June 13, 2021
1 min read

US lawmakers introduce bills to curb powers of big tech firms

The bills, which mainly target the four giants, would require dominant platforms to prove their acquisitions are lawful….reports Asian Lite News

A bipartisan group of lawmakers in the US House of Representatives on Friday introduced a package of bills aimed at curbing the power of tech giants.

The move comes amid growing criticism that tech firms such as Google, Apple, Facebook and Amazon, known collectively as GAFA, are undermining competition by taking advantage of their market dominance, reported NHK World.

In October last year, a House subcommittee released a report calling for stricter regulations on these firms, including the possibility of breaking them up.

https://www.youtube.com/watch?v=SsmoXLUHyeE

The bills, which mainly target the four giants, would require dominant platforms to prove their acquisitions are lawful. They would also prohibit them from giving preference to their own products.

One lawmaker said the four firms have become too big to care, and that the bipartisan bills would rein in monopolistic practices and restore fairness and competition.

US media outlets are reporting the legislation could force the tech giants to overhaul their business models.

ALSO READ: FBI to treat ransomware incidents as terror attacks

Previous Story

France backs India, asks G-7 to lift export curbs on vax materials

Next Story

Amol is busy with his own script

Latest from -Top News

Modi to Join ASEAN-India Summit Virtually

PM Modi called his Malaysian counterpart, Anwar Ibrahim, on Thursday and confirmed that he will attend the summit virtually…reports Asian Lite News Prime Minister Narendra Modi on Thursday said that he is
Go toTop

Don't Miss

Missing Indian student found dead in Ohio

Our deepest condolences to Mr Mohammed Arfath’s family, the Consulate

India a driving force of Quad, says US

Pierre said the Joe Biden administration will continue to build