Debating the Breakup; Buffett’s Billionaire Giving; Aggression on the Airlines

The House Judiciary Committee is debating a number of antitrust bills that could break up tech’s biggest players. OZY co-founder and CEO Carlos Watson and “Big Technology” Substack founder Alex Kantrowitz discuss the scope of antitrust legislation in 2021, and anticipate changes to Apple, Facebook, Amazon, and Microsoft as lawmakers inch nearer to regulation. In a new note, Warren Buffett announced that he’s halfway to his goal of donating all of his Berkshire Hathaway shares; he’s donated $41 billion to five philanthropies in the past 16 years, and he’s set to continue at the same pace. In a reflection on billionaire wealth and charitable giving, Buffett admits that Congress should reevaluate taxes for wealthy philanthropes. He also will resign from the Bill & Melinda Gates Foundation. Plus, unruly airline passengers are endangering other travelers and airline staff, and the markets are digesting the most recent comments from Fed chair Jerome Powell.