Breaking Big Tech Bad – WSJ

When lawmakers and regulators act too quickly, they break things. But then the breach appears to be the main focus of a bipartisan group of senators pushing legislation that would penalize big tech companies. The bill has received little debate, but Majority Leader Chuck Schumer wants to hold an immediate vote.

Huge companies have always emerged in times of technological upheaval. But their dominance waned over time due to competitive or business failures — think General Motors, Sears, Xerox, or IBM. Note that big tech stocks have fallen this year in part due to slower growth and monetary tightening. Breaking Big Tech Bad – WSJ

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