Biden will sign a decree limiting the monopoly of IT giants in the United States

US President Joe Biden will sign an executive order on Friday restricting large tech companies from using non-competitive practices, reports The New York Times. According to the publication, the document is aimed at companies such as Google, Facebook, Apple and Amazon.

IT giants are dominating by taking over smaller companies before they become serious competitors, as well as using accumulated consumer data, the decree says. Biden, according to the NYT, will require regulators to take a closer look at big tech and reconsider the principles for approving such transactions.

In addition, the document contains a number of measures against the leading US telecom operators - Comcast, AT & T and Verizon. According to US authorities, consumers now have few choices and pay too much for Internet services.

In addition, the decree will restore the rules of net neutrality - prohibiting ISPs from blocking certain content, slowing down its delivery, or allowing customers to pay more for faster delivery of their content. These rules were first adopted by the Obama administration, but Donald Trump repealed them.

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This is not the first time US authorities have raised concerns that the tech giants have gained enormous power in the market. In October last year, the US Department of Justice filed a lawsuit against Google for abuse of a monopoly position in the search and online advertising market. This lawsuit may lead to the division of the company into parts. In Russia, in April of this year, a case was also initiated against Google because of the "dominant position" of YouTube.