Federal Government Takes Action Against Big Tech Monopolies

In a long-overdue move, Big Tech companies such as Google, Facebook, and Amazon are finally being held accountable for their anti-competitive practices…

The House Judiciary Committee has issued subpoenas for documents related to these companies’ business practices… marking the beginning of a long-overdue investigation into their monopolistic behavior.

Big Tech Being Held Accountable With Subpoenas

The subpoenas request documents related to a range of practices, including the: 

• Acquisition of smaller companies
• Data collection
• Use of algorithms to manipulate search results and advertising

These practices have allowed big tech companies to dominate their respective markets. Moreover, it stifled competition and innovation in the process.

The investigation is long overdue. It comes after years of calls from both sides of the political aisle for action to be taken against Big Tech. 

The companies have become so large and influential that they have been able to ignore traditional antitrust laws and regulations with impunity… often to the detriment of consumers and smaller businesses.

While the investigation is a step in the right direction, it remains to be seen whether it will result in any real consequences for the companies involved… 

Big Tech has long had a cozy relationship with lawmakers and regulators. It would take sustained effort and pressure to truly hold them accountable. 

However, the fact that the investigation is taking place at all is a positive sign that lawmakers are beginning to take the issue seriously and are willing to hold these companies to account…

How Big Tech Failed at Silicon Valley Bank

Silicon Valley’s Big Tech companies have long been the darlings of the media… with fawning coverage that has often ignored or downplayed their anti-competitive practices. 

But now, the federal government and some media outlets begin to take a closer look at these companies. It is becoming increasingly clear that the media has failed in its duty to hold them accountable.

The media’s cozy relationship with Big Tech has been apparent for years, with many outlets taking money from companies like Google and Facebook in exchange for favorable coverage… 

This has allowed these companies to shape the narrative around their business practices. This is often painting itself as innovative disruptors rather than monopolistic behemoths.

But as calls for action against Big Tech have grown louder… some media outlets are starting to push back against this narrative. 

The New York Times, for instance, has published a series of hard-hitting articles exposing the companies’ anti-competitive practices and their harmful effects on consumers and small businesses…

As mentioned earlier, the House Judiciary Committee has issued subpoenas for documents related to the company’s business practices… marking the beginning of an investigation into its anti-competitive behavior. 

For now, this is good progress, but it remains to be seen whether it will result in any real consequences for the companies involved…

In the end, the media’s failure to hold Big Tech accountable has been a disservice to the public… allowing these companies to amass enormous power and influence with little regulation. 

But as the federal government and some media outlets begin to take a closer look at these companies, there is hope that this will change…