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Google, Amazon, Apple could see antitrust bills put on hold if Jim Jordan is House speaker - TL;DR CNBC

Google, Amazon, Apple could see antitrust bills put on hold if Jim Jordan is House speaker

Publishing timestamp: 2023-10-16 20:48:09


Summary

Republican Rep. Jim Jordan's potential election as Speaker of the House could result in major tech antitrust legislation being put on hold. Political strategists and industry lobbyists believe that if Jordan becomes Speaker, it will be difficult to pass any sensible bipartisan legislation to curb the power abuses of big tech companies. Jordan has accused tech companies of censoring conservatives but has also criticized bipartisan efforts to use antitrust legislation against them. Lobbyists and PACs for major tech companies have contributed to Jordan's reelection campaigns, raising concerns about his approach to tech regulation. There are divisions within the Republican party regarding how Congress should approach tech regulation, and Jordan's stance on the issue is seen as friendly to tech firms.


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Keywords: breaking news: technologyapple incmeta platforms incbreaking news: politicsgovernment and politicsmicrosoft corptechnologyalphabet incbusiness newsjim jordanamazon.com incpolitics

Source: https://www.cnbc.com/2023/10/16/house-speaker-vote-google-amazon-could-benefit-from-jim-jordan-win.html


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