Democrat, Republican lawmakers tussle over Big Tech breakup - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Democrats and Republicans are tussling over whether big tech should be broken up, according to a leaked GOP memo

written by Republican Rep. Ken Buck indicates some pushback from Republicans on the committee's draft recommendations.

According to Bloomberg, subcommittee chair Rep. David Cicilline compared the proposed legislation for splitting up the tech platforms to Glass-Steagall, the Depression-era law that separated investment banking from retail banking. "We agree that antitrust enforcement agencies need additional resources and tools to provide proper oversight," Buck wrote in the memo, per Politico.

In a statement to Politico, Buck said: "I agree ... that Big Tech has acted in an anticompetitive manner.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Yes

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside the fight to save Rent the Runway - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Someone should report on them dropping their unlimited plan in early 2021 only to offer a limit of 16 items per month at a $30-60 increase in monthly cost at that tier vs unlimited. They say it's because customers aren't interested in unlimited and yet they limit and charge more?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock picks to buy, cheap alternatives to big tech: Morgan Stanley - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Desert sub bunkers
Source: BusinessInsider - 🏆 729. / 51 Read more »

8 wearable tech companies Google could buy that aren't Fitbit - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Tech chiefs to testify on social media regulation - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. What do you expect them to say 'please ban our companies. Thanks, bye.'? Bullshit Insider social Media another word for Media run by a socialist run state. Only the views that they approve and censor all the rest. We call such media Facebook and Google I believe. ARTIST
Source: BusinessInsider - 🏆 729. / 51 Read more »