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NEW: House lawmakers have put out a massive, bipartisan package to curb Big Tech's power
— Makena Kelly (@kellymakena) June 11, 2021
More here: https://t.co/aTxga9jCoE
Among the most significant of these is a bill banning tech giants from competing on the same platforms they own.
— Brian Fung (@b_fung) June 11, 2021
Where this creates an "irreconcilable conflict of interest," the lawmakers say, platforms should have to spin off some assets.
So what does this mean in practice?
And here is the text of the bill. Also doesn't define what an "online platform" is. Does that include all SaaS companies with 100,000 business accounts? https://t.co/cwvbERr0y2
— Alex Stamos (@alexstamos) June 11, 2021
“Each of the bills has both Republicans and Democrats signed onto it, with more expected to join once they are announced, according to a person familiar with the matter.” https://t.co/Zmz234PEYb
— Jason Lemon (@JasonLemon) June 11, 2021
control-F Microsoft
— Jordan Novet (@jordannovet) June 11, 2021
0/0 https://t.co/Stm6r0r5xo
From Zuckerberg’s “Senator, we run ads,” to this: https://t.co/CFEe6MxB1M
— Hamza Shaban (@hshaban) June 11, 2021
Any meaningful antitrust reform would involve shoring up the oversight of monopolies securely lodged up the GOP colon (telecom comes quickly to mind) so please stop pretending this is going to ever happenhttps://t.co/Y6NyhXpK2n
— Karl Bode (@KarlBode) June 11, 2021
all 5 bills have bipartisan support. this is a BFD. https://t.co/enfCIzuhgb
— Jesse Lehrich (@JesseLehrich) June 11, 2021
Bipartisan antitrust bills out today could fundamentally change how Apple, Amazon, Google and Facebook operate, @ashleyrgold + me https://t.co/wspOsZQHxi
— Margaret Harding McGill (@margarethmcgill) June 11, 2021
I’m excited to lead this bipartisan effort with @davidcicilline to break up Big Tech’s monopoly power.https://t.co/7eRO2YJIU4
— Rep. Ken Buck (@RepKenBuck) June 11, 2021
House lawmakers are proposing legislation Friday that, if passed, could cause Amazon to have to spin off its private-label and devices businesses or split into two. W/ @ryanjtracy https://t.co/WMOPeluveX
— Dana Mattioli (@DanaMattioli) June 11, 2021
I spent the day reading the five big bills Democrats are planning to introduce to regulate Big Tech, and looked at them through the lens of which problems Congress wants to solve.
— Casey Newton (@CaseyNewton) June 11, 2021
There are some good ideas here! https://t.co/lmNSB2ir14 pic.twitter.com/9vTpB2lxlk
Big news out of Congress: House lawmakers have officially introduced five bipartisan bills that target the underlying business models of Silicon Valley giants and in some cases open the door to breakups.
— Brian Fung (@b_fung) June 11, 2021
This is so pertinent. How can a platform sell products,learn from the data of the sold products and customer behaviour & launch their own line,slowly weaning off competition because the platform owns the distribution. Tech giants need 2 embrace ethics & regulations to b tightened https://t.co/RB5mL53qml
— Dr Ritesh Malik (@drriteshmalik) June 11, 2021
This tidal wave of bipartisan anger has been building for over a year, and instead of doing anything to really lower the pressure, almost every big tech company has chosen to double down on platform fees and self-preferencing. A business school case study in the making
— nilay patel (@reckless) June 11, 2021
Much needed and important, but it'll die. Big Tech has too much power and wealth spread across the aisles and not enough lawmakers willing do the right thing. Still, glad it was introduced. https://t.co/L1yHz1tw7P
— Wajahat Ali (@WajahatAli) June 11, 2021
How is it pro-competition to ban Amazon, but not the brick and mortar retailers it competes with, from selling generic products?
— Patrick Hedger (@PatHedger18) June 11, 2021
In other news, the NFL is going to ban Tom Brady from wearing cleats. https://t.co/UdlNvpCf8N
This is a good rundown of the new tech regulation bills by @CaseyNewton. There are some good ideas here, but I think the anti-acquisition law is too broad. For ex: could have blocked Zoom's acquisition of Keybase, which brought E2EE and other security enhancements to millions. https://t.co/ovpD8QMQDX
— Alex Stamos (@alexstamos) June 11, 2021
Whoa. These anti-monopoly bills could shatter big tech & change the startup game:
— Josh Constine - SignalFire (@JoshConstine) June 11, 2021
-No acquiring competitors
-No favoring your own products
-No improving products with merchants/devs data
-Authority for DOJ to break up tech giants! https://t.co/Es32opf3UR
Congress is about to throw everything — EVERYTHING — at the tech giants.
