Sen Warner: Beware of regulating US tech companies in a way that gives Chinese tech companies an advantage
If politicians in the US make the mistake of over-regulating big tech, Chinese competitors could easily take over the market, according to Sen Mark Warner (D-VA). When asked if tech giants should be broken up under antitrust laws, Sen Warner said regulators need to be careful not to be too “heavy-handed” because breaking up those companies could create an opening for Chinese competitors.