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2021-06-30 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

[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

Posted by Skidmark 2021-06-30 00:00|| || Front Page|| [10 views ] Top

#1 The "Where's my cut" initiative.

Posted by Procopius2k 2021-06-30 07:49|| 2021-06-30 07:49|| Front Page Top

#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|| 2021-06-30 08:25|| Front Page Top

#3 I'm rather skeptical this is for the benefit of you and me.

Posted by swksvolFF 2021-06-30 10:47|| 2021-06-30 10:47|| Front Page Top

#4 Except for Amazon, Facebook, Google, and Pprn Hub...

Posted by 49 Pan 2021-06-30 11:29|| 2021-06-30 11:29|| Front Page Top

#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|| 2021-06-30 12:27|| Front Page Top

#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|| 2021-06-30 14:21|| Front Page Top

#7 Make sure money flows from tech to DC, and not the other way around.

Posted by swksvolFF 2021-06-30 14:57|| 2021-06-30 14:57|| Front Page Top

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