Proposed bill would stop Apple and other tech giants from acquiring companies

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iPhone 12 Pro parts cost shockingly little
Bill would stop tech giants splashing the cash.
Photo: Cult of Mac

Sen. Josh Hawley introduced a bill Monday that would ban mergers and acquisitions by companies with market caps in excess of $100 billion. If passed, the bill could have a massive impact on technology companies, including Apple.

Apple, for the record, currently has a market cap of $2.2 trillion. Other tech giants worth upward of $100 billion include Microsoft, Amazon, Alphabet, Facebook, Uber, Airbnb and Netflix.

Senator wants Tim Cook to take personal responsibility for contact-tracing data privacy

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Senator Hawley is concerned about Apple and Google's privacy for contact-tracing data.
Photo: Apple/Google

Sen. Josh Hawley wants Apple and Google to have some skin in the game when it comes to keeping data private in their joint coronavirus contact-tracing project. Hawley’s idea? That the Apple and Google CEOs — Tim Cook and Sundar Pichai, respectively — should take personal responsibility for ensuring the data is kept private.

“If you seek to assure the public, make your stake in this project personal,” the Republican senator from Missouri wrote Tuesday in a letter to Cook and Pichai. “Make a commitment that you and other executives will be personally liable if you stop protecting privacy, such as by granting advertising companies access to the interface once the pandemic is over.”