Congress’ Antitrust Legislation Avoids Regulating Many Big Tech Companies

Last-minute changes to major antitrust legislation working its way through the House appears to exempt several Big Tech companies from being affected by its regulations.

The legislation, which has been months in the making and was crafted to take on Big Tech monopolies, targets a handful of companies while excluding others that also have massive market power, a leading expert told the Daily Caller News Foundation. Existing federal and state antitrust law already prohibits a wide range of anticompetitive business activity across all industries like unlawful mergers and monopolization.

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Facebook Becomes Fifth Tech Company Worth More Than $1 Trillion

Facebook’s market capitalization, or total dollar value, closed above $1 trillion for the first time ever Monday, making it the fifth U.S. company to reach such size.

Facebook exceeded the $1 trillion mark after a year in which the company experienced massive user and earnings growth, CNBC reported. Apple, Alphabet, Microsoft and Amazon – all fellow Big Tech companies – are the only other U.S. companies that have also surpassed $1 trillion in market capitalization, according to Axios.

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EU Files Antitrust Charges Against Amazon Over Use of Data

European Union regulators filed antitrust charges Tuesday against Amazon, accusing the e-commerce giant of using its access to data from companies that sell products on its platform to gain an unfair advantage over them.

The charges, filed two years after the bloc’s antitrust enforcer began looking into the company, are the latest effort by European regulators to curb the power of big technology companies. Margrethe Vestager, the EU commissioner in charge of competition issues, has slapped Google with antitrust fines totaling nearly $10 billion and opened twin antitrust investigations this summer into Apple. The EU’s executive Commission also opened a second investigation Tuesday into whether Amazon favors product offers and merchants that use its own logistics and delivery system.

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ANALYSIS: DOJ Investigators Involved in Antitrust Probe Don’t Appear to be Scrutinizing Claims of Bias in Google’s Search

by Peter Hasson and Chris White   Department of Justice investigators who are conducting an antitrust probe targeting Google do not appear to be scrutinizing claims that the tech giant manipulates its search function, leaks about the probe and a source familiar with it indicate. Google critics argue that Google…

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Censorship, Antitrust Probes: Big Tech Is Back to Fighting Familiar Foes After Taking on Coronavirus

Amazon, Twitter, and other major tech companies are facing intense criticism on antitrust issues and censorship claims in the months since government officials reportedly began asking for help from Silicon Valley on ways to tackle the coronavirus pandemic.

The president and lawmakers have turned their sights on Twitter and Amazon, respectively, while Texas Attorney General Ken Paxton and other attorneys general are reportedly ratcheting up their antitrust investigation targeting Google’s business model. The White House asked them in March to fight coronavirus disinformation while also assisting the government in its virus response.

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Report: Google And Mastercard Strike Secret Deal To Track Customers In-Store Purchases

by Kyle Perisic   Google and Mastercard have reportedly struck a secret deal to monitor users’ in-store purchases, to collect data on what Google ads have resulted in purchases. After years of negotiations, Google paid Mastercard millions of dollars for its customer data, Bloomberg reported Thursday, citing two anonymous sources. The two could…

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Twitter CEO Jack Dorsey Begins Media Tour to Explain Why He Didn’t Censor Alex Jones . . . Yet

Alex Jones

by Kyle Perisic   Twitter CEO Jack Dorsey began his tour with media networks to explain Twitter’s speech policies after the backlash he faced from not banning Alex Jones like other tech giants. Dorsey is planning on speaking with Lester Holt on NBC’s “Nightly News” later in August and Brian…

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The AT&T-Time Warner Merger Approved, Mass Media Consolidation Could Lead the Way to One-Party Rule in the U.S.

ATT and Time Warner Cable

By Robert Romano   A vibrant and healthy democracy depends on the free marketplace of ideas. Call it what you want. Viewpoint diversity. Access to alternative views. In today’s media and information-driven society and culture, being able to find the opposing view on an issue, to compare the pros and cons…

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