US rolls out major bills to clip Big Tech’s wings
US lawmakers unveiled sweeping antitrust measures Friday aimed at tempering the dominance of Big Tech firms including Apple and Facebook, in what may be the most ambitious effort in decades to break corporate monopolies.
A bipartisan group of House members introduced five separate bills that propose changes so comprehensive they could reshape the largest US technology and entertainment companies and force an overhaul of their business practices.
In a bid to ward off corporate consolidation, the measures would make it harder for mega-companies like Amazon and Google to buy out smaller competitors, and facilitate the breakup of firms that use their dominant position in their core business to make deep inroads into another.