News - The Only Definite Winner in Biden's 'Competition' Executive Order? Anti-Competitive Big Tech
The order “targets Big Tech” alright. But the negatives are nebulous at best: “The order also expands Biden’s assault on Big Tech companies such as Amazon and Facebook. It establishes an administration-wide policy to scrutinize mergers more heavily, including completed mergers. It zeroes-in on so-called ‘killer acquisitions’ involving nascent competitors, the kind of deal critics say Facebook engaged in when it bought Instagram and WhatsApp. “It takes aim at a key Silicon Valley business model: The collection and use of large amounts of consumer data, and the incentive for te...
Source: heartland.org