The tech industry’s top European adversary called Monday for greater cooperation among democracies as regulators race to check the power of Silicon Valley titans.
When the nation’s antitrust laws were created more than a century ago, they were aimed at taking on industries such as Big Oil.
U.S. House lawmakers on Wednesday began the process of considering a legislative package that would overhaul the nation’s antitrust laws in an attempt to rein in the power of Amazon, Apple, Facebook and Google.
Executives, lobbyists, and more than a dozen groups paid by Big Tech have tried to head off bipartisan support for six bills meant to undo the dominance of Amazon, Apple, Facebook and Google.
House lawmakers on Friday introduced sweeping antitrust legislation aimed at restraining the power of Big Tech and staving off corporate consolidation across the economy, in what would be the most ambitious update to monopoly laws in decades.
Never before have so many countries, including China, moved with such vigor at the same time to limit the power of a single industry.
China fined the internet giant Alibaba a record $2.8 billion this month for anticompetitive practices, ordered an overhaul of its sister financial company and warned other technology firms to obey Beijing’s rules.
A new regulator aiming to curb the dominance of tech giants has started work in the UK.
The Digital Markets Unit (DMU) will first look to create new codes of conduct for companies such as Facebook and Google and their relationship with content providers and advertisers.
The last time Senator Amy Klobuchar, the Minnesota Democrat, sat in the majority, her party was fawning over Silicon Valley. Lawmakers praised the ingenuity of Facebook and Amazon, while President Barack Obama and regulators fought alongside Google and Twitter to protect the growth of internet businesses.
Epik, domain name registrar and webhost to some of the most unsavoury right-wing platforms including a YouTube-clone that “chortles at the idea of slaughtering and then eating black infants”, and which has a documented history of working with websites that traffic in hate, according to the Southern Poverty Law Center, has given Parler a home after it left or was kicked off its previous registrar and its webhost booted it.
Big tech companies face hefty fines in the European Union and Britain if they treat rivals unfairly or fail to protect users on their platforms, in proposed regulations unveiled Tuesday by officials in Brussels and London.