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November 18, 2022

GOP House & Big Tech — Unsolicited Thoughts

GOP House & Big Tech — Unsolicited Thoughts

This week’s big news is the GOP winning the US House of Representatives. Many in the GOP have expressed disdain for Big Tech, and so here’s my unsolicited thoughts on what might happen over the next 2 years.

Will the GOP actually do anything about Big Tech?

They will certainly talk about it. I expect at least one investigation, likely tied to Hunter Biden, around social media bias. However, the chances of any laws being passed on this, with a divided government, are very low.

Democrats hate Big Tech too, isn’t this bi-partisan?

While the Democrats have also used Big Tech as a target this election cycle, they seem much more concerned with the marketplaces, like the app stores, vs. social media. The Democrats are trying to pass their Antitrust bill before the new Congress begins in January.

Will Anything Change?

Unlikely. The Democrats Antitrust bill could change the app stores significantly but is running very short on time. As for the GOP House, Congressional investigations rarely produce “smoking gun” evidence, and so we’re unlikely to see any bills targeting social media gain enough momentum to win Democrat support. Big Tech wins again.

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Ash Rust

Ash Rust

Managing Partner, Sterling Road

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