Sens. Klobuchar, Cotton Team on Big Tech Antitrust Bill
By John Eggerton, Multichannel News, 11-8-21
Sen. Amy Klobuchar (D-Minn.), chair of the Senate Antitrust Subcommittee and a self-described leading antitrust reformer, has teamed with Republican senator Tom Cotton of Arkansas to introduce yet another bill designed to rein in Big Tech.
The Platform Competition and Opportunity Act addresses one of Klobuchar’s longstanding concerns, which is that Big Tech got that way by buying up smaller potential competitors before they got big enough to raise antitrust red flags. Critics said that part of the motivation for innovative startups is coming up with a better mousetrap, then selling it to the Big Cheese for big bucks, so putting a damper on that would discourage innovators and the venture capitalists who love them. » Read More
By Richard T. Kaplar|2021-11-17T22:00:04-04:00November 8th, 2021|Issue Watch|Comments Off on Sens. Klobuchar, Cotton Team on Big Tech Antitrust Bill