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“We have a serious competition problem,” Klobuchar said. “It’s hurting our families, our workers, our democracy.”
“It’s a basic conflict of interest,” says one small-biz advocate.
Government has the burden of proving an acquisition harmful. This bill would shift the challenge of disproving that to companies.
Silicon Valley lawmaker Ro Khanna on impeachment, Twitter and breaking up Big Tech.
The lawsuit said Google illegally leveraged its power in advertising to squash competitors and overcharge for its services.
Erik Gordon thinks we won’t see Facebook broken up and spun off into smaller separate companies.
European Union regulators have accused Amazon of violating antitrust regulations and distorting the market.
“I think Mr. Biden is less strident than Mr. Trump is. But Mr. Biden won’t lay off a lot.,” says Erik Gordon of the University of Michigan’s Ross School of Business.
The EU’s executive commission accuses Amazon of using data to gain an unfair advantage over merchants using its platform.
It could be an opening salvo ahead of other major government antitrust actions, given ongoing investigations of Apple, Amazon and Facebook.