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...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!