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House lawmakers introduce Big Tech bills that could break up Amazon, Google and others

June 11, 2021. Summarized by summa-bot.

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Tech giants including Amazon, Apple, Facebook and Google could be forced to make sweeping changes to their businesses under a series of new bills introduced Friday by House lawmakers targeting the companies' economic dominance.

(CNN Business)Tech giants including Amazon, Apple, Facebook and Google could be forced to make sweeping changes to their businesses under a series of new bills introduced Friday by House lawmakers targeting the companies' economic dominance.

The most aggressive of the five bills, which addresses concerns about tech giants using their control over multiple business lines to favor their own products or to suppress rivals, opens the door to breakups of the companies if they don't comply.

Roku, the streaming device maker that competes with several of the largest tech companies, said Friday that an "aggressive set of reforms is needed to prevent a future where these monopolists further abuse consumer choice and hamper access to innovative and independent products. "

"This legislation breaks up Big Tech's monopoly power to control what Americans see and say online, and fosters an online market that encourages innovation and provides American small businesses with a fair playing field. "

by summa-bot

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