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- O n the surface, the fight to rein in Big Tech appears to be building toward success in Washington. A bipartisan bill to curb the power of dominant tech platforms like Facebook, Google, Apple, and Amazon is poised to pass Congress, one of the bill’s chief sponsors, Rep. Ken Buck, tells TIME.
time.com › 6168761 › congress-big-tech-monopoly-antitrustCongress Wants to Pass Big Tech Reform, But Obstacles ... - TIME
Apr 20, 2022 · O n the surface, the fight to rein in Big Tech appears to be building toward success in Washington. A bipartisan bill to curb the power of dominant tech platforms like Facebook,...
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- Breaking Them Up
- Crossing Over
- No More Favoritism
- Hard to Merge
- Dialed Up Enforcement
The legislation would bar the four companies from owning a dominant platform at the same time they own another line of business if having both creates a conflict of interest. That means they could be forced to sell off businesses in which their market dominance enables them to favor their own services or squash competitors. Because the tech giants ...
Lawmakers propose enabling users on dominant platforms to communicate directly with those on rival services. It could make it easier for different companies to use products together, with the aim of helping startups and smaller companies. People would also be able to carry their personal data — photos, videos and all — from one service to another. ...
The legislation would prohibit the tech giants from favoring their own products and services over competitors on their platforms. An example: Some independent merchants who sell products on Amazon.com have complained to lawmakers about the e-commerce giant’s practices, such as contract provisions and policies said to prevent sellers from offering t...
Lawmakers want to make it tougher for giant tech companies to snap up competitors in mergers, which they have completed by the hundreds in recent years, waved through by antitrust enforcers in both Republican and Democratic administrations. Acquisitions that would eliminate competitors or potential competitors, or expand or entrench the market powe...
Lastly, the legislation would give the Federal Trade Commission more money, and states more power, to enforce the antitrust laws against companies. It would increase FTC filing fees for any proposed tech mergers worth over $500 million and cut the fees for those below that level. Many state attorneys general have pursued antitrust cases against Big...
Oct 16, 2021 · A new bipartisan Senate bill likely to be introduced early next week would make it illegal for big tech companies like Facebook, Amazon, Apple and Google to promote their own products and services...
Mar 22, 2024 · Rein in the power of big tech. President Joe Biden has made no secret of his concern about the power of Big Tech firms, especially when it involves risks to consumers or small businesses.
- Max Zahn
- 5 min
Its campus is dubbed Everywhere; those within it control the world and its wealth. Those outside—well, they’re Nowhere, either mindlessly connected to technology or fruitlessly trying to fight it.
Jan 22, 2021 · Efforts to rein in the tech industry gained momentum over the past few years, with the House of Representatives, Department of Justice, federal regulatory agencies, and several states launching...
Jun 13, 2022 · WASHINGTON, June 13 (Reuters) - Dozens of companies and business organizations sent a letter to U.S. Congress members on Monday, urging them to support a bill that would rein in the biggest tech...
