A new Biden administration report suggests creating a new legislation to encourage competition for app makers and consumers, blaming Apple and Google's mobile app stores with stifle competition
In an op-ed in The Wall Street Journal in January, Biden called on Democrats and Republicans to rein in large tech firms without mentioning Apple or Google by name.
The current app store model - dominated by Cupertino, California-based Apple Inc. and Mountain View, California-based Google LLC - is “harmful to consumers and developers" by inflating prices and reducing innovation, the report from the department's National Telecommunications and Information Administration says.
“My vision for our economy is one in which everyone - small and midsized businesses, mom-and-pop shops, entrepreneurs - can compete on a level playing field with the biggest companies.”The Commerce Department report said “new legislation and additional antitrust enforcement actions are likely necessary” to boost competition in the app ecosystem.
“Historically, credit card companies charge relatively small penalty amounts for missed payments, but once they discovered that these fees could be a source of easy profits, late fees shot up with a surge occurring in the 2000s," Chopra told reporters.
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