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Monday, May 6, 2024

Huge changes for internet and Big Tech under US antitrust proposal

Dominant Big Tech firms could be forced to make major changes to their business practices if US lawmakers approve a proposed package of antitrust legislation.

WASHINGTON: The antitrust overhaul package unveiled in Congress targeting Big Tech, if enacted, could have far-reaching effects on how people use the internet and on America’s biggest and most successful companies.

The five bills, due for a committee vote on Wednesday, could pave the way for a reorganization or breakup of giants such as Google, Facebook, Apple and Amazon while reshaping the entire internet ecosystem.

The measures would stop tech giants from operating a platform for third parties while offering competing services on those platforms, dealing a major blow to the likes of Apple and Amazon.

Lawmakers also are seeking to ban tech firms…

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