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US antitrust bills aimed at Big Tech dominance are 'economically depressing' EU-type regulation, think tank says

( June 11, 2021, 20:30 GMT | Official Statement) -- MLex Summary: A set of five bills by US House lawmakers aimed at tackling the dominance of large technology platforms reflect "fundamental misunderstandings" of how platforms create value for consumers, how market leaders compete with each other, and the incentives needed to keep innovative companies churning out useful products and services, think tank Competitive Enterprise Institute said. “Taken together, these bills are EU-style regulation at its most economically depressing. Taken together, these proposed regulations would compromise the U.S. as a global tech leader, strain an already struggling U.S. economy, and hurt American consumers,” Jessica Melugin, director of CEI’s Center for Technology and Innovation said in a statement.Statement follows...

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