U.S. lawmakers detail Big Tech’s market abuses and press for strict reform

(Reuters) – A U.S. House of Representatives panel looking into abuses of market power by four of the biggest technology companies found they used “killer acquisitions” to smite rivals, charged exorbitant fees and forced small businesses into “oppressive” contracts in the name of profit.

The antitrust subcommittee of the Judiciary Committee recommended that Alphabet Inc’s GOOGL.O Google, Apple Inc AAPL.O, Amazon.com AMZN.O and Facebook FB.O should not both control and compete in related businesses, but stopped short of saying a specific company should be broken up.

The scathing 449-page report described dozens of instances where the companies misused their power, revealing corporate cultures apparently bent on doing what they could to maintain dominance over large portions of the internet.

“To put it simply, companies that once were scrappy, underdog startups that challenged the status quo have become the kinds of monopolies we last saw

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