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- US President to sign executive order aimed at cracking down on Big Tech business practices
US President to sign executive order aimed at cracking down on Big Tech business practices
CNBC reports that the White House on Friday will announce a new executive order aimed at cracking down on competitive practices in Big Tech
The Biden administration will make the case that the biggest companies in the tech sector are wielding their power to box out smaller competitors and exploit consumers’ personal information.
The order will call for regulators to enact reforms such as increasing their scrutiny of tech mergers and putting more focus on moves like “killer acquisitions,” in which firms acquire smaller brands to take them out of the market.
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