Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Politics
Anusuya Lahiri

DOJ Supports Antitrust Bill Targeting Big Tech - Read Why: WSJ

Nasdaq DOJ Amazon Google Joe Biden Alphabet Inc Apple FB Justice Department Wall Street Journal
  • The Justice Department supported American Innovation and Choice Online Act and similar legislation banning large digital platforms from favoring their products and services over competitors, the Wall Street Journal reports.
  • The DOJ saw the rise of dominant platforms like Amazon.com Inc (NASDAQ:AMZN) and Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google jeopardizing open markets and competition.
  • Amazon, Google, Apple Inc (NASDAQ:AAPL), and others opposed the legislation arguing that it would make it harder to offer popular services. 
  • Big Tech also considered it fair for e-marketplaces, search engines, and app stores to profit off their creations’ popularity.
  • The Biden administration’s support boosted the prospects for passing the legislation after clearing critical committees in the House and Senate.
  • Price Action: FB shares traded higher by 0.41% at $224.50 in the premarket on the last check Tuesday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
‘A long-distance hug’: readers and gen Z on the joy – and expense – of sending Christmas cards
Sales of Christmas cards are down as soaring price of stamps means many people opt for digital festive greetings
The Guardian - UK
The Guardian - UK
Interactive: What Earth’s 4.54 billion-year history would look like in a single year
As a kid, it was tough for me to grasp the massive time scale of Earth’s history. Now, with nearly two decades of experience as a geologist, I think one of the best ways to understand our planet’s history and evolution is by condensing the entire timeline into a single…
The Conversation
The Conversation
Saturday Night Live: Martin Short delivers a star-packed festive treat
The actor joins the five-timers club in a funny and cameo-filled episode that features some of the season’s funniest moments so far
The Guardian - US
The Guardian - US
Messiness & the allure of Fleetwood Mac
A new book about Fleetwood Mac covers the dramatic soap opera — and the songs that made the band legends
Salon
Salon
Martha Stewart's top-drawer storage method 'enables you to get dressed faster' – her decade-old lessons are just as impactful in modern bedrooms
Archival footage shows Stewart's cabinet storage solutions have no expiry date – we're sure her lessons will continue to work years from now
Homes & Gardens
Homes & Gardens
You can bet on anything. Should you?
Here are the risks involved when playing in America's growing casino
Salon
Salon
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play