Conservative Tech Groups Slam Ex-Intelligence Officials for Defending Monopolies, Urge Passage of Antitrust Bills

Two conservative tech advocacy groups sent a letter to House lawmakers criticizing former national security officials for attempting to prevent the passage of antitrust bills targeting Big Tech.

The letter, sent by the Internet Accountability Project (IAP) and the American Principles Project (APP) to House Speaker Nancy Pelosi and House Minority Leader Kevin McCarthy along with lawmakers responsible for overseeing antitrust legislation, urged Congress to pass six bills targeting major tech companies advanced beyond the House Judiciary Committee in June. The letter also criticized twelve former intelligence officials who sent a letter to House Speaker Nancy Pelosi and House Minority Leader Kevin McCarthy arguing against the passage of antitrust bills in mid-September.

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Facebook Becomes Fifth Tech Company Worth More Than $1 Trillion

Facebook’s market capitalization, or total dollar value, closed above $1 trillion for the first time ever Monday, making it the fifth U.S. company to reach such size.

Facebook exceeded the $1 trillion mark after a year in which the company experienced massive user and earnings growth, CNBC reported. Apple, Alphabet, Microsoft and Amazon – all fellow Big Tech companies – are the only other U.S. companies that have also surpassed $1 trillion in market capitalization, according to Axios.

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