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Winners and losers from yesterday's Big Tech antitrust hearings

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Lawmakers asked tough — and sometimes weird — questions. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌‌  ‌ ‌ ‌ ‌ ‌ ‌...

Axios Pro Rata: Facebook breakup — GE Ventures keeps selling — SPAC stuff

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Top of the Morning | Thursday, July 30, 2020   View in browser   Pro Rata By Dan Primack · Jul 30, 2020 ⚠️ Situational awareness: U.S. GDP shrank at an annualized 32.9% rate in Q2, the worst-ever contraction on record. Weekly jobless claims also continued their troubling rebound, hitting 1.43 million.     Top of the Morning Illustration: Sarah Grillo/Axios   Tech companies usually model out regulatory risk before signing new merger agreements. But, increasingly, they're facing scrutiny for deals that closed years ago without a peep from Washington, D.C. Unfriended: Rep. David Cicilline (D-R.I.), who chaired yesterday's Big Tech hearings, told the " Axios Re:Cap" podcast that Facebook should be broken up, in part because of its acquisitions of Instagram and WhatsApp. What happened: Cicilline had c...