Apple, Amazon, Facebook and Google more or less control their turf…
Us little people have to play by their rules or suffer….
And these companies are swallowing up others like Pac-Man
The US Congress is looking to slap antitrust laws on the mega giants to level the playing field for other’s to compete and offer consumers choices…
The BIG Guys are fighting back….
In the days after lawmakers introduced legislation that could break the dominance of tech companies, Apple’s chief executive, Tim Cook, called Speaker Nancy Pelosi and other members of Congress to deliver a warning.
The antitrust bills were rushed, he said. They would crimp innovation. And they would hurt consumers by disrupting the services that power Apple’s lucrative iPhone, Mr. Cook cautioned at various points, according to five people with knowledge of the conversations.
The calls by Mr. Cook are part of a forceful and wide-ranging pushback by the tech industry since the proposals were announced this month. Executives, lobbyists, and more than a dozen think tanks and advocacy groups paid by tech companies have swarmed Capitol offices, called and emailed lawmakers and their staff members, and written letters arguing there will be dire consequences for the industry and the country if the ideas become law.
The bills, the most sweeping set of antitrust legislation in generations, take aim at Amazon, Apple, Facebook and Google by trying to undo their dominance in online commerce, advertising, media and entertainment. There are six bills in total, and if passed, they would empower regulators, make it harder for the tech giants to acquire start-ups and prevent the companies from using their strength in one area to form a grip in another…
How are these tech companies hurting consumers, which is the reason anti trust laws are in place?
The tech companies swallow up competition crowding out innovation and driving prices higher most times….
Welcome aboard…..