Tech Giants Face Demands to Downsize in New Antitrust Bills
- House lawmakers unveil legislation to curb mergers, conduct
- Top Democrat says tech firms have too much power over economy
An Amazon Basics toaster on display for sale inside an Amazon.com store in Berkeley, California.
Photographer: Cayce Clifford/BloombergThis article is for subscribers only.
Amazon.com Inc., Apple Inc. and other U.S. technology giants would have to sell or exit key businesses under sweeping antitrust legislation proposed by House lawmakers.
The proposal is among a series of bills introduced Friday by House Democrats and Republicans that would place significant new constraints on how tech platforms run their businesses and give antitrust enforcers more legal authority to take on some of the country’s largest and most lucrative businesses.