While the Walt Disney Company is known best for its extravagant theme parks, children’s movies and media empire, it also wields immense political power.
Sens. Amy Klobuchar, D-Minn., and Tom Cotton, R-Ark., on Friday introduced legislation that would make it easier for regulators to block large tech companies from buying up rivals or nascent competitors, the latest display of the bipartisan push in Congress to rein in the tech industry.
Big Tech antitrust legislation will hit small business too, think tank warns wraltechwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wraltechwire.com Daily Mail and Mail on Sunday newspapers.
Author Bio
Will Healy is a freelance financial writer who has had a lifelong interest in the stock market, along with numerous, less-useful pursuits. Will pursued his passion for writing after working in the corporate world as both an analyst and an insurance sales professional. He holds a bachelor s degree from Texas A&M Univesity, and M.S. from the University of North Texas, and an MBA in finance and strategy from the University of Texas at Dallas Jindal School of Management. Follow @HealyWriting
Google s parent
Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG) faces a U.S. Congress increasingly intent on making it more difficult to monetize some of its apps. If a current House bill pertaining to that issue becomes law, it could hamper Alphabet s efforts to monetize many businesses under its umbrella. However, Alphabet has positioned itself to respond if this bill passes, and some strategies to fight antitrust authorities could actually enrich Alphabet