Congress' Big Tech investigation finds companies wield 'monopoly power'

  • 📰 cnnbrk
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 55%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

A 16-month congressional investigation into Amazon, Apple, Google and Facebook has found that the tech giants hold 'monopoly power' in key business segments and have abused their dominance in the marketplace

A 16-month congressional investigation into Amazon, Apple, Google and Facebook has found that the tech giants hold"monopoly power" in key business segments and have abused their dominance in the marketplace, in a full-throated condemnation of the giants.

The findings set the stage for possible future legislation designed to rein in Big Tech, even as antitrust enforcers at the Justice Department and the Federal Trade Commission gear up for potential litigation against some of the companies.

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:

 /  🏆 393. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Don't worry, Joe will make sure the intrusion continues.

HandsoffAmazon and Amazon is big because the Obama regime destroyed the ability to shop at Sears.

limlouisa what has this done to AT&T or $msft? How does USA IT compete vs China monopolies? BaldingsWorld ewong

Shocked really, complete surprise

No shit Sherlock. Now go find something no one knows.

Yes they do! They attacked my Facebook for being Pro-Black and Anti-racist / spreading truth to my friends and family. I lost tons of photos I didn’t even think of backing up (ya whatever). The suppression. The monopoly. Awful.

Why does this surprise anyone? We had to stay home at the early stages of the pandemic and order online. Duh!

Old fashioned robber barons.

16 months, huh? Slowpokes.

NOOOOOOOOOO! I would never have thought so!

Duh

So an oligopoly then?

Make your mind up CNN, you are praising Facebook one day and grilling them the next.

I'm sorry....are we shocked?

You don't say.

Next do a study on the media being owned by liberal billionaires

The four horsemen

So maybe NOW they can pay their fare share of taxes? Like 1? So disgusted.

Duh... that took 16 months? So now what?

I.e. the politicians are doing a shakedown for some more campaign 'contributions'.

No shit, Sherlock.

Oh really?

If Trump looses, New York Times will need for Carlos Slim to bail them out again like he did a few years ago ! So that It can afford to keep all their overpaid vitriolic writers on the payroll ! Slim had to invest $500,000,000.00 to keep NYT from going bankrupt !

Canada Canada Latest News, Canada Canada Headlines

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

Democrat, Republican lawmakers tussle over Big Tech breakup - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Yes
Source: BusinessInsider - 🏆 729. / 51 Read more »