Monday, October 25, 2021
More

    Latest Posts

    Efforts toward Vertec companies from “self-priority” gained traction

    Washington — Laws that prohibit Internet companies from supporting their products on their platforms are gaining more support.

    Amazon.com Ltd

    When

    Apple Ltd

    A bipartisan Senate law, due out Thursday, prohibits dominant platforms from supporting their own products and services. This is a practice known as self-priority. It also prohibits these dominant platforms from discriminating against business users in ways that would seriously harm competition.

    In particular, the bill prohibits a set of practices that are harmful to businesses and consumers, such as requiring businesses to purchase goods and services on predominant platforms in exchange for priority placement. Abusing corporate data to compete. Bias search results in favor of dominant companies. And it unfairly prevents other business products from interoperating with the dominant platform.

    House Judiciary Committee A similar bill was passed earlier this year, Although the Senate bill will be a little strict in some respects.

    The Senate bill is sponsored by Senator Amy Klobuchar (Democratic Party of Minnesota), chairman of the Senate Antitrust Law Subcommittee, and Chuck Grassley, Iowa, the Supreme Republican of the Judiciary Committee.

    In an interview, Klobuchar said efforts to curb tech giants have been boosted by recent revelations.

    Facebook Ltd

    Whistleblower, The Wall Street Journal’s “Facebook File” Series..

    Apple store in New York earlier this year.


    Photo:

    Jeenah Moon / Bloomberg News

    “It’s a catalyst for action,” she said. “We can blame people for this notion that we should continue to agree with the technical mantra of’trust us, just trust us’. “

    The bill is also backed by Senator Richard Durbin of the Justice Commission (Democratic Party, Illinois) and former Republican Chairman Lindsey Graham of South Carolina.

    Industry opposition is likely to be significant.

    The bill could affect many major technology companies, including Amazon.com and the searches offered to users.

    alphabet Of a corporation

    Google offers a number of products and services that compete with other businesses.

    Companies and their supporters generally claim that they operate in highly competitive and dynamic markets and do not unfairly use market power to thwart competition.

    They also oppose a widespread antitrust bill in the House of Representatives by claiming that consumers can upset their business in ways they don’t want. They argue that widespread change can also undermine US technological leadership in the world.

    For example, Apple previously stated that the House version allows users to download apps to the iPhone without using the App Store. The company says it harms customers by threatening privacy and parental controls and potentially exposing user data to ransomware attacks.

    The House version was approved by the Commission in June as part of a package of extensive antitrust bills that could rebuild the online environment. However, due to the intense lobbying of the industry, the consideration of residential floors has been delayed since then.

    Write to John D. McKinnon john.mckinnon@wsj.com

    Copyright © 2021 DowJones & Company, Inc. all rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Efforts toward Vertec companies from “self-priority” gained traction

    Source link Efforts toward Vertec companies from “self-priority” gained traction

    The post Efforts toward Vertec companies from “self-priority” gained traction appeared first on Eminetra.

    Latest Posts

    Don't Miss

    Stay in touch

    To be updated with all the latest news, offers and special announcements.