Lawmakers Take Aim at Big Tech With Overhaul of Antitrust

Lawmakers Take Aim at Big Tech With Overhaul of Antitrust

Lawmakers Take Aim at Big Tech, With Overhaul of Antitrust.br On June 11, lawmakers in the House br introduced new antitrust legislation br aimed at keeping Big Tech's power in check. .br 'The New York Times' called the br legislation the most ambitious br update to monopoly laws in decades.br The five new bills target Amazon, Apple, Facebook and Google.br and are specifically focused br on those companies' grip on br online commerce, information br and entertainment. .br According to 'The New York Times,' the legislation br would help prevent businesses that use their br dominance in one area to get a stronghold in another.br It would also impede the acquisitions br of rival start-ups and empower regulators br responsible for policing these companies.br Right now, unregulated tech br monopolies have too much power br over our economy. They are in a br unique position to pick winners and losers, destroy small businesses, ... , Representative David Cicilline, Democrat of Rhode Island and chairman of the antitrust subcommittee, via statement.br ... raise prices on consumers and br put folks out of work. Our agenda will br level the playing field and ensure br the wealthiest, most powerful br tech monopolies play by the br same rules as the rest of us, Representative David Cicilline, Democrat of Rhode Island and chairman of the antitrust subcommittee, via statement.br 'The New York Times' reports that br Amazon, Apple, Facebook and Google br are worth approximately $6.3 trillion.


User: Wibbitz Top Stories

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Uploaded: 2021-06-11

Duration: 01:30

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