August 4, 2021

Target with Amazon, Apple, Facebook, Google 5 antitrust bill

U.S. lawmakers on Friday unveiled a broader distrust agenda, which aims to use the competitive power of giants such as Amazon, Apple, Facebook and Google. Five bipartisan bills, the result of more than a year of investigative competition in the digital marketplace, have led lawyers to be called “driven by regulated power” by Big Tech.

The bills are aimed at four tech titans that collectively affect almost every aspect of online life as well as the wider industry. When the law is finally passed, the bills prevent the government from dismantling influential agencies and sparking competition through primitive acquisitions.

Rep. David N., a Democrat from Rhode Island and chairman of the House Antitrust Subcommittee. Sicilin said the slate of bills would “level the playing field” and ensure that technology companies were subject to the same rules.

“Right now, uncontrolled technology monopolies have a lot more power in our economy,” Sicily said in a press release. “They are in a unique position to pick winners and losers, destroy small businesses, raise prices on customers and keep people away from work.”

Facebook and Google declined to comment. Apple and Amazon did not respond to requests for comment.

The huge market power of these firms, which together represent a value in excess of trillions of dollars, has amazed those fundamental principles of American incredible law governed for a generation. Lawmakers have become increasingly concerned about the behavior of the industry and have threatened to address it. An unprecedented public interrogation of one of Big Tech’s most visible leaders was held in July for a six-hour hearing before the Sicilian committee of chief executives of the four companies.

Silicon Valley supporters have enjoyed the immediate argument of Apple, Amazon, Facebook and Google that customers often offer unprecedented innovation and precise technological benefits at low cost. Critics of Big Tech have criticized the industry’s extraordinary market power for hurting workers, suppressing small competitors, and spending on customers in ways other than money.

The legal agendas on Friday will include bills, according to lawyers:

Avoid discrimination through influential platforms – such as Apple’s App Store, Google Play Store or Amazon’s All Marketplace – to refrain from making their own choices or “picking winners and losers online.”
Forbidden acquisitions designed to deter competitive threats, or to expand or constrain the market power of online platforms.
Restrict influential platforms from controlling multiple types of businesses to give themselves unfair advantage and disadvantage.
Promote more online competition by reducing barriers to entry and reducing costs when businesses and customers want to approach a new supplier.
Update filing fees for firms, the first increase in two decades, provides funding for both the Department of Justice and the Federal Trade Commission to take the necessary no-confidence measures.
The Bills have been fighting between Silicon Valley and Washington for years.

All four tech giants face incredible battles. Google aims to sue three major nonprofits, including a landmark lawsuit filed by the U.S. Department of Justice and another allegation of bipartisan alliance of states. Facebook is facing lawsuits from the Federal Trade Commission and a group of state attorney generals. Amazon has been sued by lawyers in Washington, DC for pricing. Apple and Google have sued the maker of the popular game Fortnight for their App Store policies.

Sicilian led the charge in the House. The July hearing marks the end of a year-long investigation by its subcommittee into market dominance by its technologists. At the time, the subcommittee collected more than 1.3 million documents from technology companies, their competitors and unreliable enforcement agencies. Following the hearing, the subcommittee released a 449-page report alleging “abuse of monopoly power” by four agencies.

The sizes of the companies are amazing.
Facebook, the world’s largest social network, has a user base The two most populous countries in the world – China and India – combined almost equal with Amazon controlling 38% of online sales in the United States, but its nearest competitor Walmart is only 6% ashamed. (Amazon also collects data from other retailers using its huge platform)) Apple’s App Store is a powerful gateway for software developers to find listeners with a huge iPhone and iPad customer base. Google does about 90% of all web searches worldwide.

The legal package is a “huge step” to hold influential technology companies accountable for their unchecked abuse of power, said Robert Weissman, president of consumer advocacy group Public Citizen. “Big Tech has to see what it’s for: Congress has sent a clear message that the party is finally over for them,” he said in a statement.

Smaller competitors have praised the move.

Roku Billetti, who is currently in cahoots with Google over an agreement to host the YouTube TV app on its streaming device, called it an important step in curbing predatory behavior. “Roku has experience in competing and interacting with these monopolists,” the agency said in a statement. “We’ve seen how they ignore the no-confidence law by rejecting it and harming them by increasing their dominance in one line of business to prevent another competition.”

Spotify, a vocal critic of Apple’s operations on its App Store, called the proposals “clear signs that the pace has shifted” and said “sincere competition practices have not been checked as a threat to long-term competition and innovation.”

Proponents and representatives of the technology industry, however, warned that these bills could undermine U.S. economic leadership around the world and impede consumers’ access to free digital services.

“House bills will make the government responsible for the industry,” Matthew Schroers, president of the Technology and Commerce Group Computer and Communications Industry Association, said in a statement. “They disregard the policies governing the U.S. market economy and prevent successful technology companies from providing products and services that improve their lives.”

The ranking member of the committee is the Colorado Republican Rep. Ken Buck suggested in a statement the day before that the industry’s position would garner little sympathy in Washington.

“Big Tech has abused its dominance in the marketplace to crush competitors, to censor speeches, and to control how we see and understand the world,” Buck said. “Doing nothing is not an option, we should act now.”

Source: cnet.com