Skip to main content

New antitrust bills signal big changes for Google, Amazon, Facebook, Apple

These new antitrust laws could mean drastic changes to how Big Tech operates.

What you need to know

  • U.S. House lawmakers introduced several new bills that target companies like Apple, Google, Facebook, and Amazon.
  • The new bills could weaken the dominance of Big Tech and make it harder to purchase other companies or engage in mergers.
  • The legislation aims to hold "unregulated Big Tech monopolies accountable for anti-competitive conduct."

U.S. lawmakers have introduced five new draft bills that take aim at the biggest names in tech, particularly Amazon, Apple, Facebook, and Google. The bills seek to weaken these companies' economic grip in the world.

Rep. David N. Cicilline introduced the new antitrust legislation, saying the goal is to level the playing field between the largest companies and everyone else. "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."

The five bills would represent the largest push from lawmakers to regulate the power of the Big Four, which have a combined net worth of roughly $2 trillion and even greater market capital.

One bill, the "Platform Competition and Opportunity Act," would make it harder for Big Tech companies to buy out their competition. This is something that companies like Facebook have been accused of, particularly as it pertains to WhatsApp and Instagram. The "Merger Filing Fee Modernization Act" also introduces the first update to merger filing fees in two decades, making it more expensive to file the appropriate paperwork.

Two of the bills, the "American Innovation and Choice Online Act" and the "Ending Platform Monopolies Act," will further limit the dominance of these companies by prohibiting them from giving their own products and services preferential treatment over competitors that rely on the same services, a move that would likely affect Amazon the most. Amazon was recently hit with an antitrust lawsuit that claims the company is not being fair to third-party retailers. The bills would make it illegal for companies to offer a "product or service that the covered platform requires a business user to purchase or utilize as a condition for access to the covered platform."

Lastly, the "Augmenting Compatibility and Competition by Enabling Service Switching (ACCESS) Act" will require companies to make it easier for businesses and consumers to switch platforms through increased interoperability.

The new legislation follows a 16-month investigation into how companies like Google and Facebook operate, finding that they all hold unfair monopolies. The bills are being introduced to give consumers more freedom of choice and signal major changes on the horizon for Big Tech, which are all being faced with new legislation in other regions like the EU, Australia, and India.

Google, whose software powers all of the best Android phones, is already dealing with pushback on its efforts to improve online privacy, due to fears that it will just strengthen the company's hold on the internet. The new legislation also comes just before Amazon's Prime Day later this month, which the company has touted as a big help for small businesses.

The bills must pass a vote in the House Judiciary Committee before being presented to the full House and eventually the Senate.



Source: androidcentral

Popular posts from this blog

Genshin Impact: When does Update 2.0 release in my region?

Best answer: Server maintenance for Genshin Impact Update 2.0 will begin at 6 a.m. China Standard Time on July 21 (6 p.m. ET / 3 p.m. PT on July 20). Maintenance is expected to last around five hours and will occur simultaneously for everyone. Does Genshin Impact server maintenance vary by region? Regardless of what time the server maintenance occurs, it will happen simultaneously for everyone. Server maintenance generally lasts around 5 or 6 hours, but given that Update 2.0 is the biggest one yet, it could potentially take even longer. Update 2.0 will release worldwide on July 20 or 21 depending on your time zone. What does Genshin Impact Update 2.0 include? There's a whole lot of content coming with Genshin Impact Update 2.0 . One of the biggest additions is the Inazuma region, which will be the first major region to be added to the game since its launch. It consists of six major islands with ports, mountains, shrines, villages, and more. With Inazuma also comes a new A

How to watch Love Island 2021: Live stream the new series online

Are you ready for another summer of love? A new group of hopefuls is set to descend on the Balearic Island of Majorca for the UK's most talked-about TV dating show. Watch every match-making moment with our Love Island 2021 live stream guide below, and watch the show no matter where in the world you are. After a coronavirus-enforced break from the screens last year, the show returns with Laura Whitmore back to host the romantic action and comedian Iain Stirling once again providing his wise-crackingly sarcastic voiceovers. There's £50,000 up for grabs for the reality show's winner, but that's likely to be some way down the pecking order of what's on the mind of the twenty-something contestants taking part. Viewers in the UK have been given an early glimpse of this season's hopefuls who include a teacher who has never been on a date before and the show's first physically disabled contestant. The last series to be broadcast from Mallorca was won in 201

There are many ways to copy and paste things from your Chromebook

It should come as no surprise that as time has passed everyone by, the best Chromebooks have progressed and become true productivity machines. And while there are a lot of awesome Chromebook tips and tricks that you won't find elsewhere, you'll likely want to know how to do some of the more basic tasks. One such task performed a plethora of times per day is simply copying and pasting text or other items from one place to another. So here's how you can copy and paste on a Chromebook. How to copy and paste with the touchscreen Locate the text that you wish to copy and paste. Double-tap the screen on the text that you wish to copy. Drag the highlight handles to highlight all of the text you want to copy. From the pop-up menu, tap Copy . Navigate to the area where you wish to paste the text. Tap and hold in the space where you wish to paste. Tap Paste from the menu that appears. Using the touchscreen on your Chromebook can be a bit finicky from time

Unmaze for Android is a stunning adventure through a sinister labyrinth

In a world of light and shadow, guide your loved ones through the maze before monstrosity overtakes them. Your little brother and your boyfriend have been missing for two days. Search parties and authorities aren't turning up any leads, and there's been a string of unsolved missing person cases in your town recently. Looking for answers, you find a strange blue crystal and some ominous notes about a lost civilization in your brother's room. And when you look into the crystal, you can see and hear your boyfriend?! This fascinating horror mystery setup is how Unmaze kicks off, and the plot only thickens from there. You play as Ariadne, a young woman trying to help recover her boyfriend, Theseus, and her younger brother, Asterion, from a mystical maze that she can only see through the crystal she found in Asterion's room. This phenomenal, weird title is definitely going in with the best Android games . Mechanically speaking, the gameplay in Unmaze is very simple,