sells its own products as well as goods from independent merchants on a single platform. The Congressional report alleged that Amazon has"monopoly power" over many of these merchants, which"do not have a viable alternative to Amazon for reaching online consumers." The result, the report alleged, is a"conflict of interest" in which Amazon has an incentive to use competing merchants' data and can advantage its own goods and services.
The fix: 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.
The fix: 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.
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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
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