All of these companies are engaging in deeply disturbing behavior and forcing Congress to act. The kind of common theme is the abuse of their market power to maintain their dominance in the market, to crush competitors, to exclude people from their platform, and to earn monopoly rents.
The Cicillin committee has conducted a wide-ranging investigation for more than a year into the tech giants, but it refuses to detail the recommendations that will be offered to change the antitrust laws. The Democrat has already defended a “Glass-Steagall law” for technology platforms, which should prohibit large companies from competing on a platform they manage.
In a previous interview with Bloomberg TV, Cicillin said he sees the separation of functions of platform companies as a “very interesting idea.” He thinks it’s a way to separate a conflicting relationship between large companies and their competitors, citing Amazon as an example, as the company runs a marketplace and also offers its own line of products that compete with third-party vendors. .
The House antitrust committee plans to release its report in September, while the committee plans to look at existing antitrust laws created over a century ago, requiring specific reforms in the tech sector.
Apple has faced several charges of anti-competitive practices around the world, most of which relate to the iOS App Store. Apple CEO Tim Cook testified last month at a U.S. Judicial Committee antitrust hearing, which also heard from CEOs of Amazon, Google and Facebook.
While companies such as Tile, Spotify and Hey claimed that Apple was giving itself an unfair advantage for its own services, Epic Games recently launched a legal battle against Apple after the company removed the popular game Fortnite from the App Store. .
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