mo4ch:>Big Tech caught in antitrust crosshairs of both Trump & Congress | Mo4ch News

Silicon Valley tech giants Amazon, Apple, Facebook and Google are finding themselves targets of antitrust probes by both the Trump administration and Democrats, in what appears to be a power struggle ahead of the 2020 election.Although the committee did not name any companies, chairman Jerrold Nadler (D-New York) spoke of “a handful of gatekeepers” who gained control “over key arteries of online commerce, content, and communications.”House Republicans, usually at odds with Nadler over his investigations into President Donald Trump, seem to have embraced the probe with enthusiasm.Mere rumors of a Justice Department probe of Google’s parent company Alphabet Inc. and the Federal Trade Commission (FTC) investigation of Amazon and Facebook, caused a massive drop of major technology stocks on Monday, with billions of dollars in market valuation wiped out in minutes.Alphabet stock was down by more than 6 percent, Facebook went down 7.5 percent, and Amazon dropped 4.6 percent by market closin…