Silicon Valley Campaign Cash Complicates Democrats’ Plan to Break Up Tech Giants | WHAT REALLY HAPPENED

Silicon Valley Campaign Cash Complicates Democrats’ Plan to Break Up Tech Giants

The stage is being set for Democrats to clash next year over a push to rein in Silicon Valley oligarchs. Earlier this month, House Democrats called for the break-up of major tech giants, but Democratic candidates in key Senate races are comfortably out-fundraising their Republican counterparts in campaign cash from the tech industry.

Earlier this month, after a lengthy investigation led by the House judiciary subcommittee on antitrust, Democratic lawmakers on the panel called for regulators to force significant divestment by U.S. tech giants.

“As they exist today, Apple, Amazon, Google, and Facebook each possess significant market power over large swaths of our economy. In recent years, each company has expanded and exploited their power of the marketplace in anticompetitive ways,” said Judiciary Committee Chair Jerrold Nadler of New York and Antitrust Subcommittee Chair David Cicilline of Rhode Island in a joint statement summarizing the results of their inquiry.

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