House Opens Tech Antitrust Inquiry With Look at Threat to News Media
Posted in: Government & Policy at 12/06/2019 19:13
A congressional investigation into the power of big tech companies began on Tuesday with bipartisan concern from lawmakers that the government’s lax oversight of the industry may be doing more harm than good.
In its first hearing about the power held by Google, Facebook, Amazon and Apple, lawmakers focused on the decline of the news industry. They said they were troubled that the online digital advertising market, which is dominated by Google and Facebook, had siphoned off too much revenue from news organizations.