US lawmakers put Big Tech’s might in crosshairs of wide-ranging antitrust agenda – CNET
U.S. lawmakers unveiled a wide-ranging antitrust agenda Friday, aiming to rein in the competitive power of giants like Amazon, Apple, Facebook and Google. The five bipartisan bills are the result of more than a year investigating competition in the digital marketplace — and what lawmakers call the “unregulated power wielded” by Big Tech.
“Right now, unregulated tech monopolies have too much power over our economy. They are in a unique position to pick winners and losers, destroy small businesses, raise prices on consumers, and put folks out of work,” Rep. David N. Cicilline, a Democrat from Rhode Island and the chairman of the House Antitrust Subcommittee, said in a press release. “Our agenda will level the playing field and ensure the wealthiest, most powerful tech monopolies play by the same rules as the rest of us.”
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Representatives for Apple, Amazon and Facebook didn’t immediately respond to messages seeking comment. Google declined to comment.
This is a developing story; check back for updates.
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June 11, 2021 at 12:24PM