The End of Big Tech? Calls Grow to Break Up Facebook, Amazon for “Mob-Like” Behavior, Monopoly Power
Calls are growing to break up the Big Tech giants, with a handful of companies controlling more and more of the technology industry, crowding out or acquiring would-be competitors and exercising vast power over the U.S. economy. Lawmakers grilled the CEOs of Amazon, Apple, Google and Facebook during a hearing last week on whether their companies are guilty of stifling competition, in a scene reminiscent of the 1994 hearing of tobacco executives who claimed cigarettes were not addictive.