing their efforts to curb mail-in
- McConnell Steps Into House GOP Conflict by Backing Liz Cheney
- Senate GOP leader Mitch McConnell took the rare step of weighing in
- US May Delay Afghanistan Withdrawal Amid Violence
- The Biden administration will likely keep U.S. troops in Afghanistan
- Exxon Mobil Reports Big 2020 Loss, Unveils Low Carbon Business
- Exxon Mobil closed the books on a terrible 2020 on Tuesday, reporting losses in the fourth-quarter and for the full year in the wake of lower oil prices amid the COVID-19 crisis. The big US oil company, which has been criticized over the last year for both its financial… [Full Story]
- Fed Finds Race, Gender Disparities Cut US GDP by $2.6T
- FAA: SpaceX Lacked Safety Waiver for Test Ended in Fireball
- Boeing Giving Employee Bonuses Despite Losing $12B Last Year
- Uber to Buy Alcohol Delivery Startup Drizly
- Study: People Who Have Had COVID-19 May Need Only One Dose of the Vaccine
- People who already have contracted COVID-19 may not require the recommended two doses of the vaccine according to a new study. Researchers found that one dose boosts immunity for those who have had the disease…
- Race Affects Outcome for Heart Transplant Patients
- Study Reveals Most Nutritious Way to Juice Vegetables
- Study: CBD Won’t Help Addicts Beat Cocaine Problem
- Hormones Key Difference Between Men and Women for Brain Health
Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…
Featured Focus –
Where Business, Politics and Investing Can Meet
As was noted above, Florida Gov. Ron DeSantis on Tuesday 2.2.2021 proposed a law that would combat big tech’s “censorship” of right-wing political candidates and blasted the “monopoly of communications platforms” that “monitor and control” Floridians.
The legislation will target Facebook, Twitter, Google, Amazon, and Apple, according to Florida House Speaker Chris Sprowls, said Newsmax.
“These platforms have played an increasingly decisive role in elections and have negatively impacted Americans who descend from orthodoxies favored by the big tech cartel,” he added.
“That’s why in Florida we’re gonna take aim at those companies and pull back the veil and make sure those guys don’t continue to find loopholes and grey areas to live above the law,” DeSantis said. Once passed, “Under our proposal, if a technology company de-platforms a candidate for elected office in Florida during an election, that company will face a daily fine of $100,000 until the candidate’s access to the platform is restored.”
“Used to be that consumers were trusted to make their own decisions about what information to consume, about which leaders to ‘follow,’ about what news to watch,” said DeSantis. “Now those decisions are increasingly made by nameless, faceless boards of sensors.”
DeSantis’ press conference is a week after two Florida GOP lawmakers filed bills that would prohibit state and local governments from doing business with Twitter, Facebook, Amazon, Apple, Google and its parent company, Alphabet, starting July 1.
“What prompted me to draft this legislation was the lifetime ban of the president of the United States — the duly elected and non-removed president of the United States — forever, including after he was a private citizen, coupled with the sudden shutdown of competitors of companies by their fellow Big Tech companies,” state Rep. Randy Fine, R-Brevard County, told the Orlando Sentinel.
It should be noted that several foreign governments are weighing similar steps to reign in the power of big tech.
What This Might Mean for Manufactured Housing?
Presuming this legislation passes, and given that Florida is already one of the states that is pressing antitrust action against tech giants, this may foreshadow similar moves in other ‘red’ states. Blue states are also among those that “Facebook was sued by a coalition of 46 states, along with the District of Columbia and Guam, over antitrust concerns similar to those raised by the FTC,” per the Wall Street Journal.
The Washington Post pegged the number of states involved in suing Google at nearly forty on December 17, 2020 – “Nearly 40 states filed a wide-ranging antitrust lawsuit against Google.”
MHProNews has presented an exclusive copy of the report by Sam Strommen at Knudson Law that specifies specific antitrust, possible RICO and other concerns in his legal research. That research was sent to two blue state AGs and two red state AGs. See that linked below. Strommen named the Manufactured Housing Institute in those allegations.
More on that research is planned for a report in the near term. ICYMI that “Bombshell” report, which is the runaway most read on MHProNews is linked below. Stay tuned for more…
Related, Recent, and Read Hot Reports
Manufactured Housing Industry Investments Connected Closing Equities Tickers
Some of these firms invest in manufactured housing, or are otherwise connected, but may do other forms of investing or business activities too.
- NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services, a manufactured home industry lender
- NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
- NOTE: Deer Valley was largely taken private, say company insiders in a message to MHProNews on 12.15.2020, but there are still some outstanding shares of the stock from the days when it was a publicly traded firm. Thus, there is still periodic activity on DVLY.
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Sample Kudos over the years…
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That’s a wrap on this installment of “News Through the Lens of Manufactured Homes and Factory-Built Housing” © where “We Provide, You Decide.” © (Affordable housing, manufactured homes, stock, investing, data, metrics, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) (See Related Reports, further below. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)
By L.A. “Tony” Kovach – for MHLivingNews.com.
Tony earned a journalism scholarship and earned numerous awards in history and in manufactured housing. For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. He’s a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com. This article reflects the LLC’s and/or the writer’s position, and may or may not reflect the views of sponsors or supporters.