Thursday, June 17, 2021
Khan's unexpected appointment came five days after the House of Representatives introduced antitrust legislation that could break apart Amazon's control of its e-commerce marketplace, prevent Facebook and Google from buying smaller rivals, and make Apple change how it runs its app store.
- Biden does not favour breaking up tech platforms, despite such calls from some Progressive Democrats.
- Investigation -- or the threat of it -- could have a chilling effect on companies, including M&A activity.
- New US antitrust legislation affecting big tech would likely influence similar legislation in other countries.