Tim Cook called Nancy Pelosi to warn her about iPhone disruption with antitrust laws
Tech giants have repeatedly said they would welcome government regulation – if it’s the right regulation, of course. But in the face of five antitrust bills that could unravel what the House Judiciary Committee has described as the “monopoly power” of Apple, Amazon, Google and Facebook, Big Tech is pulling out the big lobbying guns.
Apple CEO Tim Cook himself called President Nancy Pelosi to “warn” that “rushed” antitrust bills could disrupt the iPhone, says The New York Times, And that’s not all :
“Executives, lobbyists and more than a dozen think tanks and advocacy groups paid for by tech companies have stormed Capitol Hill offices, calling and emailing lawmakers and their staff, and wrote letters arguing that there would be dire consequences for the industry and the country if ideas become law, ”the NYT wrote.
There is a growing sense that the current administration has a genuine interest in fighting tech monopolies – a point perhaps more clearly expressed when Biden chose Lina Khan, a prominent anti-competitive expert and Amazon critic. , to head the Federal Trade Commission. She was sworn in last week.
It’s not unusual for tech companies to dive deeper into lobbying these days, as you would now expect to be the most valuable companies in the world, and we’ve already seen their outsized influence overwhelm them. voters and legislators at the local level. Uber and Lyft won big after supporting the most expensive measure in California history, using their own apps as an unfair advantage, and the controversial Arizona App Store bill mysteriously vanished afterward. the intervention of technology companies. An Apple lobbyist managed to scare California lawmakers of an invoice right in 2019, too.
Pelosi apparently didn’t have it, at least not on the call. She repelled Cook, according to the Time‘sources.