- The five U.S. tech giants are now valued at about $7 trillion, up from $2 trillion five years ago.
- As lawmakers made clear in a report released this week, they view Big Tech as having dangerous monopolistic power that needs to be checked.
- A number of things have taken place in the past decade that turned the Silicon Valley-Seattle corridor into a target for Washington politicians.
After a 16-month investigation into competitive practices at the largest U.S. tech companies, Democratic congressional staffers laid out their findings this week in a 449-page report. They concluded that Apple, Amazon, Facebook and Google enjoy monopoly power that needs to be reined in, whether that means breaking the companies up, blocking