Pivot co-hosts Kara Swisher and Scott Galloway discuss what’s next for tech’s largest firms as Democrats on the House Judiciary committee call for their dismantling on antitrust grounds
House Judiciary antitrust subcommittee Chair David Cicilline. Photo: Kevin Dietsch-Pool/Getty Images Buried in the one of the most chaotic news cycles of the year, earlier this week the House Judiciary Committee published a report based on its 15-month investigation into the antitrust potential of tech’s big four: Google, Apple, Facebook, and Amazon.
Kara Swisher: To recap, the House Democrats proposed a massive overhaul of U.S. laws that could make it easier to break up giant tech companies — probably all companies, for that matter. But according to the New York Times, there is disagreement among Democrats and Republicans on how to regulate these firms; Republicans thought that was a nuclear option.Scott Galloway: The report was very simple and straightforward. Facebook has a monopoly. Amazon abuses its retail partners.
Swisher: We need to overhaul the antitrust laws to really reflect the way that companies operate today. And it’s not just, by the way, just tech. There’s all kinds of weird monopolies in strange places.
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