US House committee approves blueprint for big tech crackdown

The U.S. House of Representatives Judiciary Committee formally approved a report accusing Big Tech companies of buying or crushing smaller firms, Representative David Cicilline's office said in a statement on Thursday.

With the approval during a marathon, partisan hearing, the more than 400-page staff report will become an official committee report, and the blueprint for legislation to rein in the market power of the likes of Alphabet Inc's Google, Apple Inc, Amazon.com Inc and Facebook Inc.

This could be potentially really good news, but let's just say that US Congress hasn't exactly been the most reliable governmental body, so I won't cheer until Biden signs a dotted line.