US lawmakers are targeting big tech in a big way, and it?s going to affect us all

Five antitrust laws proposed in the United States aim to aggressively rein in the market power of “big tech” companies and change the way they do business.The set of bills, introduced on June 11, targets the enormous economic power wielded by the likes of Amazon, Apple, Facebook, and Google (owned by parent company Alphabet).The expansive proposals range from breaking up different businesses run by big tech, to more effectively preventing mergers known as “killer acquisitions”, in which big tech companies buy up rivals to stamp out threats to their market power.Attend the tech festival of the year and get your super early bird ticket now!The proposals would represent a massive change to US antitrust laws. Remarkably, the proposals have survived to this stage, in the face of record lobbying by big tech companies in Washington.Even if only some of the proposals are passed as law, they will likely have significant consequences for the way big tech does business globally.The five bills — collectively called “A Stronger Online Economy: Opportunity, Innovation, and Choice” — would apply to any “covered platform” which:This would capture at least Amazon, Apple, Facebook, and Google.