Why Did Congress Just Vote to Break Up Big Tech?

Re:Why Did Congress Just Vote to Break Up Big Tech? by SkyMarshal on Friday June 25, 2021 @06:06PM (#27636841)

Targeting the FANGs and not the banking system and telecoms is super annoying.

The amount of damage the banking system can do to the economy is orders of magnitude greater than FANGs can, as we recently witnessed.

And the telecom regional monopolies that suppress competition and block municipal broadband have much stronger competitive moats than the FANGs do.

The government needs to address those first, but they seem better at lobbying than the FANGs are.

[ Parent | on HN ]

Re:Why Did Congress Just Vote to Break Up Big Tech? by LatteLazy on Friday June 25, 2021 @06:11PM (#27636887)

Banking and Telecoms pay their lobbying tax and their old-media advertising tax. Its a pretty simple protection racket they grew up with. FAANG thought they'd be allowed to operate without it. They're not. As soon as they pump some money into both parties and buy some ads they'll be fine.

[ Parent | on HN ]

Re:Why Did Congress Just Vote to Break Up Big Tech? by jvanderbot on Friday June 25, 2021 @06:07PM (#27636853)

This is a distraction / what-about.

The focus is not on damage to economy from FAANGs.

[ Parent | on HN ]