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A duo of senators have introduced a bipartisan bill that would limit Big Tech’s ability to buy other companies. Big Tech companies such as Amazon and Facebook have been accused of engaging in anti-competitive behavior by buying out their competition.
Related : Despite antitrust scrutiny, Big Tech acquisitions are at an all time high
On Friday, the office of Democrat Sen. Amy Klobuchar, who heads the antitrust subcommittee of the Senate Judiciary Committee, said that together with Republican Sen. Tom Cotton, they had introduced a bill targeting Big Tech’s ability to make acquisitions. We obtained a copy of the bill for you here . The bill would give the government the power to stop acquisitions by large companies if a court rules that the acquisition is bad for competition.“We’re increasingly seeing […]
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