Business Insider: "A growing chorus of Wall Street heavyweights is sounding the alarm on regulatory pressures surrounding America's biggest tech juggernauts"

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Business Insider: "A growing chorus of Wall Street heavyweights is sounding the alarm on regulatory pressures surrounding America's biggest tech juggernauts"

Excerpt from Business Insider quoting DataTrek’s Nick Colas:

…”The DoJ has “the tools we need to enforce the antitrust laws in cases involving digital technologies,” he added, and said US antitrust law is flexible enough to apply to “markets old and new.” 

This sent alarm bells off for Nicholas Colas, a veteran analyst and co-founder of DataTrek Research. Investors should get ready to hear Delrahim’s name “a lot more,” he told clients in a note this week.

“It’s hard to read this speech and not think the Justice Department is lining up its arguments for a showdown with Big Tech,” Colas wrote. “What comes from that is anyone’s guess”…

Read the full article here on Business Insider!