Bipartisan Big Tech competition bill bad idea, says Michael Bloomberg"...just because an idea is bipartisan doesn't make it good..."
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Bloomberg's Founder has slammed a bipartisan effort to legislate against Big Tech.
Michael R. Bloomberg says that emerging legislation would drive up costs, limit consumer choice, reduce innovation, and undermine competition.
He also warned that it could possibly outlaw popular services "that Americans use every single day."
The founder and majority owner of Bloomberg, Michael R. Bloomberg, has said that the 'American Innovation and Choice Online Act' is a terrible idea that could harm consumers and workers.
In a new piece for the outlet that bears his name, Bloomberg writes:
I have always believed we need more bipartisanship in Washington, but just because an idea is bipartisan doesn't make it good. A bill now making its way to the Senate floor is a perfect example.
He claims that the bill is "misleadingly titled" and that by taking a swing at big tech companies like Apple, Amazon, an...
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Bipartisan Big Tech competition bill bad idea, says Michael Bloomberg
