The spectacular dominance of America’s Magnificent Seven tech firms — with $1 trillion-plus market caps — has been a marvel to behold and a genuine source of American pride. This is a theme that both President Donald Trump and Vice President JD Vance have in celebration of American business prowess.
The Magnificent Seven companies — Amazon, Apple, Google, Meta, Microsoft, Nvidia and Tesla — have a combined net worth greater than all the companies of Europe. Now that’s Chiefs-versus-Eagles dominance.
The mystery is why many regulators in Washington view these digital-age companies, whose continued rocket-ship growth has created hundreds of thousands of high-paying jobs for Americans, as villains not heroes. They keep calling for a blanket of smothering regulations via antitrust laws to rein in their market power.
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