Huge changes for Internet and Big Tech under US antitrust proposal

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The antitrust overhaul package unveiled in Congress targeting Big Tech, if enacted, could have far-reaching effects on how people use the internet ...

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WASHINGTON: The antitrust overhaul package unveiled in Congress targeting Big Tech, if enacted, could have far-reaching effects on how people use the internet and on America's biggest and most successful companies.

Another measure would require data"portability" and"interoperability," which could make it easier for people to quit Facebook, for example, while keeping their data and contacts. The measures come following a 16-month investigation in the House led by antitrust subcommittee chairman David Cicilline which concluded that tech giants were abusing their dominant positions and had too much power in the economy.

But Sagers said the impact might not be bad in the long run because"markets rearrange themselves and new competitors turn up to replace them... But it is to say that these laws seem risky and I find their consequences hard to predict."Other analysts offered stark warnings against unforeseen consequences of upending the massively successful firms on which many consumers rely in their daily lives.

The legislation mirrors Europe's Digital Markets Act and is likely to"distort" competition, according to Aurelien Portuese of the Information Technology and Innovation Foundation, a think tank which often reflects the industry's views.

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