IOVA - Wall Street Breakfast: U.S. House Hints At Big Tech Breakup

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. U.S. House hints at Big Tech breakupA House antitrust subcommittee report due this week on big tech - Amazon.com (AMZN), Apple (AAPL), Facebook (FB) and Alphabet ([[GOOG]], [[GOOGL]]) - is hinting toward breaking up the tech giants, according to a lawmaker in the GOP minority. “This proposal is a thinly veiled call to break up Big Tech firms. We do not agree with the majority’s approach,” says Republican congressman Ken Buck in a draft response seen by Reuters. He says he shares Democratic concerns about the companies' market power, but objects to requiring them to pursue a clear "single line of business." Cisco ordered to pay $1.9B in patent infringement case Cisco (CSCO) has been ordered to pay $1.9B in a patent infringement case. The U.S.

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Wall Street Breakfast: U.S. House Hints At Big Tech Breakup