Senator Josh Hawley’s bill to ban all acquisitions by companies with a market cap above $100 billion will hurt startups more than Big Tech
On Monday, Senator Josh Hawley from Missouri introduced a bill that would make substantial changes to antitrust law by banning all acquisitions by companies with a market cap above $100 billion and changing the standard used by antitrust regulators when considering whether a company’s actions are anticompetitive.
Its intended goal is to curb the ability of large companies to use their size to squeeze out the competition by buying up other companies.
The problem is, this push to rein in Big Tech…
