As the federal government broadens its antitrust review of big tech companies, Facebook is the Silicon Valley target with the most to fear, say technology executives surveyed by CNBC.
Technology executive sentiment on Alphabet's antitrust outlook was less pessimistic, according to results of the third-quarter 2019 survey of the. Roughly 17% of tech executives said the Google parent was the most likely to face punitive action — tied with the percentage of respondents who said none of the three tech giants would suffer punishment. Only 7% of survey respondents said Amazon, the technology company Trump has spent the most time criticizing, was the most likely to be hit hard.
There is widespread belief that Facebook has not done a good job handling its regulatory and PR issues since the 2016 election fallout, and the company has engendered a lack of trust among the public when it comes to promises and the representations by company management.and a member of the CNBC Technology Executive Council, said Facebook has not done itself any favors.
"Facebook is the world's foremost social media network, it has extraordinary reach and influence, and it impacts billions of consumers worldwide. It is therefore held to a higher public standard, and opinions, expectations and reactions are so much greater than for other enterprise or consumer companies," said Kirsten Wolberg, chief technology and operations officer at"Ultimately, opaque technical operations lead to superstition and fear," Pfeiffer said.
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