Why Google and Facebook folded on sex-trafficking bill
Silicon Valley folded in a fight over a major anti-trafficking bill after months of mounting pressure from both political parties. The industry forged a compromise with senators that, while better for tech than the original proposal, amounts to the first major legislative defeat for tech giants Google and Facebook.
Why it matters: Online platform companies initially dug in their heals when lawmakers first approached them about the proposal. The fact that they were forced to make a compromise signals a big change for Big Tech, which has enjoyed immense political power in Washington during the past decade but now faces significant new pressures on several fronts.