UK watchdog’s action against Facebook over Giphy prove it has teeth | Larry Elliott

Move by Competition and Markets Authority is a welcome step against the power of big tech

Big tech has two faces. One face presents a new form of company: inclusive, socially liberal, very much with the zeitgeist, supporting the Democrats rather than the Republicans, and different from anything that has gone before.

Strip away the makeup and a different face appears: the face of a monopoly seeking to protect itself from rivals. Over the years, the giants of Silicon Valley have used their financial clout to buy up smaller companies that might pose a threat to their market power.