Yes, the tech giants are big – in truth, probably too big to break up

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What’s the difference between Mark Zuckerberg and John D Rockefeller? Exchange the trainers for a pair of spats, and the T-shirt for a frock coat, and the answer is not all that much, according to lawmakers in Washington: a robber baron is a robber baron whether he wears a top hat or a baseball cap.

The US has a history of bringing antitrust cases against monopolies that stretches all the way back to the breakup of Rockefeller’s Standard Oil back in 1911.

Now it is the turn of the tech giants to be put under the spotlight, which is why Facebook’s Zuckerberg, Amazon’s Jeff Bezos, Apple’s Tim Cook and Google’s Sundar Pichai were summoned to Capitol Hill last week – appropriately, via video stream.

To continue reading this report in The Guardian, go to:
https://www.theguardian.com/business/2020/aug/02/tech-giants-too-big-break-up-panic-markets-facebook

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