By John Eggerton, Multichannel News, 2-25-21
The head of the House Judiciary Antitrust Subcommittee made it clear at its hearing Thursday on Big Tech “gatekeeper” platforms and antitrust that it was the launch of a congressional effort to reign in the largest platforms. “Mark my words: Change is coming, laws are coming,” said Subcommittee Chairman David Cicciline (D-R.I.).
In his opening statement, Cicciline said that without competition, Facebook and other dominant platforms have no incentive to change. He called that problem a “‘cancer’ that is metastasizing across our economy and our country.”
He said Americans “have had enough” and that Republicans and Democrats agree, overwhelmingly, that Big Tech companies have too much power and that Congress must curb that. “Today’s hearing begins the process of doing just that,” he said. » Read More