Microsoft co-founder and former CEO Bill Gates told CNBC on Wednesday morning he had been naive about the government scrutiny that comes with getting large when he was running Microsoft and said the chance of Big Tech antitrust regulation is “pretty high.” CNBC reports: “Whenever you get to be a super-valuable company, affecting the way people communicate and even political discourse…
Tag: monopoly power
House Democrats Tackle Big Tech ‘Monopolies’
The House Judiciary Committee says Amazon, Apple, Facebook and Google are monopolies — but its new plan to rein in their power won’t change anything overnight. Instead, Democratic lawmakers propose to rewrite American antitrust law in order to restructure the U.S.’s most successful and powerful industry over time. From a report: The report is a long pass down the field of…