Facebook, Amazon, Google and Apple Have ‘Monopoly Power’ Over Competitors, House Subcommittee Finds
thewrap.comAlso Read: House Antitrust Panel Asks Facebook, Amazon, Google, Apple to Share Internal DocumentsTuesday’s release comes after a 16-month investigation that included the review of more than 1 million documents.
It recommends a number of changes, including:– Having antitrust agencies anticipate mergers from major tech companies are inherently anticompetitive — forcing companies to prove why their deals do not stifle competition– Changing “problematic precedents” under current antitrust law– Stricter limitations on tech giants, barring them from operating in adjacent lines of business”– “Nondiscrimination requirements, prohibiting dominant platforms from engaging in self-preferencing, and requiring them to offer equal terms for equal products.
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