Top US antitrust lawmaker targets Big Tech with new bills: Sources

Lawmakers in the House of Representatives are working on drafts of five antitrust bills, four of them aimed directly at reining in Big Tech, and may introduce them within days, according to three sources familiar with the matter.
Reuters has read discussion drafts of five measures. Sources familiar with the process say they may be changed before they are introduced. They may be introduced this week but that may be delayed, two sources said.
Among the five bills being considered, two address the problems of platforms, like Amazon.com, creating a space for businesses to sell products and then competing against those products.
One of the two would make it illegal in most cases for a platform to advantage its own products on its platform with potentially a fine of 30% of the U.S. revenues of the affected business if they violate the measure. A second requires platforms to sell any business if owning it creates an incentive for the platform to advantage its own products or lines of business.
A third bill would require a platform to refrain from any merger unless it can show the acquired company does not compete with any product or service the platform is in.
A fourth would require platforms to set up a way for users to transfer data if they desire, including to a competing business. A fifth is similar to a Senate measure that would raise what the Justice Department and Federal Trade Commission (FTC) charge to assess the biggest companies to ensure their mergers are legal and increase the budget of the agencies.
The House Judiciary Committee’s antitrust panel wrote a report that was issued in October 2020 that spelled out abuses by four big technology companies, Alphabet Inc’s Google, Apple Inc, Amazon.com and Facebook. The report — which was scathing — suggested expansive changes to antitrust law.


Japan travel news, japan travel guides, japan holiday destinations and japan reviews

LATEST NEWS

NEWS RELATED

Tokyo vows at G-7 to cut off overseas coal financing this year

TOKYO — Japanese Prime Minister Yoshihide Suga has committed to ending government support this year for overseas coal power projects led by domestic companies without offsets, bringing his country in line with Group of Seven peers in their stance against the fossil fuel. Suga’s promise Sunday at the G-7 summit…

Read more: Tokyo vows at G-7 to cut off overseas coal financing this year

COVID gives Japan 'last chance' to reverse digital defeat

TOKYO — Each day, dozens of residents in Tokyo’s Setagaya district visit an office to sign up for a My Number identification card. Officials take each visitor’s photo, make copies of their existing ID documents and ask them to write down four passwords. The information gets sent back to the…

Read more: COVID gives Japan 'last chance' to reverse digital defeat

Shoppers in Singapore tend to reuse log-in details, passwords: IBM study

Photo illustration of ATM and credit card scam. SINGAPORE – Cyber hygiene was not top of mind, even as more Singapore consumers went online amid the Covid-19 pandemic, a study has found. On average, consumers here created 10 new online accounts, for services such as food deliveries, shopping, healthcare and…

Read more: Shoppers in Singapore tend to reuse log-in details, passwords: IBM study

Windows 11 rumors flare anew with Windows 10 'retirement' set for 2025

October, 2025, will be the end of the line for Windows 10.

Read more: Windows 11 rumors flare anew with Windows 10 'retirement' set for 2025

Gamer nations: Apps cash in on country-sized player populations

TOKYO — More than 10 video game titles boast at least 100 million users worldwide, opening up lucrative secondary markets for in-game purchases that are larger than most nations. E3, one of the world’s biggest gaming conferences hosted in the U.S., opened this weekend as a virtual event after cancelling…

Read more: Gamer nations: Apps cash in on country-sized player populations

Japan to probe Apple, Google in antitrust discussions

Tokyo, Apple is set to face more scrutiny of its business practices as the Japanese government is said to be preparing another antitrust probe into both tech giants Apple and Google, the media reported.According to AppleInsider, Apple has been the subject of multiple antitrust probes alongside other tech giants, including…

Read more: Japan to probe Apple, Google in antitrust discussions

Nigeria's Twitter ban leaves some businesses in the lurch

LAGOS: Lagos-based entrepreneur Ogechi Egemonu was selling more than 500,000 naira ($1,219) worth of watches, shoes and handbags on Twitter per week. Now, with the site suspended by the Nigerian government, Egemonu does not know how she will cope. “Social media is where I eat,” she told Reuters. “I depend…

Read more: Nigeria's Twitter ban leaves some businesses in the lurch

Google opens up Workspace to consumers, announces new Spaces chat

Spaces looks a lot like, well, Teams and Slack.

Read more: Google opens up Workspace to consumers, announces new Spaces chat

Apple takes on AirPods Pro with $150 Beats Studio Buds noise-canceling earbuds

Video game fest E3 shows off Starfield, Elden Ring teasers

Social audio is set to have its YouTube moment, Clubhouse founders say

US Supreme Court revives LinkedIn bid to shield personal data

Japan vows at G-7 to cut off overseas coal financing this year

Convosight raises $9 million in funding from Qualgro, others

Covid-19 vaccine: C-CAMP partners Hitachi ABB for cold chain solutions

Global captives expected to ramp up hiring in small towns

OTHER NEWS