Senate committee approves bill limiting Big Tech's power over marketplaces

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U.S. Senate committee approves bill limiting Big Tech's power over marketplaces

"Self-preferencing is mainly intended to describe situations where, if you're a merchant selling a product through an e-commerce platform, and that e-commerce platform is a competitor of yours who offers the same product, the platform somehow induces the consumer to have a preference for its own product," said Tad Lipsky, the director of the Competition Advocacy Program at the Global Antitrust Institute.

In 2021, Amazon and Meta were two of the top three companies in terms of spending money to lobby Congress, according to Sen. Amy Klobuchar, who spoke at Thursday's hearing. Amazon has warned third-party sellers that they might be kicked off the marketplaces if the legislation passes.

 

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Marketplace s State by State will be coming shortly once it passes and made in to Law. Creating dozens of competitors for Big Tech, Woo Hoo! yea baby, eat that

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