The Big Tech Hearing Proved Congress Isn’t Messing Around

Legally speaking, this is damning stuff. The Clayton Act of 1914, the main federal antitrust statute, explicitly prohibits corporate acquisitions if “the effect of such acquisition may be substantially to lessen competition, or to tend to create a monopoly.” As Jerrold Nadler, the chairman of the House Judiciary Committee of which the antitrust subcommittee is […]