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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Alphabet Inc | NASDAQ:GOOG | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -2.75 | -1.46% | 185.44 | 185.42 | 185.44 | 190.34 | 185.12 | 188.96 | 12,143,253 | 21:33:21 |
From Jul 2019 to Jul 2024
By John D. McKinnon
Rep. Frank Pallone's opening statement added to the worries for Big Tech on a day that has gone badly for chief executives so far.
Mr. Pallone (D., N.J.), the chairman of the full Energy and Commerce Committee, signaled that he's focused on changing the platforms' incentives for promoting attention-grabbing content, such as disinformation.
"Your business model itself has become the problem," said Mr. Pallone, who ultimately controls the panel's agenda. He promised to push legislation to change the platforms' incentives.
That's a bit of a paradigm shift for Mr. Pallone, who was not viewed as a leading critic of the platforms when he took over as chairman a few years ago.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
March 25, 2021 13:04 ET (17:04 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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