I haven’t read up on it but they said this isn’t a big deal for google on the radio. They gained 1.38% today. Radio said they’ve been through several of these and come out unscathed.
The fact that you think the government will do a better job of regulating Google/the internet is laughable. Have you watched any of the videos of FB or Google testifying to congress? It’s absolutely pathetic. Most of Congress is too old and stupid to know even basic things about the internet. The inner workings of giants like Google are literally beyond the mental reach of anyone I’ve seen in Congress. IMO one of the US’s biggest failures is how we adapt to the age of information and who we put in charge of it.
IMO congress doesn’t have the right to do anything about censorship as these are private entities who have complete control over how their product is used. They should only focus on privacy concerns.
“They now have control of what they deem is fact and opinion censor anything against their agenda”. As if Trump doesn’t continuously lie to the people? So you want the serial liars that are more partisan than they’ve ever been to regulate the internet? Yea what could go wrong? OH CHINA, NORTH KOREA, RUSSIA.
In terms of the Antitrust portion, which is likely the only thing the government might be able to take a swing at, it will be tough going. You can break google up a bit but it probably wouldn’t open up lots of gaps for competition. They already have a great name and that consumer trust keeps the market a monopoly. The fact that much of their product is free will make it harder to attack them.
It’s ironic that they mention “starving” BING considering it’s a part of Microsoft who has 2 browsers that try to force people to Bing.
The fact of the matter is that these companies have won the popularity contest and people won’t leave them because the government is scared of their power. The fact that they don’t understand the internet makes them even more afraid.
