Big Tech’s day of reckoning has finally arrived.
Both of the major antitrust enforcement agencies of the executive branch of the federal government are stepping into the fray, with the Department of Justice reportedly preparing for an investigation of Google parent Alphabet, Inc. and the Federal Trade Commission (FTC) doing the same for social media giant Facebook.
The article goes on to state the following:
The decision by President Trump and Attorney General William Barr to clear their regulators for action is a watershed moment, both in the history of antitrust law and in the evolution of Silicon Valley’s relationship with American society. After years in which the Obama administration delayed and thwarted any major action against the Big Tech companies, the decision has apparently even shamed some House Democrats into playing along.
This change of tack is long overdue; Google and Facebook are undoubtedly massive, manipulative monopolies.
President Obama’s political appointees at the FTC, however, nixed any meaningful sanctions, and Google had backchannel discussions with the White House, where dozens of former Google employees and associates worked.
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— Reuters Top News (@Reuters) June 6, 2019
The U.S. is getting ready to launch big investigations into Google, Amazon, Facebook and Apple. But Big Tech is prepared pic.twitter.com/pTCsL92Hda
— TicToc by Bloomberg (@tictoc) June 6, 2019
The tech giants Amazon, Apple, Facebook and Google are amassing an army of lobbyists as they prepare for a battle with Washington https://t.co/ke8ThOYPEq
— The New York Times (@nytimes) June 6, 2019
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