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...
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