California bid to curb Big Tech self-preferencing fails after Apple-backed lobbying blitz
A California bill aimed at curbing self-preferencing by major tech companies has failed after significant lobbying efforts. The BASED Act sought to prevent trillion-dollar companies from prioritizing their own products over competitors. Despite initial support, the bill was ultimately defeated due to a strong opposition campaign led by industry groups.
- ▪The BASED Act aimed to prohibit companies with over $1 trillion in market value from favoring their own products.
- ▪The bill faced intense lobbying from the California Chamber of Commerce and the tech trade group Chamber of Progress.
- ▪Senator Scott Wiener indicated that the lobbying efforts against the bill were overwhelming and spread misinformation.
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