Facebook CEO Mark Zuckerberg was just betrayed. High-ranking Democrats in Congress have made a surprising move and people are wondering what will happen next. This is stunning.
Taking aim at big tech firms, the approximately 400-page report — which was compiled by the House Judiciary Subcommittee on Antitrust — expressed concerned about anti-competitive behavior.
Staff members for the subcommittee’s Democratic majority wrote that “companies that once were scrappy, underdog startups that challenged the status quo have become the kinds of monopolies we last saw in the era of oil barons and railroad tycoons.”
Subsequently, suggestions were made to adopt legislation that could break up companies such as Facebook, Amazon, Apple, and Google to allegedly encourage less consolidation and more competition.
The devil is in the details, as the old saying goes, since there is no telling yet what Democrats may actually cook up, but one thing is sure: both major parties are concerned about big tech.
For their part, Republican lawmakers are particularly concerned about documented instances of rampant censorship and suppression of information by big tech — something Democrats won’t address because it helps them politically.
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