HOUSE_OVERSIGHT_033395.txt
HOUSE_OVERSIGHT_033395.txt
Why This Matters
The document discusses how a slowing economy and increasing regulatory threats could make it difficult for tech companies like Google, Facebook, and Amazon in 2019.
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The document discusses how a slowing economy and increasing regulatory threats could make it difficult for tech companies like Google, Facebook, and Amazon in 2019. The biggest tech companies have already made billions of dollars in profits and benefited from major tax cuts, but next year is unlikely to be better financially for them. They have also been dogged by scandals that have left many questioning their positive role in society. If the economy starts to slip, 2019 could be worse for these companies. The document mentions Google CEO Sundar Pichai who has agreed to testify before Congress and lawmakers pushing for a federal privacy law.
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