The 360 | Should Big Tech be broken up?
Speed readWhat's happening:
Why there's debate: The core argument for breaking up big tech is the same that has been used to address past monopolies in industries like railroads, oil and telecommunications. Advocates argue that a small number of firms wield outsize power in an increasingly important industry. In this environment, the companies are then free to drive up prices, favor their own products, buy out or copy any emerging competition and violate users' trust.
Skeptics of the idea point to the slew of advances big tech companies have made that benefit everyday Americans: things like Google's supply of useful apps or the low prices Amazon provides to online shoppers. Although there is growing consensus on both sides of the political spectrum that tech firms have become too powerful, many believe regulation to be a more realistic and effective alternative to a mass tech breakup.
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