Tech Antitrust & M&A

California is moving to do what federal regulators 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 by State Senator Scott Wiener with backing from Y Combinator's Garry Tan, the bill takes direct aim at the platform behaviors that have defined Big Tech's dominance over startups. With consumers, businesses, and the state AG all empowered to sue, the stakes for Silicon Valley's biggest players are enormous.