Senators propose antitrust bill aimed at Big Tech: ‘First step towards liberating the internet’
By Ryan Lovelace - The Washington Times - Thursday, March 30, 2023
A bipartisan coalition of 11 senators is kickstarting a new push for antitrust legislation aiming at Big Tech companies over concerns that they are amassing monopoly power in the digital advertising market.
The Senate antitrust panel’s Democratic leader, Sen. Amy Klobuchar of Minnesota, and its top Republican, Sen. Mike Lee of Utah, are leading the effort that takes aim at Facebook and Google.
Ms. Klobuchar said Thursday that Facebook and Google have dominated the digital ads marketplace at the expense of advertisers, publishers and consumers.
“It is past time for a transparent ad technology industry where the best interests of customers are prioritized and companies of all sizes are able to compete,” Ms. Klobuchar said in a statement. “This legislation will put rules in place to do just that, restoring and protecting competition in digital advertising to create a more even playing field that will promote fairness and innovation moving forward.”
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READ MORE: https://www.washingtontimes.com/news/2023/mar/30/senators-propose-antitrust-bill-aimed-big-tech-fir/
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