Skip to main content

President Biden aims to curb Big Tech's dominance with new executive order

The order will make it much more difficult for tech giants such as Google to acquire smaller competitors.

What you need to know

  • President Joe Biden is expected to sign a sweeping executive order later today, targeting Big Tech's anticompetitive practices.
  • The order will call on regulators to examine large mergers and acquisitions more closely.
  • It will also encourage the FTC to create rules on the accumulation of data and surveillance by Big Tech platforms.

President Joe Biden will sign a new executive order on "promoting competition in the American economy" later today. The order aims to address the lack of competition in Big Tech, financial services, healthcare, and several other sectors.

According to a fact sheet released by the White House on Friday morning, the sweeping order includes a total of 72 initiatives by over a dozen federal agencies to "tackle some of the most pressing competition problems."

The order says leading tech platforms have acquired hundreds of small companies in the last decade to "shut down" competitors. It calls for greater scrutiny of mergers and acquisitions, especially those involving nascent competitors. It also raises concerns about Big Tech platforms accumulating too much personal information from users. In the order, the President encourages the FTC to formulate new rules on surveillance and the accumulation of data by Big Tech.

Additionally, the order could bring an end to the unfair advantage that Big Tech platforms have over small businesses. The FTC has been asked to establish rules that would bar unfair methods of competition on internet marketplaces. These rules would directly affect companies like Google and Facebook.

The Biden administration has also argued that phone manufacturers make repairs more expensive and time-consuming by restricting independent repair shops and DIY repairs. They do this by placing restrictions on the distribution of parts, diagnostics, and repair tools. The FTC has been encouraged to issue rules against these anticompetitive restrictions, which should make it a lot easier to repair the best Android phones and other mobile devices.

The news comes just days after a coalition of 37 state attorney generals filed an antitrust lawsuit against Google over anticompetitive practices on the Play Store. It alleges that Google favors its own apps over third-party apps and discourages third-party app stores on its platform.



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,