House investigation faults Amazon, Apple, Facebook and Google for engaging in anti-competitive monopoly tactics
October 7, 2020 | technology | No Comments
Congressional investigators faulted Facebook for gobbling up potential competitors with impunity, and they concluded that Google improperly scraped rivals’ websites and forced its technology on others to reach its pole position in search and advertising. The lawmakers’ report labeled both of those firms as monopolies while faulting the federal government for failing to crack down on them sooner.
Amazon and Apple, meanwhile, exerted their own form of “monopoly power” to protect and grow their corporate footprints. As operators of two major online marketplaces — a world-leading shopping site for Amazon, and a powerful App Store for Apple — the two tech giants for years set rules that essentially put smaller, competing sellers and software developers at a disadvantage, the report found.
The House investigation stopped short of calling on the Trump administration to break up any of the companies. Instead, it proposed the most sweeping overhaul of U.S. antitrust law