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Facebook, Inc (NASDAQ:FB), Apple Inc (NASDAQ:AAPL) - Why Apple May Be A Bigger Threat To Facebook Than Antitrust Concerns

Facebook, Inc (NASDAQ:FB), Apple Inc (NASDAQ:AAPL) - Why Apple May Be A Bigger Threat To Facebook Than Antitrust Concerns
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

Roger McNamee

Roger McNamee
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

Biden s Sweeping Economic Executive Order Sets Eyes on Big Tech

President Joe Biden, today signed an executive order aimed at promoting competition in the U.S. economy. Citing decades of industry consolidation that has weakened competition in several markets, President Biden noted that this diminished playing field has “widening racial, income, and wealth inequality” — with workers, farmers, small businesses, and consumers paying the price. The expansive order includes 72 initiatives spanning more than 12 federal agencies and tackles a number of economic obstacles, including non-compete and limiting agreements that hamper economic mobility, staggering drug prices, airline pricing and refund policies, and Big Tech mergers. “Rather than competing for consumers they are consuming their competitors; rather than competing for workers they are finding ways to gain the upper hand on labor,” President Biden said during a press conference announcing the executive order. “Let me be clear: Capitalism without competition isnâ

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