JUST IN: Apple, Amazon, Facebook and Google are monopolies that must be restricted and regulated, House lawmakers conclude in a report that urges Congress to look at forcing 'structural separations' of the companies.
Facebook CEO Mark Zuckerberg , Google CEO Sundar Pichai, Apple CEO Tim Cook and Amazon CEO Jeff Bezos have been in the spotlight over the market power that their giant companies have.Facebook CEO Mark Zuckerberg , Google CEO Sundar Pichai, Apple CEO Tim Cook and Amazon CEO Jeff Bezos have been in the spotlight over the market power that their giant companies have.
The lawmakers say Congress should overhaul the laws that have let the companies grow so powerful. In particular, the report says, Congress should look at forcing"structural separations" of the companies and beefing up enforcement of existing antitrust laws. While the investigation was a bipartisan effort by the subcommittee, the final report has been met by partisan division over its recommendations. The Democratic majority staff authored the report, and no Republicans have publicly endorsed it so far.
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