Many lawmakers are eager to rein in the power of the largest tech companies: Amazon, Apple, Facebook and Google.
But some of their proposals could actually hurt the smaller companies they’re meant to protect, venture capitalists warned CNBC.
VCs are particularly concerned about efforts in Congress to restrict mergers and acquisitions by dominant platforms. Some of those proposals would work by shifting the burden of proof onto those firms in merger cases to show their deals would not harm competition.
