Given that most of these politicians are owned by the billionaires, I expect whatever comes out would be some totally watered down BS that will be completely ineffective – and yet, enable the libertarians to claim that it is such a “draconian regulatory regime”.
So what’s new?!
Northeaster
2 years ago
I have issues with tech for liberty reasons, and would support this. However, we spend a ton of money for access to their data for our business, it’s invaluable. It would change the market for those of us who use them dramatically.
Casual_Observer
2 years ago
Oddly I saw this and think we are going to get an economic reset. If existing antitrust legislation were enforced, these companies could be broken up anyway. They are all double dealing by selling products and spying on competitors who sell products on the platform they own. It should be illegal for the platform operators to sell their own products on the platforms they own.
“Oddly I saw this and think we are going to get an economic reset.”
That is what Klaus Schwab is banking on. “Build Back Better” is the slogan of the World Economic Forum and is being used by Boris Johnson, Kevin Trudeau and Joe Biden. However, we don’t need to build back better, we just need governments to stop suppressing economies and let them grow again. We are being played by global elitists like Schwab, who want to control our lives.
Six000mileyear
2 years ago
1.) Huge secondary offering will take place before share holders sell.
2.) Market caps will fall below $600B
3.) Each company will split itself up, but make some cross marketing or exclusive deals to retain as much market control as possible.
Greggg
2 years ago
Congress is going to break up their biggest campaign contributors? OK.
KidHorn
2 years ago
The bill makes no sense. First off, of the 4, only Amazon sells products that compete with their own. And secondly, lots of companies sell their own brand products that compete with others. Wal-Mart has Members Mark, Costco has Kirkland, Sears has Kenmore, Best Buy has Insignia. The list is endless. Seems the bill is essentially once your market cap hits $600b, you need to be split up.
Floating it, however, is a good way for Congressmembers to increase their campaign receipts from those 4 companies.