A House Subcommittee has concluded after a 16-month probe that four tech giants – Facebook, Apple, Amazon and Google — are monopolists and wants Congress to change antitrust laws to force the…
laws to force the companies to split off businesses or make it harder for them to buy smaller rivals.
Basically, the group needs to be reined in, according to the Jerrold Nadler-led House Judiciary Subcommittee on antitrust, which released a 450-page report Tuesday called Investigation of Competition in Digital Markets.
Some Republican members were against the most drastic recommendations in the report, like forcing the companies to break up. Recommendations include imposing structural separation and prohibiting dominant platforms from entering adjacent lines of business – for example, making Facebook divestand WhatsApp. The report wants the burden of proof to be shifted, meaning antitrust regulators start with the presumption that mergers by dominant platforms are anticompetitive. The company doing a given deal would have to prove that it won’t harm competition, rather than forcing a regulator to prove that it will.
The subcommittee found the companies anti-competitive in various areas as follows: Apple in distribution of software apps on iOS devices; Amazon, in relation to most third-party sellers and many suppliers; Facebook in online advertising and social networking; and Google in online search.
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