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Big Tech rolls on as investors shrug off regulatory pressure

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AFP

Washington (AFP) – Pressure is rising on Big Tech firms, signaling tougher regulation in Washington and elsewhere that could lead to the breakup of the largest platforms. But you’d hardly know by looking at their share prices. Shares in Apple, Facebook, Amazon and Google parent Alphabet have hovered near record highs in recent weeks, lifted by pandemic-fueled surges in sales and profits that have helped the big firms extend their dominance of key economic sectors. The Biden administration has given signs of more aggressive regulation with appointments of Big Tech critics at the Federal Trade C…

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