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Senate antitrust legislation targeting big tech advances

 

Concerns about big tech regulation

Others argue that the bill doesn’t consider the benefits delivered Consumers have benefitted from digital giants’ scale through bundling of internet streaming, online shopping and cloud services, said R “Ray” Wang, principal analyst and founder of research and advisory firm Constellation Research.

Breaking up digital giants and limiting their ability to scale is dangerous, he said, particularly as the U.S. finds itself in a tech race with countries like China where the “digital giants are giving us every bit of advantage we need.”

Wang said if a digital giant is abusing its power “Should they break their ‘social contract,’ then we have to think of ways to increase competition and open access to their ecosystems,” Wang said. “This bill would need to be more clear on how we open up markets and keep prices competitive for everyone.”

Earlier this week, the U.S. Chamber of Commerce also opposed the legislation.

“This legislation stems from a misplaced view of what is best for consumers,” said Neil Bradley, executive vice president and chief policy officer for the U.S. Chamber of Commerce, during a press call. “We know that what consumers are looking for is choice and lower prices. The fact is that the platforms that are being targeted under this legislation have expanded choice for American consumers and have helped lower prices.”

 

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