Facebook, Amazon, Google and Apple refute House Judiciary report suggesting Big Tech restraints

Amazon, Apple, Facebook and Google are rebuking a House Judiciary Committee report from Democratic lawmakers that suggests Congress should pass legislation to rein in Big Tech.

4 Big Tech CEOs draw scrutiny on Capitol Hill

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The report, issued Tuesday and entitled “Investigation of Competition in Digital Markets,” suggests reforms aiming to “address anticompetitive conduct in digital markets” and strengthen antitrust enforcement.

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In addition to proposing separations of some dominant tech platforms from the companies’ other businesses, the report also calls for the platforms to be required to offer equal terms for equal products and services for all users. It proposes laws be changed to impose a higher bar for approving future tech industry mergers and acquisitions.

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“To put it simply, companies that once were scrappy, underdog startups that

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U.S. House Judiciary antitrust report likely to come out as soon as Monday October 5: source

FILE PHOTO: The logos of Amazon, Apple, Facebook and Google in a combination photo from Reuters files

WASHINGTON (Reuters) – The U.S. House of Representatives Judiciary Committee’s antitrust subcommittee is expected to release a much-anticipated report into antitrust allegations against four of America’s largest tech companies as soon as Monday, according to a source with direct knowledge of the matter.

The chief executives of four of the world’s largest tech companies, Amazon.com Inc, Facebook Inc, Apple and Alphabet’s Google, testified before the panel in July.

During the hearing, the four CEOs parried a range of accusations that they crippled smaller rivals in their quest for market share. The four companies have a combined market value of about $5 trillion.

The House antitrust subcommittee plans to hold a hearing on Friday on proposals to strengthen antitrust laws and restore online competition as it nears the release of this long-awaited report on

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U.S. House Judiciary antitrust report likely to come out as soon as Monday Oct. 5 – source

FILE PHOTO: The logos of Amazon, Apple, Facebook and Google in a combination photo from Reuters files/File Photo

WASHINGTON (Reuters) – The U.S. House of Representatives Judiciary Committee’s antitrust subcommittee is expected to release a much-anticipated report into antitrust allegations against four of America’s largest tech companies as soon as Monday, according to a source with direct knowledge of the matter.

The chief executives of four of the world’s largest tech companies, Amazon.com Inc, Facebook Inc, Apple and Alphabet’s Google, testified before the panel in July.

During the hearing, the four CEOs parried a range of accusations that they crippled smaller rivals in their quest for market share. The four companies have a combined market value of about $5 trillion.

The House antitrust subcommittee plans to hold a hearing on Friday on proposals to strengthen antitrust laws and restore online competition as it nears the release of this long-awaited report

Read More
Read More