Two of the bills address the issue of giant companies, such as Amazon.com Inc and Alphabet Inc’s Google, creating a platform for other businesses and then competing against those same businesses.
Lawmakers in the U.S. House of Representatives introduced four bills on Friday aimed at reining in the power of the tech giants in what one congressional aide described as a revolution in antitrust.
Two of the bills address the issue of giant companies, such as Amazon.com Inc and Alphabet Inc’s Google, creating a platform for other businesses and then competing against those same businesses.
One measure bans platforms from owning subsidiaries that operate on their platform if those subsidiaries compete with other businesses – potentially forcing the Big Tech firms to sell assets.
“From Amazon and Facebook to Google and Apple , it is clear that these unregulated tech giants have become too big to care and too powerful to ever put people over profits,” said U.S. Representative…