House lawmakers released a scathing report on four of the world’s largest tech companies, accusing them of abusing their market power. The report, which was released on Tuesday and concludes a 16-month investigation into Amazon, Apple, Facebook and Google, recommended breaking up the companies and passing the most sweeping reforms to antitrust laws in decades.
It was as if the Interstate System of highways had been built using volunteer road crews, working without a map. No one present at the 1969 creation of the network that later became the internet imagined that this niche Pentagon project — built as a research tool for a small group of academic computer scientists — would one day become the backbone of the global economy.
House lawmakers who spent the last 16 months investigating the practices of the world’s largest technology companies said on Tuesday that Amazon, Apple, Facebook and Google had exercised and abused their monopoly power and called for the most sweeping changes to antitrust laws in half a century.
The Department of Justice’s impending lawsuit against Google has narrowed to focus on the company’s power over internet search, a decision that could set off a cascade of separate lawsuits from states in ensuing weeks over the Silicon Valley giant’s dominance in other business segments.
As the computing conglomerate has grown, so too have the risks that it becomes more like a conventional company
Wednesday’s five-plus-hour congressional probing of the bosses of America’s tech giants did not reveal a singular “gotcha” moment or smoking gun email. We’ve heard many of these examples of Big Tech abuse before.
The coronavirus crisis might be causing widespread economic upheaval around the world, but the world’s biggest tech firms are thriving.
Google, Amazon and Qualcomm finance a George Mason University institute teaching a hands-off approach to antitrust regulators and judges.