Five antitrust laws proposed in the United States aim to aggressively rein in the market power of “big tech” companies and change the way they do business.
The set of bills, introduced on June 11, targets the enormous economic power wielded by the likes of Amazon, Apple, Facebook and Google (owned by parent company Alphabet).
The expansive proposals range from breaking up different businesses run by big tech, to more effectively preventing mergers known as “killer acquisitions,” in which big tech companies buy up rivals to stamp out threats to their market power. ...
Even if only some of the proposals are passed as law, they will likely have significant consequences for the way big tech does business globally.