New York unveils landmark antitrust bill that makes it easier to sue tech giants

The legislation comes as a federal panel is investigating the market power of Facebook, Amazon, Apple and Google

Dominic Rushe
@dominicru
Published onWed 5 Aug 2020 04.30 EDT

New York state is introducing a bill that would make it easier to sue big tech companies for alleged abuses of their monopoly powers.

New York is America’s financial center and one of its most important tech hubs. If successfully passed, the law could serve as a model for future legislation across the country. It also comes as a federal committee is conducting an anti-trust investigation into tech giants amid concerns that their unmatched market power is suppressing competition.

Bill S8700A, now being discussed by New York’s senate consumer protection committee, would update New York’s antiquated antitrust laws for the 21st century, said the bill’s sponsor, Senator Mike Gianaris.

“Their power has grown to dangerous levels and we need to start reining them in,” he said.

More:
https://www.theguardian.com/technology/2020/aug/05/antitrust-bill-new-york-easier-to-sue-big-tech