In a stunning admission, FTC Chairman Joe Simons admitted that he is prepared to break up tech giants such as Google and Facebook if an investigation reveals they have broken federal laws.
Big Tech and Silicon Valley is now on notice that neither the Department of Justice nor the Federal Trade Commission will be pushovers for their lie that the tech giants do not interfere in elections nor use their positions of power to censor conservatives.
Chairman Simons told Bloomberg he would consider reversing past acquisitions made by several big tech companies as a means of restoring competition and curtailing Big Tech’s power, according to the Washington Examiner.
“If you have to, you do it,” Simons insisted. “It’s not ideal because it’s very messy. But if you have to, you have to.”
Big tech companies have found themselves in the crosshairs of the FTC and Justice Department as they have grown in power and size, making it tougher for smaller, newer competitors to get into the marketplace.
In February, the commission launched a technology task force designed to monitor competition in the sector and investigate any anticompetitive conduct, and Facebook acknowledged in financial filings last month that it had been targeted by the agency.
Simmons added that it was a mistake for the FTC to have OKayed so many deals for the various tech companies to buy up so many of their competitors.
The Examiner added:
As Silicon Valley’s giants expand, political leaders on both sides of the aisle have called for the companies to be broken up. 2020 Democratic presidential candidate Elizabeth Warren urged the government in March to take apart Amazon, Google, and Facebook and argued doing so would allow the next generation of tech companies to thrive. Sen. Ted Cruz, R-Texas, has also proposed antitrust action against tech firms.
Zuckerberg, meanwhile, has embraced the prospect of more government regulation of his company and other platforms, but has spurned calls for Facebook to be broken up. Such a move against the company, which has 2.4 billion monthly users, would only make it more challenging to address issues like user privacy and the proliferation of harmful content on the platform, he said.
But Facebook co-founder Chris Hughes disagrees, calling Zuckerberg’s power “unprecedented and un-American.”
Big Tech has spent years using its tremendous power to push extreme left-wing policies and ideas on America using its control of the Internet and computer systems to exclude any but the most extreme left-wing information.
Big Tech is now on notice.
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