Big Tech spends millions to defeat California antitrust bill targeting monopolistic practices
By
ByFreddy BrewsterLuke Goldstein
Summary
Silicon Valley and Big Tech companies are spending millions to defeat a landmark California bill that would expand state regulations against monopolies and challenge common anticompetitive business practices. The legislation targets tactics like price gouging and anticompetitive mergers used by tech giants such as Facebook, Google, and Uber. Lawmakers who may cast decisive votes on the bill have received significant campaign donations from corporate interests, highlighting the powerful lobbying effort to block the antitrust reform.
Source
bskyBig Tech spends millions to defeat California antitrust bill targeting monopolistic practicesjacobin.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
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.
Big Tech has grown its businesses by resorting to a variety of tactics that skirt antitrust laws
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