— Alex Kantrowitz (@Kantrowitz) June 10, 2021
The five draft bills circulating around the House are the stuff of Big Tech detractors' dreams.
I got ahold of the bills and break them down in this week's @BigTechnology: https://t.co/R714VO0taB
Even USA gets it:
— Vijay Shekhar Sharma (@vijayshekhar) June 11, 2021
“It shall be unlawful for a covered platform operator to own or control a line of business, other than the covered platform, when the covered platform’s ownership or control of that line of business gives rise to an irreconcilable conflict of interest.”#Google https://t.co/HDaKJLeFu9
The revisionist history on this is hilarious.
— Austen (@Austen) June 11, 2021
Virtually everyone in the country (except Mark Zuckerberg) thought the Instagram acquisition was a stupid idea, and most mocked it openly.
Saying it shouldn’t have been allowed in retrospect… doesn’t solve much. https://t.co/pNllE2VtTn
There are tons of small acquisitions of companies with specific skillsets or features that can't get the impact they want, and large companies that want to improve existing products. This would decimate a key way talent and capital flow up and down the stack.
— Alex Stamos (@alexstamos) June 11, 2021
“Unregulated tech monopolies have too much power over our economy. They are in a unique position to pick winners and losers, destroy small businesses, raise prices on consumers and put folks out of work.” And their business model destroys our privacy.https://t.co/eh2YjGuKft
— Laurence Tribe (@tribelaw) June 11, 2021
NEW: Congress introduced bills today that would:
— Axios (@axios) June 11, 2021
• Force Apple to change how it runs its app store
• Break apart Amazon's control of its marketplace
• Stop Facebook and Google from buying smaller rivals https://t.co/iV848kc4oR
Amazon and other Big Tech companies could be forced to split their platforms and own-brand businesses under a House bill https://t.co/Df5KR2MmWr via @WSJ
— Azeem Azhar (@azeem) June 11, 2021
Lots of thoughts to sort out, but the main one is that the big tech companies should all take a really long pause and ask themselves why they didn’t just ease up the tiniest bit on world domination instead of careening into bipartisan regulatory efforts https://t.co/GYtHlREzB9
— nilay patel (@reckless) June 11, 2021
Proud to be leading this bipartisan effort to build #AStrongerOnlineEconomy with @RepKenBuck. https://t.co/EjXZdqiQbM
— David Cicilline (@davidcicilline) June 11, 2021
Lawmakers, Taking Aim at Big Tech, Push Sweeping Overhaul of Antitrust https://t.co/k4S810cTzt
— Jeffrey Levin (@jilevin) June 11, 2021
"Antitrust"
— Ms. Lonnie ??? (@Lon_S_J) June 11, 2021
Americans have been asking about it for years!
We have a long road ahead.
There's hope big tech will have competition some day.#ONEV1 #FreshVoicesRise https://t.co/WdivADBx7L
NEW: House Lawmakers, Taking Aim at Big Tech, Push Sweeping Overhaul of Antitrust https://t.co/QG4IUg001x
— Cecilia Kang 강 미선 (@ceciliakang) June 11, 2021
Much needed and important, but it'll die. Big Tech has too much power and wealth spread across the aisles and not enough lawmakers willing do the right thing. Still, glad it was introduced. https://t.co/L1yHz1tw7P
— Wajahat Ali (@WajahatAli) June 11, 2021
.@CharlottesWWWeb on #BigTech bills to @nytimes: “These are just the type of new laws we need to really address the problem of gatekeeper power by dominant digital platforms. Big tech firms have so many powerful tools to protect their monopolies." More --> https://t.co/kWMp0TOXWc
— Public Knowledge (@publicknowledge) June 11, 2021
Nothing on censorship though?
— ⚔️??Bad Kitty 真相 ? ?⚔️ (@pepesgrandma) June 11, 2021
U.S. House lawmakers introduce bipartisan bills to target Big Tech https://t.co/KttEA6K0XM
News. https://t.co/NbwhX2EqmS
— Rich Luchette (@richluchette) June 11, 2021
Diversity of ownership has long been a proxy for diversity of voices in communications policy. Will be interesting to see if divestitures or behavioral remedies are the smarter way to address 'big tech' marketplace defects #antitrust. Via @ceciliakang ↘️
— Colin Crowell (@ColinCrowell) June 12, 2021
https://t.co/26AYkDHJdG
Lawmakers, Taking Aim at Big Tech, Push Sweeping Overhaul of Antitrust https://t.co/ztw0vgih99
— Penelope Wang (@PennyWriter) June 11, 2021