Tech Antitrust & M&A

California is moving to do what Washington 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 and backed by Y Combinator's Garry Tan, the bill targets companies with over $1 trillion in market cap and gives consumers, businesses, and the AG independent power to sue. If it passes, it would be the most aggressive platform antitrust law in the country — applied directly in Big Tech's home state.