Washington Monthly editor: Silicon Valley went from an 'industry with no enemies to an industry with no friends'

Washington Monthly Executive Editor Gilad Edelman said the perception of Silicon Valley has shifted dramatically among Democrats and Republicans since the 2016 presidential election.

Edelman told Hill.TV that the industry was relatively insulated from criticism and viewed favorably by both parties until President TrumpDonald John TrumpFive takeaways from the Democratic debate As Buttigieg rises, Biden is still the target Leading Democrats largely pull punches at debate MORE's surprise victory over Hillary ClintonHillary Diane Rodham ClintonAs Buttigieg rises, Biden is still the target Harris rips Gabbard over Fox appearances during Obama years Steyer, Gabbard and Yang shut out of early minutes of Democratic debate MORE, saying his win "really scrambled a lot these beliefs and intuitions." 

"Silicon Valley seems to have gone from an industry with no enemies to an industry with no friends," Edelman said during an interview on “Rising.”

“Democrats realized that whatever the CEOs of Google or Facebook might think, these platforms seems to have facilitated Donald Trump’s election,” he added. “On the right, the fact that Trump could get elected while breaking from some pretty serious orthodoxies — at least superficially on economic matters — meant that maybe there was more room to criticize corporate business practices than conservatives had previously thought.” 

Republicans and Democrats have ramped up investigations into tech giants in Silicon Valley in recent months as the industry faces renewed scrutiny. 

A coalition of eight attorneys general launched an investigation last week into Facebook over potential antitrust violations.

The bipartisan group is looking into Facebook’s dominance in social media and whether it engaged in any “anticompetitive conduct.”

The moves comes just a month after the social media giant agreed to pay a record $5 billion as part of its settlement with the Federal Trade Commission (FTC) over privacy violations.

—Tess Bonn