US crackdowns on large tech is set to rise as Joe Biden plans to install Jonathan Kanter as the head of the Justice Department’s antitrust division, according to Bloomberg.

  • Kanter has been a strong advocate of meaningful competition policy and antitrust enforcement and his appointment could increase reign over tech giants.
  • Kanter, now 47 years, has in the past, represented companies in antitrust instigation of Google which is still facing a monopoly suit
  • The tech foe is an antitrust experts and lawmakers’ favorite, seeking to curtail monopoly power of tech giants by calling for more aggressive actions.
  • The appointment of Kanter follows an executive order by Biden that seeks to promote competition across the industries.

Kanter would become one of the US top antitrust officials alongside FTC’s Lina Khan overseeing antitrust compliance in Biden’s administration.

GOOGL closed up +1.31% on Tuesday, FB is down -0.19% on premarket, AMZN is up +0.079% on premarket, MSFT is up +0.10% on premarket.