Josh Hawley Introduces New “Trust-Busting” Bill

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According to Hawley’s website, the bill would:

–Ban all mergers and acquisitions by companies with market capitalization exceeding $100 billion
Example: Google could not purchase Waze and incorporate it into the Maps app

–Empower the FTC to designate “dominant digital firms” exercising dominant market power in particular internet markets, which will be prohibited from buying out potential competitors

Example: Facebook’s dominance in social networking should prevent it from acquiring startups seeking to build new social media platforms

–Prohibit dominant digital firms from privileging their own search results over those of competitors without explicit disclosure

Example: Google could not promote its own reviews over Yelp reviews without disclosing the affiliation upfront

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