Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  News  >  Economy & Forex

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Biden urged by 32 advocacy groups to reject Big Tech influence

11/30/2020 | 06:33pm EST
FILE PHOTO: The logos of Amazon, Apple, Facebook and Google

WASHINGTON (Reuters) - U.S. President-elect Joe Biden was urged to reject the influence of Big Tech companies on his administration, by 32 antitrust, consumer advocacy, labor and related groups in a letter sent on Monday.

Earlier this month, Reuters reported that more executives from technology companies than outspoken tech critics were named to Biden's transition team, offering clues on who will ultimately influence his administration's thinking.

The letter urged that the Biden administration exclude executives, lobbyists and consultants working for or with companies such as Facebook Inc, Amazon.com Inc, Alphabet-owned Google, Apple Inc and Microsoft Corp . The groups argue that the companies' business practices hurt consumers and the U.S. economy.

Signatories include Public Citizen, American Economic Liberties Project, Open Markets Institute, Progressive Democrats of America, the Revolving Door Project and Athena.

"We believe that your administration must confront the threats posed by the monopolistic Big Tech companies. ... however, we can only bring these companies to account if you do not rely on affiliates of these very companies to make up your government," the letter said.

Microsoft, Google and Facebook declined to comment. Amazon and Apple did not immediately respond to requests for comment. All companies, except Microsoft, are facing federal and state investigations against their business practices.

"We believe that eliminating the decades-old revolving door between Silicon Valley and your administration will only help your cause," the letter added.

In October, Reuters reported Amazon and Big Tech were cozying up to the Biden administration with cash and connections.

(Reporting by Nandita Bose in Washington; Editing by Cynthia Osterman and Richard Chang)

By Nandita Bose

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. -1.37% 127.14 Delayed Quote.-4.18%
FACEBOOK INC 2.33% 251.36 Delayed Quote.-7.98%
Latest news "Economy & Forex"
03:59aEXCLUSIVE : BOJ to consider scaling back ETF buying, market control in March review - sources
03:57aMalaysia Announces Additional MYR15 Billion Covid-19 Relief Package
03:56aStellantis shares rise on debut in Milan and Paris
03:56aBig Oil’s flagship plastic waste project sinks on the Ganges
03:54aTAKE FIVE : No.46 enters the White House
03:48aHong Kong records 107 new COVID-19 cases in latest spike
03:47aARGO BLOCKCHAIN PLC : announces £22.4 Million Private Placement with Institutional Investors and Mining Capacity Expansion
03:45aGermany finalises 2020 budget with less new debt than expected - sources
03:45aGerman government finalises 2020 budget with net new debt of less than 150 bln eur - sources
03:44aSingapore to resume hosting Shangri-La Dialogue summit in June
Latest news "Economy & Forex"