Busting Big Tech
Talk about a potential bombshell. A bipartisan group of House lawmakers proposed a raft of legislation on Friday to rein in Big Tech, including a bill that would make Amazon and other large companies effectively split into two companies or shed their private-label products. The Wall Street Journal reports that it could be the biggest Congressional broadside yet against technology companies – namely Google, Apple, Facebook and Amazon – whose enormous size and power have made them antitrust targets. One proposal, the “Ending Platform Monopolies Act,” would essentially break up Amazon and other big technology companies, or make deal-making impossible.
