Cramer: “I suspect Trump wants to crack down on big tech because he views them as political opponents”

  • The Justice Department and Federal Trade Commission, agencies run by Trump appointees, are reportedly planning to crack down on the business practices at Google-parent Alphabet, Facebook, Amazon and Apple.
  • “I suspect Trump wants to crack down on big tech because he views these companies as political opponents,” “Mad Money” host Jim Cramer said.
  • “For whatever reason, the president’s whims have trumped his pro-business attitude. And if the Trump administration is going to be less pro-business, investors are going to pay less for the earnings” of companies, Cramer said.

    The rest of the article is here.

 

Author: jeffpelline

Jeff Pelline is a veteran editor and award-winning journalist - in print and online. He is publisher of Sierra FoodWineArt magazine and its website SierraCulture.com. Jeff covered business and technology for The San Francisco Chronicle for 12 years, and he was a founding editor and Editor of CNET News for eight years, among other positions. Jeff has a bachelor's degree from UC Berkeley and a master's from Northwestern University. His hobbies include sailing, swimming, and trout fishing in the Sierra.

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