Two of the bills address the issue of giant companies, such as Amazon.com Inc and Alphabet Inc’s Google, creating a platform for other businesses and then competing against those same businesses.
A bipartisan group of lawmakers in the U.S. House of Representatives introduced four bills on Friday aimed at reining in the power of the tech giants, with one potentially leading to their break-up. Two of the bills address the issue of giant companies, such as and Alphabet Inc’s, creating a platform for other businesses and then competing against those same businesses. One measure bans platforms from owning subsidiaries that operate on their platform if those subsidiaries compete with other businesses – potentially forcing the firms to sell assets. “From and Facebook to Google and, it is clear that these unregulated tech giants have become too big to care,” said U.
