Marketplace Tech Biden pushed back on Big Tech’s power, and Trump found a few new friends
Jan 20, 2025
Inauguration Day brings tech leaders to the forefront, showcasing their surprising support for Donald Trump. Meanwhile, Joe Biden's administration takes a tough stance on Big Tech, with regulatory measures targeting giants like Facebook and Amazon. The discussion touches on significant investments in the semiconductor industry and initiatives aimed at safeguarding youth online. The contrast in approaches between the two presidencies sparks debates about innovation versus regulation, highlighting the shifting dynamics in the tech landscape.
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FTC's Actions
- The FTC, under Khan, pursued legal action against Facebook and Amazon for alleged monopolistic practices.
- They also attempted to block mergers like Microsoft's acquisition of Activision Blizzard.
Biden's Tech Stance
- President Biden took a more adversarial approach to the tech industry than his predecessor.
- This included appointing Lina Khan, known for her antitrust theories, to chair the FTC.
Criticism of Biden's Approach
- Critics like Gary Shapiro argue that the Biden administration's approach was harmful to innovation.
- They believe the FTC's focus shifted from consumer benefit to protecting existing businesses.