By John Eggerton, Broadcasting & Cable Online, 7-29-20
The main takeaways from the prepared testimony of the four tech giants testifying before Congress Wednesday (July 29) is that their companies are quintessentially American success stories, companies that took risks and failed as well as succeeded and in the process innovated and built businesses that provided jobs and new opportunities.
The bottom line: They are big because they are successful rather than successful because they are big. That message comes as policymakers try to wrap their arms around companies with market caps the size of small countries and at least the appearance of dominance in areas like search and the social media connections that are only becoming more vital in a time of pandemic. » Read More