The US House of Representatives antitrust report on Technology companies The big padded call to break up those companies.
The information is according to Republican US House Member Ken Buck about a draft I read By Reuters.
The US House of Representatives’ Antitrust Subcommittee is expected to publish its report this week on Amazon, Apple, Facebook and Alphabet, which owns Google.
A representative of Buck confirmed to Reuters the authenticity of the draft it had published magazine Politico for the first time.
Buck said about the draft: He shares Democrats’ concerns about the power of the big tech companies, with their penchant for acquisitions to eliminate competitors and self-preference in directing customers to their other products.
However, he objected to a plan requiring those companies to define a single, clear line of business.
The social media platform Facebook owns the WhatsApp and Instagram platforms, and the business activities of Google, which provides the search engine, include YouTube and Android, while Amazon, the leader in e-commerce, operates a massive cloud computing unit.
“This proposal is a somewhat veiled call for the dismantling of the big tech companies, and we do not agree with the majority approach,” Buck said.
It is not known how many Republicans support the report led by Democrat David Cicilline.
Typically, bipartisan reports and recommendations have greater impact.
“The report provides a chilling look at how Apple, Google, Amazon and Facebook are using their power to control how we see and understand the world,” Buck wrote.
Buck agreed to some of the report’s recommendations, such as making it easier for the Department of Justice and the Federal Trade Commission to stop mergers by reducing the burden of proof, and allowing consumers to control their data through data portability and interoperability between platforms.
“These potential changes need not be dramatic to be effective,” Buck wrote. Pak also expressed dismay that the report failed to address conservative claims that some platforms attempted to stifle conservative voices.
These recommendations are the result of a yearlong investigation conducted by the US House of Representatives Antitrust Committee, and – if approved – represent the most dramatic reform of competition law in decades.