Congress Reignites Antitrust Probes Into Big Tech Companies

The Senate Commerce Committee has subpoenaed the CEOs of Facebook, Google, and Twitter to discuss content moderation, privacy laws, and media consolidation. Both Democrats and Republicans express concerns over Big Tech's antitrust issues, likening their power to that of Standard Oil. The House Judiciary Committee also held a hearing with antitrust experts, highlighting the Supreme Court's role in shaping antitrust laws. Experts argue for reforming antitrust laws and increasing enforcement funding to address the growing power of dominant firms.

What was the main reason for the Senate Commerce Committee to subpoena the CEOs of Facebook, Google, and Twitter?

• To explore their international business expansions

• To investigate their tax evasion strategies

• To address content moderation and privacy concerns

• To discuss their financial practices

How are big tech companies compared to historical monopolies in the discussion?

• They are viewed as more ethical than historical monopolies

• They are considered more innovative than past monopolies

• They are compared to Standard Oil in terms of power

• They are seen as less powerful than past monopolies

What concern do some Democrats have regarding the timing of the subpoena and hearing?

• It could be used to influence the upcoming election

• It might distract from other legislative priorities

• It could result in higher taxes for tech companies

• It may lead to increased tech innovation

Who has been the primary institution rewriting American antitrust laws for nearly 40 years?

• The Supreme Court

• The Federal Trade Commission

• The Senate

• The House of Representatives

What do expert witnesses suggest is necessary for improving antitrust enforcement?

• Increasing funding and modifying current laws

• Reducing the number of antitrust cases

• Decreasing the role of Congress in antitrust matters

• Focusing solely on privacy issues