California Antitrust Bill Faces Opposition From Big Tech and Corporate Lobbyists
By
Luke Goldstein
Summary
A landmark California antitrust bill aimed at expanding state regulations against monopolies is facing fierce opposition from Silicon Valley and other powerful industries. The Lever reports that these corporate interests have spent millions to defeat the legislation, and lawmakers who may cast decisive committee votes have accepted thousands in campaign donations from deep-pocketed corporate entities. Major tech companies including Facebook, Google, and Uber have built their businesses using practices the bill would target.
Source
bskyCalifornia Antitrust Bill Faces Opposition From Big Tech and Corporate Lobbyistslevernews.comKey quotes
· 3 pulledSilicon Valley and other powerful industries have spent millions of dollars to defeat a landmark bill in California that would expand state regulations against monopolies and threaten common business practices of numerous tech giants.
The Lever has uncovered that lawmakers who may cast the deciding votes on the legislation in committee have taken thousands in campaign donations from deep-pocketed corporate interests.
From social media giants Facebook and Google to ridesharing apps like Uber, Big Tech has grown its businesses by resorting to a variety of...
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