A key question: whether existing competition policies and century-old antitrust laws are adequate for overseeing the tech giants, or if new legislation and enforcement funding is needed. In its bipartisan investigation, the Judiciary subcommittee collected testimony from mid-level executives of the four firms, competitors and legal experts, and pored over more than a million internal documents from the companies. One of them, Bezos, is the world’s richest individual Zuckerberg is the fourth-ranked billionaire.Ĭritics question whether the companies stifle competition and innovation, raise prices for consumers and pose a danger to society. The four tech CEOs command corporations with gold-plated brands, millions or even billions of customers, and a combined value greater than the entire German economy. The White House cited an earlier Trump executive order in that direction and his request to federal regulators to issue guidelines.“President Trump will continue to fight back against unfair, un-American, and politically biased censorship of Americans online," the White House said in a statement Wednesday. The proposed changes would strip some of the bedrock protections that have generally shielded the companies from legal responsibility for what people post on their platforms. The Justice Department has urged Congress to roll back long-held legal protections for online platforms such as Facebook, Google and Twitter.
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