economy innovations

House Lawmakers Slam Big Tech From All Sides With Five Bills; Say Apple, Amazon, Facebook, Google “Prioritize Power Over Innovation”

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deadline.com

House lawmakers today announced sweeping bipartisan legislation aimed at big tech that if passed, they said, would “expand opportunities for consumers, workers, and small business owners.”Sentiment against the massive sway of these companies, among the biggest and most influential in the world, has sparked state and federal lawsuits, antitrust probes and legislation in the Senate as well.

Lawmakers say tech giants are acting as unregulated monopolies engaged in anti-competitive conduct.“Right now, unregulated tech monopolies have too much power over our economy.

They are in a unique position to pick winners and losers, destroy small businesses, raise prices on consumers, and put folks out of work.

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