The IT Pro Podcast: Can the US take on big tech?

We take a look at the multiple anti-monopoly bills being aimed a Silicon Valley giants

The IT Pro Podcast: Can the US take on big tech?

The growth of major tech companies over the last decade has been seemingly unstoppable, but as organisations like Facebook, Microsoft and Google work their way ever deeper into our lives, the US government has set its sights on curtailing the worst of their perceived excesses. A number of bills have been introduced by both parties to try and limit their power in areas like data portability, market consolidation and self-regulation.

But why are lawmakers so up in arms about the conduct of tech companies? What behaviour has prompted this? And do these bills have any real chance of slowing tech companies growth, or will they die on the floor of the house? In this week’s episode, Zach Marzouk and Justin Cupler return to discuss the US’ current slate of anti-monopoly legislation, and what it could mean for the country’s business climate.

Highlights

“I think the most legitimate one I see on here, the one that has the most grounds to stand on, is the limiting of mergers and acquisitions. Because now you have startups that are literally starting up just for the plain goal of being acquired by one of the big giants. And these giants are gobbling them up, changing the name, putting it under their umbrella and running with it. And that is limiting a lot of innovation. It's limiting people who legitimately want to get a startup running, want to run this as an actual startup that's going to be successful. It's limiting those people's ability to do this in lieu of the people who want to go out there and just sell their startup for a billion dollars.”

“You can definitely bring in regulation to curb the power of big tech, but I don't know if it will go far enough, especially since the bills are still being discussed. So we don't know what the final bill would look like. I think if you look at China, and see what they've done in terms of regulation, which is probably the other end of the spectrum, compared to the US, they're definitely taking a stance against big tech. They're curtailing the power of tech giants, firing CEOs and so on. But I don't know if the US is going to go all the way and bring in the right legislation that will address the power of big tech.”

Read the full transcript here.

Footnotes

Subscribe

Featured Resources

2021 Thales cloud security study

The challenges of cloud data protection and access management in a hybrid and multi cloud world

Free download

IDC agility assessment

The competitive advantage in adaptability

Free Download

Digital transformation insights from CIOs for CIOs

Transformation pilotes, co-pilots, and engineers

Free download

What ITDMs did next - and what they should be doing now

Enable continued collaboration and communication for hybrid workers

Recommended

Microsoft 365 prices to soar by 20% for pay monthly subscribers
Managed service provider (MSP)

Microsoft 365 prices to soar by 20% for pay monthly subscribers

7 Dec 2021
Microsoft seizes domains used by Chinese hacking group
cyber attacks

Microsoft seizes domains used by Chinese hacking group

7 Dec 2021
Microsoft will make it easier to change default browser in Windows 11
web browser

Microsoft will make it easier to change default browser in Windows 11

6 Dec 2021
What is Microsoft Edge? Everything you need to know
web browser

What is Microsoft Edge? Everything you need to know

6 Dec 2021

Most Popular

What should you really be asking about your remote access software?
Sponsored

What should you really be asking about your remote access software?

17 Nov 2021
How to move Microsoft's Windows 11 from a hard drive to an SSD
Microsoft Windows

How to move Microsoft's Windows 11 from a hard drive to an SSD

24 Nov 2021
Nike to take customers into the metaverse with 'NIKELAND'
virtualisation

Nike to take customers into the metaverse with 'NIKELAND'

19 Nov 2021