Even though there is no mention of censorship, be assured, that will be the outcome, ending the lefts grip on social media.
SAN FRANCISCO—The federal government may be warming up its antitrust enforcement machine and pointing it at Big Tech.
On Monday, the House Judiciary Committee announced a sweeping antitrust probe of unspecified technology companies. In a statement, it promised "a top-to-bottom review of the market power held by giant tech platforms," which would be the first such Congress has ever undertaken.
Earlier in the day, shares of Facebook, Google, Amazon and Apple dropped significantly after published reports suggested that federal authorities are preparing for investigations into anticompetitive behavior by several of these technology giants.
Facebook's stock dropped 7.5 percent. Shares of Google parent Alphabet fell 6.1 percent. Amazon declined 4.6 percent. Apple, which has only been mentioned tangentially in these reports, fell 1 percent.
Some of the underlying developments appear to represent a divvying up of turf between the Department of Justice's antitrust cops and the Federal Trade Commission, which also holds antitrust authority. The Justice Department would reportedly hold authority over Google and Apple, which the FTC would take point on investigations of Facebook and Amazon.
https://www.theepochtimes.com/congress-launches-big-tech-antitrust-probe_2949655.html
Quote from: Solar on June 04, 2019, 05:45:58 AM
Even though there is no mention of censorship, be assured, that will be the outcome, ending the lefts grip on social media.
SAN FRANCISCO—The federal government may be warming up its antitrust enforcement machine and pointing it at Big Tech.
On Monday, the House Judiciary Committee announced a sweeping antitrust probe of unspecified technology companies. In a statement, it promised "a top-to-bottom review of the market power held by giant tech platforms," which would be the first such Congress has ever undertaken.
Earlier in the day, shares of Facebook, Google, Amazon and Apple dropped significantly after published reports suggested that federal authorities are preparing for investigations into anticompetitive behavior by several of these technology giants.
Facebook's stock dropped 7.5 percent. Shares of Google parent Alphabet fell 6.1 percent. Amazon declined 4.6 percent. Apple, which has only been mentioned tangentially in these reports, fell 1 percent.
Some of the underlying developments appear to represent a divvying up of turf between the Department of Justice's antitrust cops and the Federal Trade Commission, which also holds antitrust authority. The Justice Department would reportedly hold authority over Google and Apple, which the FTC would take point on investigations of Facebook and Amazon.
https://www.theepochtimes.com/congress-launches-big-tech-antitrust-probe_2949655.html
There is no question these large tech companies have taken advantage of their users and the marketplace. However, any government fix will only make this huge new market worse. I have enough confidence in capitalism and the common sense of many users of these companies to make adjustments that can solve any problems we have.
Quote from: supsalemgr on June 04, 2019, 07:39:31 AM
There is no question these large tech companies have taken advantage of their users and the marketplace. However, any government fix will only make this huge new market worse. I have enough confidence in capitalism and the common sense of many users of these companies to make adjustments that can solve any problems we have.
No doubt this is going to be interesting, which avenue they take, be it breaking them up, to super fines. Your guess is as good as mine, but Trump seems to have an idea of how they plan on changing all of this, they just aren't tipping their hand yet.
My best guess is they will force them into an agreement, where no one gets banned for anything, or face severe personal fines. Money, something libs understand
So we are really looking for something positive to come out of a committee chaired by Jerry Nadler?
Quote from: Sauce on June 04, 2019, 10:21:36 AM
So we are really looking for something positive to come out of a committee chaired by Jerry Nadler?
Ought to be interesting, considering there are two differing governmental entities doing the investigating.
"Department of Justice's antitrust cops and the Federal Trade Commission, which also holds antitrust authority."
QuoteCongress Takes a Backdoor Approach To Censorship
They're getting mayor Pete involved?
okay i'm going