President Biden signs new order cracking down on Big Tech monopolies US President Joe Biden has signed an executive order designed to promote competition among Big Tech companies by targeting anti-competitive practices. Brianna McKeeDigital Reporter July 10, 2021 - 2:06PM The White House has taken action against Big Tech monopolies with US President Joe Biden signing an executive order cracking down on data collection, unfair competition and mergers in the sector. The measure highlights a move against Big Tech monopolies which have been accused by Mr Biden of “undermining competition” in the private sector. "Capitalism without competition isn't capitalism. It's exploitation," the US President said when he signed the order.