Biden anticipated to assail Silicon Valley Significant Tech in Point out of the Union deal with – The Mercury Information

On Wednesday 26th January, U.S. President Joe Biden is expected to make a critical statement against major Silicon Valley tech companies during his first State of the Union address.

The address is expected to be a stark warning against the big tech powers of the US, namely Amazon, Facebook and Google. The address is also likely to be indicative of the next four years of Mr Biden’s time as President, and it is expected that he will be taking a much more critical stance against tech giants than his predecessor did during his term.

The expected topic of attack comes following the release of a report by the Federal Trade Commission (FTC) which highlighted a number of anti-competitive practices which these companies have been engaging in, including blocking rivals to their businesses as well as unfair trade practices which are stifling competition in the marketplace.

The intention of Mr Biden’s words are expected to be to encourage competition and create a healthier market, with experts speculating that this may be the first of many attempts to shape the market to make it fairer for consumers and more competitive for smaller tech businesses.

Biden’s State of the Union address is expected to be, in many ways, a starting point for other efforts to come, with the President likely to continue in this direction in the medium to long term. It is expected that there will be a stronger stance against the big tech powers from now onwards, and this speech to Congress could well be seen as the first of many steps in the effort to create a fairer and more competitive tech market for the US.

Biden predicted to assail Silicon Valley Huge Tech in Point out of the Union handle  The Mercury Information



Source link