How Big Tech fought antitrust reform — and won
Tech giants and their army of industry groups rallied together to stifle a multiyear congressional effort to overhaul antitrust laws, pouring millions into campaigns to block key bipartisan bills targeting the nation’s four largest tech firms.
They appear to have prevailed over would-be reformers. Antitrust supporters pushed hard for major legislation to rein in the power of tech behemoths before the close of this year. But while a couple of antitrust reform proposals to give federal and state enforcers more resources and power were added to the $1.7 trillion government funding bill, two key bipartisan measures targeting internet giants failed to make it into end-of-the-year must pass bills, effectively killing their chances of passing this year.
And with the GOP set to take control of the House in January, the best opportunity to push them through may now be in the rearview mirror.