deadline.com
62%
111
Facebook, Amazon, Apple, Google Are Monopolists, House Antitrust Subcommittee Finds, Seeks Changes
Jill Goldsmith Co-Business EditorA House Subcommittee has concluded after a 16-month probe that four tech giants – Facebook, Apple, Amazon and Google — are monopolists and wants Congress to change antitrust laws to force the companies to split off businesses or make it harder for them to buy smaller rivals.Basically, the group needs to be reined in, according to the Jerrold Nadler-led House Judiciary Subcommittee on antitrust, which released a 450-page report Tuesday called Investigation of Competition in Digital Markets. The Democratic majority staff read millions of documents, had numerous interviews and held hearings – most recently and awkwardly in July when the four CEOs testified on Capitol Hill.