House Panel Says Big Tech Wields Monopoly Power - News Summed Up

House Panel Says Big Tech Wields Monopoly Power


WASHINGTON—America’s biggest technology companies have leveraged their dominance to stamp out competition and stifle innovation, according to a Democratic-led House panel, which said Congress should consider forcing the tech giants to separate their dominant online platforms from other business lines. The report released Tuesday from Democratic staff of the House Antitrust Subcommittee capped a 16-month inquiry into the market power of Amazon.com Inc., Facebook Inc., Alphabet Inc.’s Google and Apple Inc.Republicans...


Source: Wall Street Journal October 06, 2020 20:45 UTC



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