FTC: Stop Big Tech from taking over the auto industry
Federal Trade Commission
Big Tech companies like Google, Apple, and Amazon are on their way to taking over another industry—the auto industry. If regulators do nothing to stop it, this incursion will be terrible for competition and will kill jobs and raise prices for consumers.
Section 5 of the FTC Act gives the FTC broad power to ban “unfair methods of competition, and to enforce against violations. In November 2022, the FTC issued a policy change expanding its definition of “unfair methods of competition,” committing the agency to aggressively police monopolistic behavior and to update its procedures to keep up with changes in the market, including the changes brought on by Big Tech corporate consolidation.
The FTC must apply its new enforcement standard to Big Tech. In particular, the agency must issue rulemaking that will roll back Big Tech’s increasing domination of the auto industry — and we need it now.
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Federal Trade Commission
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[Your Name]
Big Tech companies like Google, Apple, and Amazon are on their way to taking over another industry—the auto industry. If regulators do nothing to stop it, this incursion will be terrible for competition and will kill jobs and raise prices for consumers.
Section 5 of the FTC Act gives the FTC broad power to ban “unfair methods of competition, and to enforce against violations. In November 2022, the FTC issued a policy change expanding its definition of “unfair methods of competition,” committing the agency to aggressively police monopolistic behavior and to update its procedures to keep up with changes in the market, including the changes brought on by Big Tech corporate consolidation.
The FTC must apply its new enforcement standard to Big Tech. In particular, the agency must issue rulemaking that will roll back Big Tech’s increasing domination of the auto industry.