Silicon Valley has long been in the camp of the Democrats — a place where candidates could reliably?raise lots of money, deliver keynotes at technology conferences and pick the brains of the tech elite over dinner. This year, however, the most powerful of those executives should probably be rooting for Donald Trump’s reelection. If Joe Biden wins the presidency — and the Democrats take the Senate — it’s going to be lights out for Big Tech.
Not literally of course. But the antitrust sword that has been hanging over the four tech monopolies — Apple Inc., Facebook Inc., Amazon.com Inc. and Alphabet Inc.’s Google — is far more likely to drop if the Democrats are in charge than if the Republicans retain power. This was made abundantly clear on Tuesday, when the antitrust subcommittee of the House Judiciary Committee released a 449-page report excoriating the four companies for what it described as continuing and systematic abuses of their monopoly power. And it laid out recommendations that would limit their power, force them out of certain lines of business and possibly even break up several of them.
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