Tag Archive : Factbox

/ Factbox

(Reuters) – Democrats from a U.S. House of Representatives subcommittee issued a report on Tuesday detailing tactics it said four of the biggest technology companies used to gain dominant positioning in online search, advertising, social networking shopping and other businesses.

Facebook logos are seen on a mobile phone in this picture illustration taken December 2, 2019. REUTERS/Johanna Geron/Illustration/Files

Here are notable findings.

AMAZON

The issue: Amazon.com Inc AMZN.O sells its own products as well as goods from independent merchants on a single platform. The Congressional report alleged that Amazon has “monopoly power” over many of these merchants, which “do not have a viable alternative to Amazon for reaching online consumers.” The result, the report alleged, is a “conflict of interest” in which Amazon has an incentive to use competing merchants’ data and can advantage its own goods and services.

The fix: The report recommends Congress consider removing the conflict by

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