House lawmakers introduce Big Tech bills that could break up Amazon, Google and others [CNN]
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Source: CNN
(CNN Business) The bipartisan legislation marks Congress's most significant push to date to rein in Silicon Valley, in some cases taking direct aim at tech giants' underlying business models. If successful, the legislation could force Google to stop promoting YouTube in its search results, or prohibit Amazon from selling products on its marketplace that compete directly with third-party seller listings. Apple could be required to relax its restrictions on iOS app developers, and Facebook could be banned from acquiring nascent companies for the purpose of stifling future rivals. The most aggressive of the five bills, which addresses concerns about tech giants using their control over multiple business lines to favor their own products or to suppress rivals, opens the door to breakups of the companies if they don't comply. "For example, a search engine could not own a video service that it has incentives to favor in search results," according to press material provided
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