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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. What is happening: Attention to the issue is bipartisan and the proposed solutions overlap. Stay on top of the latest market trends and economic information with Axios Markets. Subscribe for free Representative Ken Buck, a member of a House Judiciary Subcommittee on Antitrust Matters, says the right approach is to stimulate competition rather than dismantle big companies. 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 certain assets, a way to separate them.He also sees Congress as having a role to play in ensuring greater oversight where courts fail and wants to see rules to block discriminatory access to platforms. “We live in an era of more economic concentration and less competition than at almost any time in US history. He told Axios. “It’s bad for consumers and bad for Colorado.” The end result: The question of how to approach Big Tech becomes more political, especially in Colorado, where Amazon, Google, and Facebook all do business. The Axios Denver newsletter, designed to help readers get smarter and faster on the most important news happening in their own backyard. Get more Axios and subscribe to Axios Markets for free.
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