Wednesday, 7 October 2020

US authorities accuse Facebook, Apple, Amazon and Google of market abuse

A panel of US House of Representatives established earlier today that four major technology companies are abusing their market power to destroy rivals and force small businesses to their knees in the name of profit. According to the antitrust subcommittee of the Judiciary Committee, Google, Apple, Amazon, and Facebook should not control and compete in the same business. The panel suggested these companies should be restructured but did not reveal whether a specific company should be broken up, as per the Reuters report. The full report is 449 pages long and suggests expansive...

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