From CNBC’s “Democrats circulate draft antitrust bills that could reshape Apple, Amazon, Facebook and Google” posted Wednesday evening:
A group of House Democrats is circulating discussion drafts of antitrust bills that would force the biggest tech companies to change parts of their business models and curtail large acquisitions, according to copies obtained by CNBC.
While the drafts could still change significantly prior to their introduction, as currently written, they could require business model overhauls for Apple and Amazon by limiting their ability to operate marketplaces for products and apps while selling their own goods and apps on those same stores…
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- Platform Anti-Monopoly Act: This bill, proposed by Subcommittee Chairman David Cicilline, D-R.I., would prohibit dominant platforms from giving their own products and services advantages over those of competitors on the platform. It would also prohibit other types of discriminatory behavior by dominant platforms, like cutting off a competitor that uses the platform from services offered by the platform itself, and ban dominant platforms from using data collected on their services that isn’t public to others to fuel their own competing products, among several other prohibitions.
My take: As predicted.
The other two mentioned provisions, ‘no favored position’ and ‘no use of data for competing products’, seem to be reasonable to me.
The no favored status and data collection seems very reasonable.
Note: I disagree with the train analogy but this is what Epic is trying to accomplish.
He’s the USA’s version of Margrethe Vestager. Another bowling ball politician masquerading as a razor blade.
Vestager, on the other hand, just pulls policies from her body and then tries to enforce them, acting as both legislature and executive. Thankfully the EU has at least some notion of independent judiciary.
I believe he was more comparing the person, not the process. The point being, both persons have similar views regarding monopolies and antitrust issues. Luckily, for us in the US, the processes are much different, as you pointed out, in how they carry out their proposals.
These are discussion drafts. There is lots of messy legislative sausage making that must go on before the final product is delivered.
Back then a startup’s exit plan was to be bought by MSFT.
Politicians wasting time grandstandng instead of doing what needs to be done in our country.