Capitol Hill siege ‘may be the beginning of the end of Big Tech’

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After a deadly insurrection overwhelmed Capitol Hill on Wednesday, ignited by President Donald Trump’s denial of election results, tech giants finally took action against him.

As of Thursday, Twitter (TWTR), Facebook and Facebook-owned Instagram (FB), and Snapchat (SNAP) have all suspended the president’s accounts indefinitely. Over the weekend, Apple (AAPL) and Google (GOOG, GOOGL) removed Parler, a social network favored by Trump supporters, from its app stores. Amazon (AMZN) suspended the company from using its cloud service.

Scott Galloway, professor of marketing at the NYU Stern School of Business and a vocal critic of big tech and its unchecked power, reflected on how the U.S. ended up in this state of chaos in an interview with Yahoo Finance Live on Friday.

 

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