House Report Slams Big Tech's Abuse Of Monopoly Power
Law360 (October 6, 2020, 9:33 PM EDT) -- After more than a year of investigation, the House Subcommittee on Antitrust dropped a 449-page report Tuesday pushing for antitrust reforms to combat the monopoly powers exerted by big technology companies, with a particular focus on Facebook, Google, Amazon and Apple.
The investigation, launched in June 2019, found that the four platforms' combined valuation surpasses $5 trillion — or more than a third of the value of the S&P 100 — and highlighted evidence of monopolization and monopoly power.
"For example, the strong network effects associated with Facebook has tipped the market toward monopoly such that Facebook competes more vigorously among...
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