Tech: How Big Tech wriggled its way out of a jam – The Edge Markets MY
FOR two years now, the narrative around dominant Big Tech platforms — iPhone maker Apple Inc, search giant Google’s owner Alphabet Inc, e-commerce behemoth Amazon.com Inc, dominant social media player Facebook’s owner Meta Platforms Inc and software supremo Microsoft Inc — was that they faced increasing regulatory scrutiny. So any new mergers were out, previously approved tech mergers were being scrutinised and data privacy violation and business models remained under the microscope. US President Joe Biden installed prominent and outspoken Big Tech critics Lina Khan as the chair of the Federal Trade Commission (FTC) and Jonathan Kanter as the assistant attorney general of the Antitrust Division at the Department of Justice (DoJ). At the same time, the Senate and the House of Representatives saw members begin reaching across the aisle to draft new legislation to rein in Big Tech.
At the half-way point of President Biden’s four-year term, it looks like Big Tech might just be able to…
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source: https://news.oneseocompany.com/2022/12/22/tech-how-big-tech-wriggled-its-way-out-of-a-jam-the-edge-markets-my_2022122238014.html
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