Calls are growing louder to split apart Facebook, Alphabet, Amazon and other tech giants. A group of activists and scholars seek to use decades-old antitrust reasoning to regulate or break up today’s largest tech companies. “It’s definitely a new and much greater drumbeat today than it has been,” says Charlotte Slaiman, competition policy counsel at Public Knowledge, a public interest nonprofit based in Washington, D.C.
The rising movement, known as hipster antitrust, “attacks ‘bigness’ per se,” says Joe Kennedy, senior fellow at the Information Technology and Innovation Foundation. Kennedy points out in a report that a policy shift in that direction could produce more uncertainty, slow innovation and even reduce economic growth. That threat, however unlikely, strikes fear into some of the country’s biggest companies.
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