House Democrats push Congress to break up Big Tech monopolies
A 449-page report recommends sweeping legal changes to promote competition in tech.
Congress should consider forcing the breakup of Apple, Amazon, Facebook and Google into smaller companies that can’t enter into adjacent lines of business (via NBC News). That’s the main recommendation of a 449-page report (PDF) the Democrats on the House Judiciary subcommittee on antitrust published on Tuesday following the panel’s 16-month investigation into big tech that saw the CEOs from all four companies testify before Congress. They say all four companies enjoy monopolies in at least one of the verticals in which they operate.
“During the investigation, Subcommittee staff found evidence of monopolization and monopoly power,” the report says. It goes on to argue the dominance of Apple, Amazon, Facebook and Google has “diminished consumer choice, eroded innovation and entrepreneurship in the U.S. economy, weakened the vibrancy of the free and diverse press and undermined Americans’ privacy.” ….read more at:
https://www.engadget.com/house-judiciary-antitrust-report-211808827.html?itm_source=parsely-api