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Feb. 4, 2021, 12:59 p.m. EST

Sen. Klobuchar introduces antitrust bill that would challenge big tech mergers

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By Jon Swartz

Sen. Amy Klobuchar (D., Minn.) on Thursday introduced a bill that would make it easier for the Justice Department and Federal Trade Commission to challenge tech mergers while also giving both agencies more money for staff. An aide for the newly-named chair of the Antitrust Subcommittee said the legislation won't single out big tech companies like Apple Inc. /zigman2/quotes/202934861/composite AAPL -2.58% , Alphabet Inc. /zigman2/quotes/202490156/composite GOOGL -2.56% /zigman2/quotes/205453964/composite GOOG -2.38% , Amazon.com Inc. /zigman2/quotes/210331248/composite AMZN -3.07% and Facebook Inc. /zigman2/quotes/205064656/composite FB -4.11% already under investigation for their business practices. Every deal will be subject to the new standard, which conceivably would impact the entire tech industry.

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US : U.S.: Nasdaq
$ 126.85
-3.36 -2.58%
Volume: 88.07M
May 10, 2021 4:00p
P/E Ratio
28.46
Dividend Yield
0.69%
Market Cap
$2172.90 billion
Rev. per Employee
$1.86M
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/zigman2/quotes/202490156/composite
US : U.S.: Nasdaq
$ 2,291.75
-60.18 -2.56%
Volume: 1.55M
May 10, 2021 4:00p
P/E Ratio
30.51
Dividend Yield
N/A
Market Cap
$1591.31 billion
Rev. per Employee
$1.35M
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/zigman2/quotes/205453964/composite
US : U.S.: Nasdaq
$ 2,341.66
-57.03 -2.38%
Volume: 1.30M
May 10, 2021 4:00p
P/E Ratio
31.18
Dividend Yield
N/A
Market Cap
$1591.31 billion
Rev. per Employee
$1.35M
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/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 3,190.49
-101.12 -3.07%
Volume: 5.84M
May 10, 2021 4:00p
P/E Ratio
60.72
Dividend Yield
N/A
Market Cap
$1660.04 billion
Rev. per Employee
$297,430
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/zigman2/quotes/205064656/composite
US : U.S.: Nasdaq
$ 305.97
-13.11 -4.11%
Volume: 24.24M
May 10, 2021 4:00p
P/E Ratio
26.17
Dividend Yield
N/A
Market Cap
$904.74 billion
Rev. per Employee
$1.47M
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