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Lobbyists for Silicon Valley Giants Like Facebook Find Glory Days Are Over
Tech lobbyists, including many Obama veterans, now face tough crowd in Congress, White House
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A new privacy feature in Apple’s iOS 14.5 requires apps to request permission to track you. And Facebook isn’t happy about it. WSJ’s Joanna Stern put Facebook CEO Mark Zuckerberg and Apple CEO Tim Cook into the ring to explain why this software update has kicked off a tech slugfest. Photo illustration: Preston Jessee for The Wall Street Journal
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Updated June 17, 2021 3:26 pm ET
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WASHINGTON—President Biden’s decision to name the progressive antitrust crusader Lina Khan to lead the Federal Trade Commission is a stark display of how far Silicon Valley has fallen out of favor in the nation’s capital.
In Congress, Democrats and some Republicans are working to rein in the largest tech companies with proposals aimed at curbing their market power. Lawmakers are cheering antitrust probes by the Justice Department and Federal Trade Commission that could force these companies to shed acquisitions that were rubber-stamped by the government.
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