Regulating Big Tech will be hard, and California is proving it

Regulating Big Tech will be hard, and California is proving it

As technology companies have grown from dot-com upstarts to the most powerful entities in America, U.S. legislators have done virtually nothing to establish new laws that regulate the companies and their products, even as negative effects ripple throughout society daily.

That is beginning to change. Nationally, antitrust actions announced in 2020 seek to undercut some of the power of these now-entrenched giants, with suits seeking to break up Facebook Inc. FB, +0.47%, rein in Alphabet Inc.’s GOOGL, +0.94% GOOG, +0.71% Google and establish a new standard for Apple Inc.’s AAPL, -0.77% cut from App Store developers.

 

Read more: https://www.marketwatch.com/story/the-push-to-regulate-big-tech-is-strongest-in-california-but-it-is-hitting-turbulence-11609430640?mod=home-page

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