Major tech antitrust bill gets backing of US Commerce Department

Major tech antitrust bill gets backing of US Commerce Department

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Key Facts

  • Latest in tech Now playing 'I'll Facebook it': In some countries, Facebook and the Internet are synonymous Now playing Elon Musk set to purchase Twitter for $44 billion SpaceX/Axiom Space Now playing Watch SpaceX and Axiom land first civilian crew back on Earth CNN Now playing A quarter of all the electricity in this county is powering Bitcoin mining Lamborghini Now playing Lamborghini's last Aventador Coupé with an NFT sold for $1.6M Now playing This teen died by suicide.
  • Watch the robotic dog collaborate with artist Dyson Now playing Dyson's new headphones double as wearable air purifiers CNN Now playing Hackers try to break through Putin's digital iron curtain Cooler Screens Now playing New tech in Walgreens brings mixed reactions, confusion online Volkswagen Now playing See Volkswagen's iconic hippie microbus, but electric Now playing See Apple's 5G budget smartphone Now playing NY Times faces controversy after making changes to Wordle Now playing Cryptocurrencies take Hollywood, sports and politics by storm Samsung Now playing See Samsung's Galaxy S22 smartphone lineup CNN Business — The Commerce Department backed a key legislative proposal aimed at forcing tech giants such as Facebook and Google to compete against smaller businesses, agency secretary Gina Raimondo said Wednesday, in an announcement that throws the full weight of the Biden administration behind the bill.
  • Amy Klobuchar and Rep. David Cicilline to champion the American Innovation and Choice Online Act (AICOA), a bill that would prohibit tech platforms from unfairly favoring their own proprietary services on their platforms over those of competing businesses.
  • Last month’s DOJ letter said the agency “views the rise of dominant platforms as presenting a threat to open markets and competition,” adding that letting those platforms “pick winners and losers” with their outsized power “puts at risk the nation’s economic progress and prosperity, ultimately threatening the economic liberty that undergirds our democracy.”

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