White House & Congress Explore Breaking Up Big Tech Companies
Big Tech is facing increasing pressure from Congress and the White House.
President Biden appointed a critic of the tech industry to lead the Federal Trade Commission.
He also says that Congress should consider breaking up large tech companies.
The Democratic House has started drafting bipartisan antitrust legislation that could break up companies like Facebook, Google, Amazon and Apple.
Republicans have been critical of Big Tech’s power over the market, but remain hesitant to break up corporations.
Tech companies argue that they have not abused their power and say breaking them up could hurt consumers.