Tech Antitrust & M&A

California is moving to do what Congress couldn't: SB 1074, the BASED Act, would ban Apple, Amazon, Google, Meta, and Microsoft from self-preferencing their own products, mining competitor data, and tying marketplace access to other services. Introduced last week by State Senator Scott Wiener with Y Combinator's backing, the bill targets companies with over $1 trillion in market cap and opens enforcement to private lawsuits, not just regulators. If it passes, it would be the most significant platform antitrust law in the country.