How Big Tech companies gain and maintain dominance, according to U.S. lawmakers

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 80%

Business News News

Business Business Latest News,Business Business Headlines

Recommendations could lead to the breakup of tech companies if approved by Congress

The lawmakers’ proposals could force Apple to stop competing in markets where its rivals rely on its App Store to reach consumers. While the report has few details on how such rules would work, in theory they could force Apple to exit major businesses such streaming music, streaming television and cloud storage. Another proposal to create rules against self-preference could hamper Apple’s ability to remove apps from its App Store that compete with its own services.

Investigators said the company’s two biggest acquisitions, of Instagram and WhatsApp, fit that pattern. They also accused Facebook of selectively enforcing its platform policies to defuse a threat from video-sharing app Vine, which Twitter shut down in 2016.The report stopped short of recommending a breakup of Facebook, but proposed boosting the budgets of antitrust enforcers and allowing them more leeway to stop companies from purchasing would-be rivals.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hootsuite Whistleblower Fired After Revealing Company's Contract With ICEShe accused the company of “putting profits over people” by partnering with the U.S. immigration enforcement agency. Hootsuite.. Sounds like something corrupt politicians use to get their booty calls. Sadly thats the reality of life. You cause your employer harm and they cause you harm. mini_bubbly Good job. She should give lessons to Kayleigh McEnany PressSec and KellyannePolls .
Source: HuffPostCanada - 🏆 61. / 53 Read more »