logo

New bipartisan bill aims to break up Google, Facebook online ads businesses

By Arghyadeep Dutta - May 19, 2022, 06:02 PM ET
Last Updated - Feb 29, 2024, 07:16 AM EST
Google_Logo
Google and Facebook and would force them to break up online ad businesses

legislation mainly targets Alphabet Inc’s (NASDAQ: GOOGL) Google and Facebook parent Meta Platforms Inc (NASDAQ: FB), whose massive part of the revenue comes from digital advertisements

• GOP-led bipartisan bill takes aim at Google and Facebook and would force them to break up online ad businesses

• Competition and Transparency in Digital Advertising Act is trying to rein in tech power through antitrust reform

Sponsored

A bipartisan group of senators introduced legislation on Thursday that aims at conflicts of interest in the advertising technology industry and if passed, would force the Big Techs to break up its dominant online-ad business.

The Competition and Transparency in Digital Advertising Act, sponsored by Sens. Mike Lee (R-Utah), Amy Klobuchar (D-Minn.), Sens. Ted Cruz (R-Texas), and Richard Blumenthal (D-Conn.), is aiming to rein in the power of Big Tech.

Sponsored
Sponsored
Sponsored
Our Offices
  • 10kInfo, Inc.
    13555 SE 36th St
    Bellevue, WA 98006
    Phone: +1 (425) 414-0184
  • 10kInfo Data Solutions, Pvt Ltd.
    Claywork Create
    11 km, Arakere Bannerghatta Rd, Omkar Nagar, Arekere,
    Bengaluru, Karnataka 560076
    Phone: +91 80 4902 2100
4.2 20250131