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Did Troubles Clip Wings Of Big Tech? Not Just Yet

Jan 02, 2019 - The New York Times
Mergers and Acquisitions

SAN JOSE, Calif. -- Silicon Valley ended 2018 somewhere it had never been: embattled.

Lawmakers across the political spectrum say Big Tech, for so long the exalted embodiment of American genius, has too much power. Once seen as a force for making our lives better and our brains smarter, tech is now accused of inflaming, radicalizing, dumbing down and squeezing the masses. Tech company stocks have been pummeled from their highs. Regulation looms. Even tech executives are calling for it.

In the face of such a sustained assault, this might be a good moment for Big Tech to lie low. It could devote some of its mountains of cash -- Apple alone has $237 billion in the bank -- to genuine good works, and allay widespread fears it wants to control your data and your dest...