Lawmakers Take Aim at Big Tech, With Overhaul of Antitrust.<br />On June 11, lawmakers in the House <br />introduced new antitrust legislation <br />aimed at keeping Big Tech's power in check. .<br />'The New York Times' called the <br />legislation the most ambitious <br />update to monopoly laws in decades.<br />The five new bills target Amazon, Apple, Facebook and Google.<br />and are specifically focused <br />on those companies' grip on <br />online commerce, information <br />and entertainment. .<br />According to 'The New York Times,' the legislation <br />would help prevent businesses that use their <br />dominance in one area to get a stronghold in another.<br />It would also impede the acquisitions <br />of rival start-ups and empower regulators <br />responsible for policing these companies.<br />Right now, unregulated tech <br />monopolies have too much power <br />over our economy. They are in a <br />unique position to pick winners and losers, destroy small businesses, ... , Representative David Cicilline, Democrat of Rhode Island and chairman of the antitrust subcommittee, via statement.<br />... raise prices on consumers and <br />put folks out of work. Our agenda will <br />level the playing field and ensure <br />the wealthiest, most powerful <br />tech monopolies play by the <br />same rules as the rest of us, Representative David Cicilline, Democrat of Rhode Island and chairman of the antitrust subcommittee, via statement.<br />'The New York Times' reports that <br />Amazon, Apple, Facebook and Google <br />are worth approximately $6.3 trillion.<br />four times more than the <br />country’s 10 largest banks
