Marketplace Tech
Marketplace Tech
Feb 11, 2021
New antitrust legislation would check the power of tech giants
Play • 10 min

Arguably, the biggest problem with Big Tech is, well, the bigness. A few giant companies gobble up their competition, own the digital advertising and web hosting markets, control the information ecosystem and sometimes control their own rivals’ distribution. So far, though, these worries haven’t led to regulation. Molly speaks with Sen. Amy Klobuchar, D-Minn., who leads the subcommittee on antitrust and has introduced a bill intended to check the power of tech giants. It focuses mostly on acquisitions, aimed at preventing huge companies from buying potential competitors and forcing companies that control more than 50% of a market to prove that a deal wouldn’t reduce competition.

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