Google and Meta

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Ted Cruz, Elizabeth Warren and other senators propose bill to break up Google and Meta

The Advertising Middlemen Endangering Rigorous Internet Competition Accountability Act, aka the AMERICA Act.

“Introduced by Republican Sen. Mike Lee of Utah, the bill would prohibit companies from owning multiple parts of the digital ad ecosystem if they ‘process more than $20 billion in digital ad transactions.’

“The bill would kneecap Google and Meta, the two biggest players in digital advertising by far, but its provisions seem designed to affect almost every big tech company from Apple to Amazon, too …

“‘Companies like Google and Facebook have been able to exploit their unprecedented troves of detailed user data to obtain vice grip-like control over digital advertising, amassing power on every side of the market and using it to block competition and take advantage of their customers,’ Sen. Lee said in a press release …”

https://gizmodo.com/google-facebook-america-act-ads-break-up-cruz-warren-1850287725