Tech giants have skirted regulation because of how monopolies are defined by law. Democrats now want to rewrite those laws.
October 7, 2020 | technology | No Comments
- Now that House Democrats have completed a sweeping antitrust investigation into Facebook, Apple, Amazon, and Google, they’re prepared to introduce new laws to curb the tech giants’ power.
- The 449-page report published by the House Antitrust Subcommittee on Tuesday, as well as public statements by Democrats on the heels of the report, signal how they might go about changing the laws.
- Antitrust court decisions in recent decades have focused on consumer welfare, but Democrats say laws need to be updated given that many tech companies don’t charge consumers for their products and have wide-ranging impacts on workers and other businesses.
- Meanwhile, Republicans