By John Eggerton, Multichannel News, 2-4-21

Sen. Amy Klobuchar (D-Minn.) is introducing a new, Big Tech-targeted, antitrust bill that would block anticompetitive mergers, toughen antitrust enforcement, and seek civil fines and forfeitures.

Talking about the bill on CNBC Thursday (Feb. 4), Klobuchar, incoming head of the Senate Antitrust Subcommittee, said the GameStop/Reddit stock manipulation story was another example of the enormous power of Big Tech platforms and she was glad it was being looked into.

She said for too long, Big Tech has pushed against any rules of the road, saying “just trust us,” but that that hasn’t worked for people who have had their personal information “spit out all over the place” or for victims of misinformation. She said there also needed to be some rules of the road for privacy, which if past is prologue is much easier said than done.  » Read More