EFF: Senate Antitrust Hearing Explores Big Tech’s Merger Mania
Senate Antitrust Hearing Explores Big Tech’s Merger Mania The Senate Judiciary Committee’s Subcommittee on Antitrust, Competition and Consumer Rights held a hearing last week to explore the competitive impacts of big tech companies’ massive string of mergers with smaller companies in the last handful of years. Before the Senate committee were experts in venture capital spending, the Federal Trade Commission (the agency tasked with merger reviews), and legal experts in antitrust law. EFF believes a hard look and update of mergers and acquisitions policy is one of many actions needed to preserve the life cycle of competition that has been a hallmark of the Internet. In the past, the Internet was a place where a bright idea by someone with modest resources was able to be leveraged from their home into the next big innovation. We have lost track of that as a small number of corporations now control a vast array of Internet products and services we all depend on and now appear to hav