04 jul Georgia voters have actually struck fear within the hearts of Big Tech organizations
Whilst the dirt settled on Georgia’s Jan. 5 Senate runoff races, also it became clear that Democrats would quickly get a grip on the White home and both chambers of Congress, security bells started going down for technology watchers.
“To be dull, it is a definite negative for Big Tech,” penned Wedbush Securities analyst Dan Ives in a study note delivered at 4am on Jan. 6, right after news outlets began calling the very first competition. In modern times, technology giants like Facebook, Apple, Amazon, Netflix, and Bing have now been bracing to get more legislation of the growing power, and Ives saw stormy seas ahead: “[W]ith a Senate now most most likely managed by Democrats we might expect a great deal more scrutiny and sharper teeth around FAANG names with possible (although nevertheless the lowest danger) legislative modifications to present anti-trust rules now regarding the dining table.”