Close Menu
Technology Mag

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Xgimi’s incredibly bright 4K projector targets daytime gamers

    September 4, 2025

    Tech companies pledge to ready Americans for an AI-dominated world

    September 4, 2025

    Microsoft is about to shake up its Copilot pricing for businesses

    September 4, 2025
    Facebook X (Twitter) Instagram
    Subscribe
    Technology Mag
    Facebook X (Twitter) Instagram YouTube
    • Home
    • News
    • Business
    • Games
    • Gear
    • Reviews
    • Science
    • Security
    • Trending
    • Press Release
    Technology Mag
    Home » What Donald Trump’s Win Will Mean for Big Tech
    Business

    What Donald Trump’s Win Will Mean for Big Tech

    News RoomBy News RoomNovember 12, 20243 Mins Read
    Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Email

    The most raucous cheers of the night were prompted by Trump’s promise to fire Gary Gensler, chair of the Securities and Exchange Commission, a regulatory agency that has brought a volley of lawsuits against crypto businesses under the Biden administration.

    Separately, Trump has promised to commute the sentence of Ross Ulbricht, the creator of darknet marketplace Silk Road, who is currently serving life in prison. Silk Road, through which people bought and sold drugs and other contraband, was among the first online services to accept bitcoin as payment. The severity of Ulbricht’s sentence is widely considered to be disproportionate by bitcoiners, who have long called for his release.

    Antitrust

    An early indicator of the relationship the Trump administration intends to have with Big Tech will be the fate of the Federal Trade Commission chair Lina Khan.

    Khan, the youngest ever FTC chair at 35, became a flashpoint in the election campaign. Among Democrat donors, her approach to antitrust enforcement and corporate power was deeply controversial. Google, Meta, Amazon, and Microsoft all faced legal challenges under her tenure, although some were more successful than others.

    “Lina Khan is … a person who is not helping America,” LinkedIn cofounder and Democrat donor Hoffman told CNN in July. Trump donor Elon Musk also expressed his dislike. “She will be fired soon,” he said of Khan last week.

    Dan Ives, an analyst at financial services firm Wedbush, described Khan as a “nightmare for the tech sector,” adding there was a belief among analysts that her departure would act as a catalyst for more Big Tech deals. “The Musk influence for Trump could also catalyze and accelerate a potential Khan exit,” he said.

    Trump has suggested, vaguely, that “something” should be done about Google, to make the company “more fair.” Vance has been more explicit, praising Khan for “doing a pretty good job.”

    Vance appears to see break-ups as a solution for what he claims is Big Tech’s censorship of conservatives. “When you have companies like Facebook and Google censoring American citizens, making it harder for Americans to speak in their own political process, that is a major problem,” the vice president-elect said in September, giving Google’s acquisition of YouTube in 2006 as an example. “I do think that there should be an antitrust solution to it.”

    A new Trump administration is unlikely to abandon antitrust cases against Big Tech, said Adam Kovacevich, CEO of Chamber of Progress, a left-leaning technology trade group, in a memo on Wednesday, noting several of these began under his first term. “But he will likely try to use these suits as leverage over the companies to get favorable treatment on speech and content concerns.”

    Whether Khan would serve under Trump is unclear. Her team declined to comment on Wednesday. Bill Kovacic, a former FTC chair, said the chances of that happening beyond a few weeks were “close to zero.”

    Joel Khalili, Morgan Meaker, and Zeyi Yang contributed reporting.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email
    Previous ArticleSuper Nintendo World’s new Donkey Kong area has a rollercoaster and rhythm games
    Next Article This tiny smart lock promises to unlock your door in under two seconds

    Related Posts

    This Robot Only Needs a Single AI Model to Master Humanlike Movements

    September 4, 2025

    The Loophole Turning Stablecoins Into a Trillion-Dollar Fight

    September 4, 2025

    Meet the Guys Betting Big on AI Gambling Agents

    September 3, 2025

    Researchers Are Already Leaving Meta’s New Superintelligence Lab

    September 3, 2025

    Latam-GPT: The Free, Open Source, and Collaborative AI of Latin America

    September 3, 2025

    Big Tech Companies in the US Have Been Told Not to Apply the Digital Services Act

    September 2, 2025
    Our Picks

    Tech companies pledge to ready Americans for an AI-dominated world

    September 4, 2025

    Microsoft is about to shake up its Copilot pricing for businesses

    September 4, 2025

    China Is About to Show Off Its New High-Tech Weapons to the World

    September 4, 2025

    This Robot Only Needs a Single AI Model to Master Humanlike Movements

    September 4, 2025
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    Don't Miss
    News

    Samsung’s ultra-thin Galaxy S25 Edge is $400 off right now

    By News RoomSeptember 4, 2025

    If you’ve ever wished your phone didn’t protrude so much while in your pocket, then…

    Arkansas Hosts the Planet’s Only Public Diamond Mine

    September 4, 2025

    This Dyson air purifier shoots out fresh air like a jet engine

    September 4, 2025

    The Loophole Turning Stablecoins Into a Trillion-Dollar Fight

    September 4, 2025
    Facebook X (Twitter) Instagram Pinterest
    • Privacy Policy
    • Terms of use
    • Advertise
    • Contact
    © 2025 Technology Mag. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.