Trouble ahead for Silicon Valley as sweeping antitrust investigation kicks off [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
Trouble ahead for Silicon Valley as sweeping antitrust investigation kicks off A sweeping antitrust investigation of the world’s largest tech firms kicked off last week in U.S. Congress, starting with hearings on the threat that news publishers face from the growing power of online platforms. The first hearings on Tuesday by a bipartisan House of Representatives judiciary committee launched what lawmakers called a “top-to-bottom review of the market power held by giant tech platforms,” as the United States turns up the heat on a homegrown industry already under fire in several countries for enabling hate speech, election interference and privacy violations. The committee investigation, along with new scrutiny of tech giants by the federal government and antitrust regulators, could lead to the most significant update of U.S. competition rules in years and spell trouble for Silicon Valley – a sector that has seen tremendous growth in part thanks to largely hands-off regulations. Story c
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