Here Is What we Heard out of This Enormous House antitrust report

Expand / The United States Capitol Building, the chair of Congress, on the National Mall in Washington, DC.

Last June, the House Judiciary Subcommittee on Antitrust, Commercial, and Administrative Law started a comprehensive investigation to four Important companies –Amazon, Apple, Facebook, and Google. The subcommittee needed to answer one crucial question: did Enormous Tech get large playing with the rules, nor does this cheat to remain in the very top? Following 16 weeks of hearings, study, and evaluation, the board’s findings come outside… and also the results seem very bad for each and each business involved.

The technology industry does indeed have problems with abuses of”monopoly power,” that the subcommittee concluded in the colossal 450-page report (PDF) released late yesterday afternoon.

“Since they exist now, Apple, Amazon, Google, and Facebook each have significant market power over large swaths of the market. In the last few decades, every firm has expanded and manipulated their own power of their market in anticompetitive ways,” Judiciary Committee Chairman Jerrold Nadler (D-N.Y.) and antitrust subcommittee Chairman David Cicilline (D-R.I.) stated in a joint announcement. “Our analysis leaves no doubt that there’s a very clear and convincing need for Congress and the antitrust enforcement agencies to take actions that restores rivalry, enhances creation, and protects our democracy”