GOOG,YHOO: Tech giants call on government to limit spying campaign

Tech giants call on government to limit spying campaign • 4:56 AM

• Google (GOOG) and Microsoft (MSFT) are among eight technology giants that have started a campaign to limit government online surveillance. The other companies are Apple (AAPL), Yahoo (YHOO), Facebook (FB), Twitter (TWTR), AOL (AOL) and LinkedIn (LNKD).
• The move appears to represent an attempt by the companies to prevent a loss of business because of Edward Snowden's revelations about the scope of the National Security Agency's spying campaign. Forrester estimates that the disclosures could cost the U.S. cloud computing industry $180B by 2016.
• While the firms want limits on governmental authority to collect user information, as well as increased oversight, given the tech industry's own data practices, some might say that there's more than a whiff of the pots calling the kettles black.

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