A bill has been drafted in the US that will restrict tech giants from acquiring small companies. According to this bill, companies like Apple and Google will not be able to acquire companies that cost more than $5 billion. According to senators, this bill will prevent monopolization in the USA.
The world of technology is getting bigger day by day and some companies from country economies They show that they are even bigger. Yup; We are talking about giants like Google, Apple and Facebook. Some segments also believe that companies are even bigger than countries, and that those who manage countries are now giant companies. now Notable from the USA news has come. It seems that a draft law will prevent giant companies from working according to their minds.
With Senator Elizabeth Warren Mondaire Jones A new bill prepared by the technology companies for more than $5 billion explicitly forbids purchases. If the law were passed and enacted, Apple, for example, would consider a relatively small company worth more than $5 billion, which is contrary to its interests. won’t be able to buy.
“They act independently of the US economy”
Senator Elizabeth Warren, who prepared the bill, explained why such a law was needed. Since technology companies are getting bigger every day, and as a natural consequence of this, small companies removed from the market Explaining Warren, he stated that this is against the rules of competition. According to the senator, the size of the tech giants, these companies begin to operate independently of the US economy. has caused. It is believed that this situation will be eliminated with the law in question.
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If this bill is passed by Congress and becomes law, US Federal Trade Commission and US Department of Justicewill be given new powers. Thanks to these authorizations, the acquisitions of technology companies will depend on detailed examinations along with the costs. Authorities, with their right to disallow purchases, the consumer and examine how the employees of the acquired company will be affected by this situation. At this point, if a situation that negatively affects the consumer or the employees is detected, the decision to cancel the purchase will be on the agenda again. According to the statement made by Elizabeth Warren, this bill monopoly formations he’ll stop you…
Source :
https://appleinsider.com/articles/22/03/18/mergers-over-5-billion-would-be-prohibited-if-new-bill-becomes-law