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Statement: The Party Is Over, Big Tech

WASHINGTON, D.C.  Today, a bipartisan group of House lawmakers introduced several bills that would rein in Big Tech’s monopoly power. Robert Weissman, president of Public Citizen, released the following statement:

“Big Tech’s unchecked growth and dominance have led to incredible abuses of power that have hurt consumers, workers, small businesses and innovation. That unchecked power ends now.

“This bipartisan package is a huge step toward finally holding these abusive and dominant Big Tech companies accountable and stop them from abusing their monopoly power in nearly every aspect of their businesses. Monopoly power lowers wages, reduces innovation and entrepreneurship, undermines the free press, and perpetuates toxic systems of racial and class dominance.

“These reforms would check Big Tech’s overwhelming power by breaking up the tech giants, prevent them from gobbling up competitors and require them to play fairly with competitors.

“Big Tech should see this for what it is: Congress sending a clear message that the party is finally over for them.

“Public Citizen thanks U.S. Reps. David Cicilline (D-R.I.) and Ken Buck (R-Colo.) and their staff for leading on this vital legislation.”