“I come to praise the titans of tech, not bury them,” “Mad Money” host Jim Cramer said as Big Tech chief executives testified in front of a congressional subcommittee.
CNBC’s Jim Cramer on Wednesday bemoaned the congressional hearing on antitrust claims in Big Tech, arguing that the companies included in the event should be considered America’s “national champions” in a globalized world.
Another company in Microsoft, which was not summoned in the hearing, can also be considered among the prized group, he said.
“I come to praise the titans of tech, not bury them,” the “Mad Money” host said, in an effort to “reframe” the discussion after the chief executives of Facebook, Amazon, Apple and Alphabet’s Google testified Wednesday afternoon in front of a House Judiciary subcommittee.
These companies are the “best things the American economy has going for it” and the hearings “feel more like an opportunity to rake the ultra-rich over the coals,” he said.
