Big Tech’s Free Ride Is Coming to an End


Source: barrons.com barrons.com

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Text size About the author: Mark Penn is chairman and CEO of Stagwell, a technology-based global marketing services firm. Technology’s Wild West era is coming to an end. For decades, American policy has been hands-off technology to let it grow and innovate. On the eve of the dawn of artificial intelligence and the metaverse, the bad taste consumers have of social media and its divisiveness suggests that more aggressive regulation is just around the corner. The recent round of layoffs won’t do much to staunch consumers’ fears that technology is enabling the possibility of a surveillance state. Their concerns will...