President Biden took aim at Big Tech in his latest executive order on Friday.
The sweeping executive order cracks down on Big Tech’s anti-competitive practices. The order includes 72 actions and recommendations aimed at promoting competition in the U.S. economy after the global pandemic.
The White House aims to “reduce the trend of corporate consolidation, increase competition, and deliver concrete benefits to America’s consumers, workers, farmers, and small businesses.”
“For decades, corporate consolidation has been accelerating,” a fact sheet released by the White House reads, stating that the order is “a whole-of-government effort to promote competition in the American economy.”
The order calls on the Federal Trade Commission to reestablish “net neutrality,” reversing a Trump decision that eliminated the laws.