'Near-perfect market intelligence': Why a House report says Big Tech monopolies are uniquely powerful - News Summed Up

'Near-perfect market intelligence': Why a House report says Big Tech monopolies are uniquely powerful


(CNN) The biggest finding from this week's House antitrust report on Big Tech isn't that Amazon, Apple, Google and Facebook are monopolies. And it's here that the House report makes its most significant claim — one that experts say may underpin future efforts by Congress to crack down on Big Tech. "'Novel' is a dirty word in antitrust"In some places, the House report compares Big Tech to the railroad and telephone tycoons of yore. And the House report tries to describe Big Tech's data practices as another example of the type of illegal behavior courts have ruled against for decades. As a result, he said, the House report asks jurists steeped in years of tradition to step outside their usual comfort zone.


Source: CNN October 10, 2020 12:45 UTC



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