Antitrust overreach makes it harder for U.S. businesses to compete and further American interests.

— Antitrust policies that target companies based on domestic market share put them at a major disadvantage. Using the FTC as an example, Jeffrey Sonnenfeld and Steven Tian of the Yale School of Management explain: “[A]ntitrust overreach is hurting American business competitiveness in global markets, with the FTC calculating industry concentration on a purely domestic—and sometimes even local—basis instead of examining market share on a global scale… hamstringing American entities by miscalculating industry concentration as if U.S. companies do not compete with foreign competitors, many of which are subsidized by their national governments, in strategic industries… only hurts American competitiveness.”

— Antitrust overreach can also weaken U.S. national security. Glenn S. Gerstell, former general counsel of the National Security Agency, highlights the importance of innovation by tech companies like Google to cybersecurity: “Breaking up U.S. tech companies diminishes their ability to detect and counter cyber threats that jeopardize national security. These companies act as omnipresent sensors, leveraging their integrated platforms to identify cyber vulnerabilities and attribute malicious activities. The Department of Justice’s proposal to force divestitures in cases like Google’s ignores these critical capabilities, effectively sacrificing effective cybersecurity for competition policy.”

By pursuing these policies, U.S. regulators risk diminishing the very industry that helps maintain America’s status as the world’s technology and economic superpower.

Technology companies have made America the world’s technological leader. 

Technology companies are a major reason the U.S. economy has continued to grow steadily while other countries stagnate. The Economist recently explained that the American innovation economy has allowed the U.S. to now account for half the world’s GDP: 

— “America’s dynamic private sector draws in immigrants, ideas and investment, begetting more dynamism. It is home not just to the world’s biggest rocket-launch industry, but also its internet giants and best artificial-intelligence startups. Its seven big tech firms are together worth more than the stock markets of Britain, Canada, Germany and Japan combined; Amazon alone spends more on research and development than all of British business.”

The rising global importance of artificial intelligence and quantum computing has made the contributions of American tech companies even more critical. Company-driven AI innovation is crucial to both consumer technology and science—two Google DeepMind scientists were recently awarded the Nobel Prize in Chemistry for groundbreaking AI-driven research on proteins. And just this week, Google released its new Willow quantum computing chip—which ran a computation in under five minutes that would take one of today’s fastest supercomputers 10 septillion years. These kinds of cutting-edge scientific advances are exactly what the U.S. cannot afford to lose. 

— A recent CCIA report discusses Google’s contributions to illustrate this point: “Google is a leading player in artificial intelligence (AI), cloud computing, and other technological innovations that have shaped industries and markets globally… Splitting Google into separate entities could dampen this innovation engine. Without the financial strength that comes from its position in search and advertising, Google’s ability to fund high-risk, high-reward ventures could be curtailed.”

Technology companies are a boon for American workers and consumers.

American technology companies have dominated the global market through cutting-edge innovation, directly leading to job growth in the U.S. The United States held 38% of the global information and communication technology market share in 2024, far surpassing China and the EU, which each held just 10%. This dominance fuels local job creation, extending beyond direct employment within tech companies. The tech industry stimulates economic growth by purchasing goods and services from other industries to support its operations, generating additional jobs. Furthermore, tech workers contribute significantly to the economy by spending their earnings, creating “induced jobs” across various sectors. The tech industry is estimated to have supported a total of 25.3 million jobs, or 19 percent of private sector employment in 2020.

— The most successful technology companies are at the forefront of job creation. Amazon alone supports 4.8 million jobs in the United States, a quarter of which are small-scale businesses that sell on its platform. Moreover, a study from Oxford Economics showed that the presence of companies like Amazon reduced county unemployment and increased labor-force participation. American workers and their communities are among the primary beneficiaries of the success of tech companies like Amazon. 

— The tech industry has extended these unique opportunities to every corner of American society. This is best seen in the high-paying opportunities created by technology companies for non-college-educated workers, overcoming barriers seen in other industries. According to the U.S. Census Bureau, non-college-educated workers in the software publishing industry earned over 2.5 times the national average for their group in 2019.