US Government Introduces Legislation To Take On Big Tech

US House representatives have unveiled the Ending Platform Monopolies Act today with Rep. David Cicilline (D-RI) sharing a statement that I found in The Verge that aims to take big tech down a peg or two:

“Right now, 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,” Rep. David Cicilline (D-RI) said in a statement Friday. “Our agenda will level the playing field and ensure the wealthiest, most powerful tech monopolies play by the same rules as the rest of us.”

If eventually passed in the House and Senate, that could usher in the regulation of Apple, Amazon, Facebook, and Google to ensure that they don’t have too much power. I am not sure that this is a great thing to do. But I guess we will see how this plays out.

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