Amy Klobuchar Pushes for Antitrust Laws So Large Companies Can t Stifle StartUps
On 4/20/21 at 12:51 PM EDT
Minnesota Senator Amy Klobuchar joined Chris Evans and Mark Kassen to discuss the government s role in breaking up monopolies and the history and consequences of antitrust laws.
More than 45 states and the federal government have filed multiple lawsuits against Big Tech companies like Google and Facebook, alleging they have eliminated, defeated or simply bought competition in a manner that stifles competition and innovation, which translates into higher prices for advertisers and consumers.
Klobuchar said that, while this all might seem confusing, young people should really care about how monopolies and antitrust laws affect their everyday lives.
Google gets fined by Turkish Competition Board, again: Report
2 hours ago
Turkey’s Competition Board has again fined Alphabet Inc’s Google, this time to a tune of more than 296 million Turkish ($36.65 million), for allegedly abusing its dominant position in the search engine services, reported Reuters and Daily Sabah. This is the third time since 2018 that Google has been fined by the country’s regulatory body.
The Turkish competition authority Rekamet Kurumu (RK) found that Google had favoured its own accommodation price comparison service and local services over those of competitors. According to an auto-translated copy of the order, the regulator has asked Google to rework its services to enable competition within six months so that competitors are no longer at a disadvantage. Google also has to report compliance to the regulator every year for the next five years.
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Congress needs to implement an effective ethics agenda. Important anti-corruption legislation has been sitting in various Senate and House committees awaiting action.
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Amazon s third-party sellers have long had a love-hate relationship with the ecommerce giant. Some have hit their breaking point.
On Tuesday, a coalition of more than 20 independent business groups representing main street businesses including booksellers, office supplies sellers, and hardware stores kicked off a joint effort aimed at breaking up Amazon. The group known as Small Business Rising is pushing lawmakers to enact stricter antitrust laws and enforcement measures, as first reported reported by
The Wall Street Journal.
Specifically, the merchant coalition wants the ecommerce giant to separate its retail business from its marketplace of third-party sellers, says Stacy Mitchell, the co-director of the Institute for Local Reliance, a nonprofit organization in Washington, D.C., that advocates for sustainable community development and key organizer behind Small Business Rising. She adds that the coalition hopes to achieve this by creating opportunities