Biden calls for “antitrust” measures to limit the power of Amazon, Apple, Meta and Alphabet.
The American President, Joe Bidencalled for a antitrust legislation targeting tech giants, in order to limit their power, by directly targeting companies such as Amazon, Apple, Meta platforms there AlphabetThe parent company of Google.
He made the call during his State of the Union address to Congress, which he used to urge Democrats and Republicans to “pass bipartisan legislation to strengthen antitrust and prevent big online platforms from giving their own products an unfair advantage.“, he said in reference to the Online Innovation and Choice Act (AICOA).
“Capitalism without competition is not capitalism. It’s extortion. It is exploitation. »said the US president, who spoke in these terms after a year in which Congress once again failed in its attempt to legislate big tech companies in Silicon Valley and impose a new law to protect them. new laws that promote competition, protect privacy and prevent misinformation..
In particular, Biden called on Congress to protect children from online threatsThe idea is strongly supported by Democrats and Republicans. “We need to hold social media companies accountable for the experiment they run on our children for profit,” he said.
He added that, in his view, “it’s time to pass bipartisan legislation to prevent big tech companies from collecting personal data about children and teens, ban advertising aimed at children and impose stricter limits on the data that these companies collect on all of us”.
Also, demanded transparency in tech companies’ algorithms and how they collect personal data. of Americans, which would involve regulating companies like Apple, Alphabet, Meta and Amazon if the US Congress manages to agree on legislation.
The legislation AICOA would have prohibited dominant technology companies, such as Amazon and Google, from giving preference to their own products over competitors who must use their platforms to reach customers. Another smaller bill, which also failed to pass, the Apps Open Markets Act (OAMA), would have forced Apple and Google to open their app stores to rival markets.