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Warren, Ocasio-Cortez want to stop many company mergers during coronavirus pandemic

One critic of the potential bill was NetChoice, a trade group that counts Alphabet’s Google and Facebook among its members along with Expedia, Lime and Lyft. The group said the proposal was shortsighted.

“In hard economic times, often the only way to save a business and the jobs it provides is to seek investment from larger market players,” said Carl Szabo, vice president of NetChoice. “The bill’s effect would be to force businesses to go bankrupt rather than merge with a successful market player.”