The U.S. Justice Department’s top antitrust cop said he wants to “unplug” monopolistic Big Tech firms and drove home his support for a stalled congressional...
The U.S. Justice Department’s top antitrust cop said he wants to “unplug” monopolistic Big Tech firms and drove home his support for a stalled congressional bill intended to rein in Google GOOGL, Amazon AMZN, Meta META and Apple AAPLduring a fiery speech on Friday.
Jonathan Kanter, the Biden-appointed assistant attorney general who leads the Justice Department’s antitrust division, said U.S. regulators had previously taken a “whack-a-mole” approach to monopolistic behavior by Big Tech companies. “The digital economy has enabled monopoly power of a nature and degree not seen before in our country,” Kanter said in front of an audience at the Fordham law school that included many lawyers who defend tech firms against regulators like him.
Majority Leader Chuck Schumer has said he supports the bill but has not brought it up for a vote, even though Klobuchar and Grassley have insisted for months they have the votes to pass it. Big Tech foes have accused Schumer of holding up the bill, while Schumer insists he’s waiting until it has enough votes.
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