|Weekly News Digest
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'House Lawmakers Condemn Big Tech's "Monopoly Power" and Urge Their Breakups' by Cecilia Kang and David McCabe
Cecilia Kang and David McCabe report the following for The New York Times:
House lawmakers who spent the last 16 months investigating the practices of the world’s largest technology companies said on [Oct. 6] 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.
In a 449-page report that was presented by the House Judiciary Committee’s Democratic leadership, lawmakers said the four companies had turned from ‘scrappy’ start-ups into ‘the kinds of monopolies we last saw in the era of oil barons and railroad tycoons.’ The lawmakers said the companies had abused their dominant positions, setting and often dictating prices and rules for commerce, search, advertising, social networking and publishing.
To amend the inequities, the lawmakers recommended restoring competition by effectively breaking up the companies, emboldening the agencies that police market concentration and throwing up hurdles for the companies to acquire start-ups. …
The House report is the most significant government effort to check the world’s largest tech companies since the government sued Microsoft for antitrust violations in the 1990s. It offers lawmakers a deeply researched road map for turning criticism of Silicon Valley’s influence into concrete actions.
For more information, read the article.
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