U.S. bill to rein in Big Tech backed by dozens of small and big companies

  • 📰 YahooNews
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 59%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Democratic U.S. Senator Amy Klobuchar and lawmakers from both parties said they had the Senate votes needed to pass legislation that would prevent tech platforms, including Apple and Facebook, from favoring their own businesses.

WASHINGTON - Dozens of companies and business organizations sent a letter to U.S. Congress members on Monday, urging them to support a bill that would rein in the biggest tech companies such as Amazon.com and Alphabet's Google.

Companies supporting the measure, which include Yelp, Sonos, DuckDuckGo and Spotify, called it a "moderate and sensible bill aimed squarely at well-documented abuses by the very largest online platforms." Supporters urged lawmakers to pass the bill, saying it would modernize antitrust laws so smaller companies can compete.

"It's no surprise that Yelp and Spotify like the bill since it's designed to help them. But senators are telling us that they just aren't hearing their voters demanding changes to Amazon Basics and Google Maps," the pro-tech Chamber of Progress said in a statement.

 

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

 /  🏆 380. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

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

Dozens of companies, small business groups back U.S. bill to rein in Big TechDozens of companies and business organizations are sending a letter to U.S. senators on Monday to urge them to support a bill aimed at reining in the biggest tech companies, such as Amazon.com and Alphabet's Google.
Source: Reuters - 🏆 2. / 97 Read more »

The largest wind farm project in the US faces pushback from Big TechWarren Buffett's Berkeshire Hathaway Inc. wants to invest $3.9 billion to build the biggest renewable energy farm in the U.S. so far. Big Tech companies in the region are, however, opposed to it.
Source: IntEngineering - 🏆 287. / 63 Read more »