Wednesday, 07 Oct 2020 07:45 AM MYT
The antitrust subcommittee of the Judiciary Committee recommended that Alphabet Inc’s Google, Apple Inc , Amazon.com and Facebook should not both control and compete in related businesses, but stopped short of saying a specific company should be broken up. In anticipation of the report, Amazon warned in a blog post yesterday against “fringe notions of antitrust” and market interventions that “would kill off independent retailers and punish consumers by forcing small businesses out of popular online stores, raising prices and reducing consumer choice.”
Coming just weeks before the November 3 presidential election, the content of the report became increasingly political, an opportunity for Republicans and Democrats to boost their credibility in the fight against market domination by big tech companies. Separately, the US Justice Department is investigating large technology companies and is expected to bring a lawsuit against Google soon.
Facebook’s acquisition of Instagram in 2012 is an example of this. Instagram at the time was small and insignificant, but Facebook CEO Mark Zuckerberg saw its potential and noted that it was “building networks that are competitive with our own” and “could be very disruptive to us,” the report said.
There will be better platform for people to use ok. Its coming down...get ur popcorn or keropok or whatever...
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