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This week: 449 pages of scary bedtime reading for Zuck, Bezos, Sundar and Tim Cook
Graeme Jennings – Pool/Getty Images/MANDEL NGAN/POOL/AFP via Getty Images/Business Insider
At approximately 4 p.m. Pacific Time on Tuesday, the US House of Representatives antitrust subcommittee dropped a 449-page depth charge on the tech industry. The report was not unexpected — it’s the product of a 16-month investigation and a public hearing with all the CEOs in July — but its release instantly was still a bombshell in the world of tech.
Referring to Google, Amazon, Apple, and Facebook as “the kinds of monopolies we last saw in the era of oil barons and railroad tycoons,” the legislators declared a “clear and
(Bloomberg) — Robert T. Brockman was just putting the finishing touches on a new private equity fund when worrisome news arrived. Law enforcement agents had raided the home of a tax lawyer in Texas who had worked for him.
A Houston businessman who had made his fortune selling software to auto dealers, Brockman grew nervous, according to an account filed in Bermudian court. Could the Internal Revenue Service be delving into his taxes and business interests?
Using an app called Silent Phone that makes calls untraceable, he spoke with an adviser in Bermuda about whether the Houston lawyer might ultimately reveal Brockman’s links to offshore trusts and spur an investigation, according to the filing.
The gravity of the matter became apparent two weeks after the August 2018 raid. That’s when IRS agents