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House Committee Wants to Break Up Tech Giants

Oct.06 —  A House panel proposed a series of far-reaching antitrust reforms to curb the power of U.S. technology giants including Amazon.com Inc. and Alphabet Inc.’s Google. Bloomberg’s Brad Stone reports on “Bloomberg Technology.”

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Oct.06 —  A House panel proposed a series of far-reaching antitrust reforms to curb the power of U.S. technology giants including Amazon.com Inc. and Alphabet Inc.’s Google. Bloomberg’s Brad Stone reports on “Bloomberg Technology.”

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11 Comments

11 Comments

  1. The Resi Detective

    October 6, 2020 at 10:42 pm

    i think this house idea is a pretty stupid one. breaking up these giants will significantly weakens US competitive edge/dominance in technology around the world and technology edge is all US got. US got no manufacturing. you are basically hanging out your upper hand to other European countries for free. if you goals is to help americans then just force these companies to hire more americans and pay more taxes…

    • Josh Pitts

      October 6, 2020 at 10:50 pm

      I think they should pay us citizens a dividend for our data use.

    • FlamboyantChamp

      October 7, 2020 at 10:00 am

      @Josh Pitts exactly…

    • Ian X

      October 7, 2020 at 11:54 am

      You are completely right. The US is losing or has lost its edge in almost every sector of the economy aside from tech. If the house got its way, we’d fall behind in tech too. I’m not saying there is no room for lawmakers to address the situation, but the goal should be to set rules to keep the marketplace fair—not to capriciously target and weaken specific companies to gain political points.

  2. You Tube

    October 6, 2020 at 10:55 pm

    First. Facts

  3. Day that Fallows

    October 6, 2020 at 11:05 pm

    Trump just lost reelection with a really stupid Tweet…there will be no stimulus until he will be president again..
    He just lost me, I just lost money I invested into stock market, because of him!!!

  4. Bahle Chonco

    October 6, 2020 at 11:29 pm

    This is an opportunity for Chinese to take over ????

  5. Wyndu777

    October 7, 2020 at 5:16 am

    This could be the SINGLE most STUPIDEST idea by the government!

  6. Jay Lewis

    October 7, 2020 at 10:53 am

    Jesus Came to Save Sinners
    Christians should turn from evil & do good……But we can never be good enough on our own without Christ’s sacrifice on the cross

    I came not to call the righteous, but sinners to repentance. (Luke 5:32)

    For the Son of man is come to seek and to save that which was lost. (Luke 19:10)

    This is a faithful saying, and worthy of all acceptation, that Christ Jesus came into the
    world to save sinners; of whom I am chief. (1 Timothy 1:15)

    For when we were yet without strength, in due time Christ died for the ungodly. (Romans 5:6)

    When Jesus heard it, he saith unto them, They that are whole have no need of the physician, but they that are sick: I came not to call the righteous, but sinners to repentance. (Mark 2:17)

    Even as the Son of man came not to be ministered unto, but to minister, and to give his life a ransom for many. (Matthew 20:28)

    For he hath made him to be sin for us, who knew no sin; that we might be made the righteousness of God in him. (2 Corinthians 5:21)

    For he saith, I have heard thee in a time accepted, and in the day of salvation have I succoured thee: behold, now is the accepted time; behold, now is the day of salvation. (2 Corinthians 6:2)

    Seek ye the LORD while he may be found, call ye upon him while he is near: (Isaiah 55:6)

    …Today if ye will hear his voice, harden not your hearts. (Hebrews 4:7)

    PAUL’S GOSPEL SIMPLY REQUIRES
    YOU TO PLACE ALL OF YOUR FAITH IN
    THE DEATH, BURIAL & RESURRECTION OF JESUS CHRIST
    AND THE BLOOD HE SHED ON THE CROSS
    FOR YOUR SALVATION
    Moreover, brethren, I declare unto you the GOSPEL which I preached unto you,

    which also ye have received, and wherein ye stand; by which also ye are SAVED,

    if ye keep in memory what I preached unto you, unless ye have believed in vain.

    For I delivered unto you first of all that which I also received, how that…

    CHRIST DIED FOR OUR SINS

    according to the scriptures; and that he was

    BURIED, and that he ROSE AGAIN

    the third day according to the scriptures:

    (1 Corinthians 15:1-4)

  7. Patrick Cassady

    October 7, 2020 at 2:21 pm

    The irony is the tech giants supported the democrats. Does that make sense to support their own break up?

  8. A. Ali

    October 7, 2020 at 6:56 pm

    I am watching this on my iPad and YouTube …. Should i stop House Committee ? …… bunch of jokers I swear ::)))))

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President Trump Announces Apple and Intel Chip Collaboration | Bloomberg Tech 6/18/2026

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Bloomberg’s Ed Ludlow discusses the latest announcement made by President Donald Trump, which will see Apple and Intel joining forces to produce chips domestically, sending shares of the chipmaker higher. Plus, Anduril’s CEO discusses how the company won a contract with the US Air Force to produce autonomous fighters. And, SpaceX wraps up its first full week of trading, with shares falling for a second day straight.

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Video platform Rumble is jumping on the AI bandwagon with its newest AI platform. Launching as Quake AI, the new sector combines cloud, compute, and AI infrastructure, and is slated to dominate the company’s business segment. Rumble CEO Chris Pavlovski joins Ed Ludlow on “Bloomberg Tech” with more on the pivot.
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SpaceX’s historic public debut comes during a critical inflection point as a wave of multibillion-dollar AI companies prepare to go public. With the unprecedented IPO, investors are anticipating a wide-scale “distribution event” that will give private markets the fresh cash it desperately needs. Matt Witheiler, Head of Late-Stage Growth at Wellington Management, thinks the private tech ecosystem will see a cash return. He joins Ed Ludlow of “Bloomberg Tech”.
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