Developer polling earlier this year, however, contradicts the Senators’ bill’s premise.
Washington D.C., November 9th, 2021 – The Developers Alliance has issued a statement following the introduction of the Platform Competition and Opportunity Act by Senator Amy Klobuchar (D-MN), Chairwoman of the Senate Judiciary Subcommittee on Competition Policy, Antitrust, and Consumer Rights, and Senator Tom Cotton (R-AR).
According to Sen. Klobuchar’s statement, the Platform Competition and Opportunity Act will “…help stop anticompetitive mergers and acquisitions by dominant online platforms.” The law is designed to create systemic barriers to acquisition in technology industries, especially when by a larger company.
The Developers Alliance statement is provided below and can be attributed to Sarah Richard, Policy Counsel & Head of US Policy:
“In our February 2021 polls of the developer community, we found that more than half of developers believe being acquired is beneficial to them, and an even larger percentage see the benefits to acquisition, even if they aren’t currently pursuing it. Congress however believes they know what is better for small businesses than the developers who run these companies. While developers believe in a robust FTC and antitrust provisions and the need to enforce them, this bill shows there is a fundamental misunderstanding of the beneficial role acquisition plays in a thriving, dynamic, and highly competitive tech ecosystem.”
About The Developers Alliance
The Developers Alliance is the world’s leading advocate for software developers and the companies invested in their success. Alliance members include industry leaders in consumer, enterprise, industrial, and emerging software development, and a global network of more than 70,000 developers.