Big Tech’s small biz squeeze

While Apple, Google, Amazon and Facebook all started as tiny operations in garages and dorm rooms, it’s hard to imagine any of them being displaced by new startups today. President Biden’s sweeping new executive order targeting big business is the most ambitious effort yet to clear space for challengers to thrive — but still faces daunting odds.

Why it matters: Tech’s giants are now dominant economic forces, and the Biden administration says their market concentration may be undercutting the next generation of competitors. Biden’s order calls for federal agencies to take action to reduce industry concentration, but today’s tech industry is built around a “big fish eat little fish” ecology that will be hard to change.

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