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In late June, Congressman David Cicilline, who chairs the Antitrust Subcommittee in the U.S. House of Representatives said, “Today, we have sent a clear message. The United States will no longer let other countries lead the fight against unregulated monopoly power.”
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These market failures are having an impact on journalism, where the platforms divert about 80 per cent of advertising revenue from Canadian publishers. A U.S. Senate Committee on Commerce, Science and Transportation report found, “Although local journalism has faced numerous challenges adapting to the new media landscape, they are also confronting unfair practices by some of the largest technology companies in the world.”
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