Regulators Aim To “Unplug” Big Tech Monopolies – channelnews – ChannelNews

The head of the Justice Department’s antitrust division is looking for a far more aggressive approach in dismantling big tech monopolies, as a congressional bill targeting the sector remains stalled.

During a speech at the Fordham University Conference on International Law and Policy in New York City, Jonathan Kanter referred to the previous “whack-a-mole” attacks on the likes of Google, Amazon, Meta and Apple.

“No one ever really wins that game — the moles just keep coming,” Kanter said.

“To stop them from popping up, you really need to unplug the machine. In the same way, enforcers need to unplug the monopolisation machine in digital platform industries.

“The digital economy has enabled monopoly power of a nature and degree not seen before in our country.”

As the same conference, FTC Chair Lina Khan called the antitrust legislation in Congress “an extremely healthy development.”

The bill, passed by the Senate in January and currently stalled in Congress, would block big tech…

Read Full Story: https://www.channelnews.com.au/regulators-aim-to-unplug-big-tech-monopolies/

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