The end of tech's laissez-faire era

The big picture: These moves have multiplied as the result of a rare convergence of bipartisan discontent with Big Tech.

Democrats used to love tech’s innovation and idealism, and Republicans used to believe in leaving business alone.

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Now the script has flipped for both.

Today, Democrats distrust the rising power of privacy-wrecking surveillance capitalism, and Republicans feel that tech platforms are biased against their conservative politics.

Yes, but: Inquiries and settlements are one thing and changing behavior is quite another. Critics say the FTC deal with Facebook doesn’t substantively change the way the company does business, nor is even a $5 billion fine a significant deterrent, given how much Facebook profits from its practices.

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