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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?
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
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
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
.@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
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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
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