Millions of people use the services Twitter, Google, Facebook, and other technology companies. The dominance of these companies has raised the ire of some politicians and regulators, however. Yesterday both the House of Representatives and the Department of Justice signaled they are looking at antitrust action against big technology firms.
The legislative front against these companies will be spearheaded by the House Judiciary Committee’s antitrust subcommittee. Chairman David Cicilline, a Democrat from Rhode Island, held hearings yesterday examining the impact of tech companies on the news media. He contends that these companies harm the news industry.
During the hearing, there was bipartisan support for some legislative changes aimed at helping the news industry compete in the changing technology landscape, but there were differences on how far Congress should go in pursuing antitrust action. Some Democrats have suggested breaking up companies like Google on antitrust grounds.
The antitrust path is something the Trump Administration is considering, as a speech by a top Justice Department official yesterday indicated. He laid out principles by which the department could pursue legal action against Facebook, Twitter, and others, saying that federal antitrust law could deal with the issues posed by these companies. He noted that antitrust law has many aspects, including consumer harm and harm to competition.
It is unclear if any legislation will emerge from Congress with a bipartisan consensus on this issue, just as it is unknown what the Trump Administration will do in the courts. However, there does appear to be growing desire to act in the executive and legislative branch.
Do you think that large technology companies like Facebook and Google should be broken up under antitrust law? Are consumers harmed by these companies? Does Big Tech stifle competition?