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Public wants big tech companies regulated

Public wants big tech companies regulated
© Edgars Sermulis | Dreamstime.com

I'm sure by now you've heard the accusations that foreign actors tampered with the 2016 U.S. presidential election.

When rumors began swirling that this actually happened, many Americans didn't think it was possible. Since then, representatives from several U.S. security agencies have testified before Congress that the rumors are true.

That seems to have swayed public opinion. Now, a majority of Americans want the government to do a better job regulating big tech companies.

Does Silicon Valley need more regulation?

A recent Axios-SurveyMonkey poll shows that the majority of Americans don't believe the U.S. government is doing enough to regulate how tech companies operate.

This is a big change in public opinion in a very short time. In fact, there was a 15 percent increase in these concerns from November 2017 to February 2018.

There was a poll taken in November last year that showed 40 percent of all Americans were concerned with tech companies' regulations. In February of this year, that number jumped to 55 percent. Here's a chart comparing the two polls:

Image: Chart comparing November 2017 poll and February 2018 poll. (Source: Axios)

As you can see in the poll comparison, concern by folks on both sides of the political aisle have risen. Most notably, the jump in numbers of concerned Independents. That number rose 20 percent, from 37 to 57 percent.

People seem to think that technology companies are not doing enough to tighten security on their platforms that would stop election interference. But are more regulations the answer? Business insiders typically are against regulations, saying they only slow down growth and opportunity. We'll have to see how this plays out.

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