Tech Stocks Roundup: Cramer Believes in FAANG, Microsoft, Snap

U.S. lawmakers reportedly are working on bills that would require tech titans Amazon  (AMZN) – Get Report, Alphabet  (GOOGL) – Get Report, Apple  (AAPL) – Get Report and Facebook  (FB) – Get Report to split in two and drop their private-label products.

The information came from knowledgeable sources and documents viewed by The Wall Street Journal. Each bill has both Republican and Democratic support, one of the sources said. The two bills are part of five that are being considered to lessen the companies’ dominance, according to The Journal.

In other Amazon news, European Union regulators have recommended fining the tech and retail company more than $425 million for violating privacy law, sources told The Wall Street Journal. The violation concerns Amazon’s collection and use of personal data and doesn’t apply to its Amazon Web Services cloud unit, one of

Read more