California bill to stop 'dominant platforms' from blocking competition
5 hours ago
- #antitrust
- #tech-regulation
- #competition
- California proposes the 'BASED Act' to prevent dominant tech platforms from favoring their own products and stifling competition.
- The bill targets companies with over $1 trillion market cap and 100 million monthly U.S. users, like Apple, Amazon, Google, and Meta.
- Prohibited practices include manipulating search results, using non-public data to compete against third-party sellers, and restricting data portability.
- Supporters argue the bill will lower prices, increase innovation, and provide a fair playing field for startups, especially in AI.
- Opponents question the bill's constitutionality and potential overreach, citing concerns about state interference in interstate commerce.