In this episode of the Futurum Tech Webcast, my colleague Olivier Blanchard and I engage in a drill-down conversation around the five new antitrust bills congress brought forward last week aimed at Big Tech, and what the likely ramifications are for reach. Our discussion examined:
● The Ending Platform Monopolies Act which proposes that Congress can have the ability to break up a company “when the covered platform’s ownership or control of that line of business gives rise to an irreconcilable conflict of interest.” This would apply to Facebook, Google, Apple, and Amazon just to name a few.
● The Platform Anti-Monopoly Act which is aimed at companies with over $600bn in annual revenue and 500,000 Monthly Active Users (MAU) and would prevent these companies from prioritizing their own products in the market.
● The Augmenting Compatibility and Competition by Enabling Service Switching Act of 2021 (also known as The ACCESS Act of 2021) which would target data sharing practices.
● The Merger Filing Fee modernization Act of 2021 which would add more support and resources to the FTC and the antitrust division of the DOJ.
● The Platform Competition and Opportunity Act which would increase the difficulty for Big Tech companies to acquire other companies.
For a deeper understanding of each proposed bill check out Olivier Blanchard’s breakdown here: The Problem With Congress’s 5 New Antitrust Bills Aimed At Reining In U.S. Big Tech ([ Ссылка ])
Disclaimer: This show is for information and entertainment purposes only. While we will discuss publicly traded companies on this show, the contents of this show should not be taken as investment advice.
