The bag tech is being targeted by new no-confidence bills that have further restricted the monopoly strategy of these companies. Facebook, Apple, Google, and Amazon are being directly targeted by these new bills, and naturally, these companies are starting to back down against them.
According to a New York Times report:
“Executives, lobbyists, and more than a dozen think tanks and advocacy groups paid by tech companies have swarmed Capitol offices, called and emailed lawmakers and their staff members, and written letters arguing there will be dire consequences for the industry and the country if the ideas become law”
The report added that Apple CEO Tim Cook had personally called on House Speaker Nancy Pelosi and other members of Congress to oppose the bill. He argued that the bills were “hurried” and that they would “disrupt the services that hurt consumers that power Apple’s lucrative iPhone.”
NYT sources quoted five people who listened to the conversation as saying that when Pelosi pushed against Coke, he asked if the bill could be further delayed. He also asked her to address specific policy objections to the new measures.
Google’s VP of Government Affairs, Mark Isacoitz, has warned that the bills would “harass Google [its] services and prevent [it] from offering key features used by hundreds of millions of Americans.” Will be needed. This could lead to serious privacy and security concerns, he said.
Amazon has mostly said the same things as the “significant negative effects” that Amazon users will face, and so on.
However, the no-confidence bill is far from becoming law as it needs to be approved by the Judiciary Committee before it reaches the House of Representatives. It will then need to be approved by the Senate before it can reach Biden.