RPT-Coronavirus pandemic hands Big Tech a chance to burnish its image [Reuters]
Amazon.com, Inc. (AMZN)
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Source: Reuters
RPT-Coronavirus pandemic hands Big Tech a chance to burnish its image (Repeats story published on Tuesday) By Chris Sanders WASHINGTON, March 17 (Reuters) - Google, Facebook and Amazon are using their size, reach and technology prowess to help Americans cope with the coronavirus crisis, an opportunity for Big Tech to counter a drumbeat of criticism in Washington. The three companies have a chance to burnish their images amid intense U.S. regulatory scrutiny by the Justice Department, Federal Trade Commission, state attorneys general and the House Judiciary Committee, who accuse the companies of unfairly using their clout to defend market share or expand into adjacent markets. Washington lawmakers from both parties regularly attack the companies with a broad range of accusations, from doing too little to protect children to aiding hucksters who use the coronavirus outbreak to rip people off. But the coronavirus pandemic has offered the companies, all of whom hold sizable cash reserves
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