The biggest names in Silicon Valley, once hailed by some as emblematic of the best of American innovation, now must contend with mounting antitrust scrutiny from state officials, federal regulators and the European Union
New York On Tuesday morning, the Senate Judiciary Committee gathered for a hearing with a dry, forgettable title:"Understanding the Digital Advertising Ecosystem and the Impact of Data Privacy and Competition Policy." It would have been clearer to say it was a meeting about power, and whether some Silicon Valley giants have amassed too much of it.
Over the course of two hours, senators on both sides of the political aisle raised concerns about certain tech companies becoming too dominant in their markets by buying or killing any smaller rival that might pose a threat. Sen. Marsha Blackburn, a Republican from Tennessee, said there is potential for tech companies to use the vast power of their platforms to"drive out competition." Sen. Richard Blumenthal, a Democrat from Connecticut, went a step further.
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