WASHINGTON, D.C.: Pressure is rising on Big Tech firms, signaling tougher regulation in Washington and elsewhere that could lead to the breakup of the largest platforms. The Biden administration has given signs of more aggressive regulation with appointments of Big Tech critics at the Federal Trade Commission. "The China regulatory crackdown has been so massive in scale and scope, it has driven investors from Chinese tech to US tech," Ives said. Analysts say the big tech firms are also well-positioned to deal with tougher regulations. Newman said the large tech firms have expanded during the pandemic by delivering innovative services, extending a trend that has seen the strong get stronger.

Source: Manila Times August 15, 2021 01:52 UTC