United States Senator Josh Hawley is pushing for a proposal which will ban big tech companies from ever making any acquisition or merger deals in the future. According to the proposal, big tech is categorized as any company with a market capitalization of $100 billion and above.
The Republican Senator representing Missouri has been an adamant critic of the big tech companies. Only five companies United States technology companies have a market capitalization of over $100 billion.
These companies include Facebook Inc. (FB), Alphabet Inc. (GOOGL), Amazon Inc. (AMZN), Apple Inc. (AAPL) and Microsoft Corp. (MSFT).
The Senator is pointing an accusing finger to leading social media companies of suppressing conservative ideas. He is also putting the blame on other sectors including bio-tech which he says are focused so much on holding too much market power.
The proposal also seeks to stop any deal that will result to customers favoring products and services offered by these big techs.
This bill bears some similarities with the antitrust bill introduced by Democratic Senator Amy Klobuchar in February. Senator Hawley says he is willing to join hands with anyone interested in the same course.
“I’m willing to work with her and anybody of any party and any background. I like a lot of what Senator Klobuchar has proposed,” said Senator Hawley.