Its among the rarest things on Earth.

An issue that both major US political parties can agree on: Big Tech should be regulated.

Fearful of what sweeping rule changes might bring, over a dozen medium-sized tech companies are looking to form their own lobbying coalition, The Information reports.

Part of the 1996 Communications Decency Act, Section 230 has shielded internet companies from liability for what users say or post on their platforms.

Just last week, the Senate grilled the CEOs of Alphabet, Facebook, and Twitter (as well as Jack Dorseys beard) on their recent handling of various political posts being shared across their platforms.

Facebooks Mark Zuckerberg was particularly keen to update Section 230, which would force many companies to devote more resources to speech moderation.

until you realize that Facebook spent more on safety and security ($3.7B) in 2019 than Twitters entire 2019 revenue ($3.5B).

Now Medium Tech firms like Patreon, Nextdoor, Glassdoor, Etsy, Cloudflare, Reddit, Pinterest, Dropbox and, errr, Medium want to have a say in the legislation.

Regardless of how his election cycle shakes out or if Medium Tech catches on as a phrase (you heard it here first) its probably a smart move for them.

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The government is going after Big Tech and Medium Tech is bracing for impact - The Hustle