Tech giants have repeatedly said they would welcome government regulation — if it’s the right regulation, of course. But faced with five antitrust

Tim Cook called Nancy Pelosi to warn her against disrupting the iPhone with impending antitrust bills

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2021-06-23 01:30:04

Tech giants have repeatedly said they would welcome government regulation — if it’s the right regulation, of course. But faced with five antitrust bills that could unwind what the House Judiciary Committee described as Apple, Amazon, Google and Facebook’s “monopoly power,” Big Tech is bringing out the big lobbying guns.

Apple CEO Tim Cook himself called Speaker Nancy Pelosi to “deliver a warning” that that the “rushed” antitrust bills could disrupt the iPhone, according to The New York Times, and that’s not all:

“Executives, lobbyists, and more than a dozen think tanks and advocacy groups paid by tech companies have swarmed Capitol offices, called and emailed lawmakers and their staff members, and written letters arguing there will be dire consequences for the industry and the country if the ideas become law,” the NYT wrote.

There’s a growing sense that the current administration has a genuine interest in combating tech monopolies — a point perhaps made most clearly when Biden chose prominent antitrust scholar and Amazon critic Lina Khan to lead the Federal Trade Commission. She was sworn in last week.