Yesterday, four big tech titans testified before the House Judiciary Subcommittee on Antitrust. I was impressed by the cohesive and cogent focus, evidence, and arguments by congress members. The Atlantic has a great summary article you should check out. Apparently, these big tech companies are new kinds of monopolies, unchecked in their global scale and great power. It’s likely that Amazon, Apple, Facebook, and Google will be heavily regulated, maybe even broken into smaller pieces. Such changes will be interesting to see. I hope and trust it’s for the better.
Regulated? Yes. Broken down? Nope.
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Yeah it seems unlikely, but I’m interested in what it would look like if Instagram was separated from Facebook. I think it would work.
Certainly, future mergers and acquisitions will be scrutinized and likely prohibited. Google is still trying to buy Fitbit, and I think that could fall through. I think it should.
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