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Axios
‘Bad for consumers and bad for Colorado’: bipartisan officials target Big Tech
Colorado officials are playing a leading role in efforts to challenge Big Tech, both in Congress and in court. Stay on top of the latest market trends and economic information with Axios Markets. Subscribe for free Rep. Ken Buck, a member of a House justice subcommittee on antitrust issues, says the right approach is to stimulate competition rather than shatter big business. that consumers can transfer their data between businesses, much like a cell phone. He also believes that regulators should raise the bar on mergers and strengthen the legal enforcement of antitrust laws. “Google and Amazon are the most obvious offenders at this point in terms of their mergers and acquisitions and really stifling innovation and competition in the market,” Buck told Axios. lawsuits are successful, Weiser says he thinks companies should divest from certain assets, a way to separate them.He also believes Congress has a role to play in ensuring greater oversight where courts fail and wants to see rules to block discriminatory access to platforms. ”he told Axios.“ It’s bad for consumers and bad for Colorado. ”Bottom line: the question of how to approach the Big Tech is getting more political, especially in Colorado, where Amazon, Google, and Facebook all operate. The Axios Denver newsletter, designed to help readers get smarter and faster on news. most important ones that take place in their own backyard. Get more Axios and subscribe to Axios Markets for free.
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