Big Technology

Big Technology

Share this post

Big Technology
Big Technology
The U.S. Government Is Addicted to the Tech Giants’ Success. That’s the Problem.

The U.S. Government Is Addicted to the Tech Giants’ Success. That’s the Problem.

The government is more likely to invest in the tech giants than break them up

Alex Kantrowitz's avatar
Alex Kantrowitz
Jul 30, 2020
∙ Paid
13

Share this post

Big Technology
Big Technology
The U.S. Government Is Addicted to the Tech Giants’ Success. That’s the Problem.
Share

In the months leading up to Wednesday’s tech giant hearing, the U.S. federal government was buying millions in tech giant debt. Through BlackRock, an intermediary, the Federal Reserve picked up $25 million in Apple bonds, another $4 million in Amazon, and about $18 million in Microsoft. 

The buying spree took place amid a much larger fed program aimed at…

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 Alex Kantrowitz
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share