You have commented 339 times on Rantburg.

Your Name
Your e-mail (optional)
Website (optional)
My Original Nic        Pic-a-Nic        Sorry. Comments have been closed on this article.
Bold Italic Underline Strike Bullet Blockquote Small Big Link Squish Foto Photo
Submit your comments on this article
Home Front: Politix
Biden expected to sign an executive order going after monopolies that goes BEYOND antitrust legislation to weaken the dominance of huge firms and crack down on mergers
2021-06-30
[Daily Mail, where America gets its news]
  • Aides have drafted an order that would call on DOJ and the Federal Trade Commission to update guidance to be less permissive on mergers

  • It isn't final and hasn't been presented to Biden, Politico reported
    Just a warning shot across various bows, then, and an invitation for counteroffers from interested parties.
  • Also eyeing agency directives aimed to boost competition

  • Comes after Biden put anti-trust advocates Lina Khan on the FTC and Timothy Wu on his National Economic Council

  • And Monday a federal judge dismissed as 'legally insufficient’ an FTC complaint labeling social media giant Facebook a monopoly

  • Move comes as Facebook's value surpassed $1trillion Monday for the first time
Related:
Lina Khan: 2021-03-24 Congress to grill US internet giants over disinformation
Posted by:Skidmark

#7  Make sure money flows from tech to DC, and not the other way around.
Posted by: swksvolFF   2021-06-30 14:57  

#6  ...I would find it very, very funny if it turned out that the Biden Administration was the one to bust Google, Facebook and the others.

Better still, it wouldn't be out of any sense of civic responsibility - it would be to make sure that having done their jobs, they couldn't change their minds later to be used against a Democratic candidate.

Mike
Posted by: Mike Kozlowski   2021-06-30 14:21  

#5  Yeah, me too SWK.

Some action like this would be so atypical for the modern pols, unless there's something in it for them (and therefore scr*wing us).
Posted by: Mullah Richard   2021-06-30 12:27  

#4  Except for Amazon, Facebook, Google, and Pprn Hub...
Posted by: 49 Pan   2021-06-30 11:29  

#3  I'm rather skeptical this is for the benefit of you and me.
Posted by: swksvolFF   2021-06-30 10:47  

#2  

OK coming from me this will sound odd...

I kinda agree ....

Just look at the power of Google, Facebook, Amazon and other Mega Internet giants and their acquisitions. The collection of personal and privacy data alone by these big Techs makes them more intrusive than any government.
Posted by: NN2N1   2021-06-30 08:25  

#1  The "Where's my cut" initiative.
Posted by: Procopius2k   2021-06-30 07:49  

00:00