House Judiciary advances sweeping legislation to rein in and break up Big Tech
(CNN Business)A powerful House panel on Thursday approved a sweeping set of proposals aimed at weakening Big Tech. It passed a series of measures imposing new obligations on top digital platforms, prohibiting them from abusing any gatekeeper power, and in some cases opening the door to new fines and breakups.
(CNN Business)A powerful House panel on Thursday approved a sweeping set of proposals aimed at weakening Big Tech. It passed a series of measures imposing new obligations on top digital platforms, prohibiting them from abusing any gatekeeper power, and in some cases opening the door to new fines and breakups.In a marathon two-day session stretching across nearly 29 hours, lawmakers on the Judiciary Committee sent six bills to the House floor that would represent the most significant change to US antitrust law in decades.The toughest bills outlaw what committee members have alleged are the most blatantly anti-competitive tactics practiced by Big Tech. Under those proposals, Amazon (AMZN ) would be barred from owning the same e-commerce p
(CNN Business)A powerful House panel on Thursday approved a sweeping set of proposals aimed at weakening Big Tech. It passed a series of measures imposing new obligations on top digital platforms, prohibiting them from abusing any gatekeeper power, and in some cases opening the door to new fines and breakups.
