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House antitrust panel's report urges tackling 'monopoly power' at four tech giants
Posted on 10/6/20 at 3:37 pm
Posted on 10/6/20 at 3:37 pm
quote:
After a 16-month investigation into competitive practices at Apple, Amazon, Facebook and Google, the House Judiciary subcommittee on antitrust has released its findings and recommendations on how to reform laws to fit the digital age.
quote:
The report concludes that the four Big Tech companies enjoy monopoly power and suggest Congress take up changes to antitrust laws that could result in parts of their businesses being separated.
quote:
The Democratic report found that the four tech companies enjoy monopoly power in the following areas: Apple: distribution of software apps on iOS devices. Amazon: most third-party sellers and many suppliers. Facebook: online advertising and social networking. Google: online search.
CNBC Link
Uh oh
7
Posted on 10/6/20 at 5:35 pm to UltimaParadox
Facebook and Google Biden Ads
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Posted on 10/6/20 at 5:39 pm to UltimaParadox
quote:
The Democratic report found that the four tech companies enjoy monopoly power in the following areas: Apple: distribution of software apps on iOS devices. Amazon: most third-party sellers and many suppliers. Facebook: online advertising and social networking. Google: online search. And Government: fricking things up
This post was edited on 10/6/20 at 5:41 pm
Posted on 10/6/20 at 7:58 pm to castorinho
you do not want monopolized data gathering. You just don’t.
I won’t be disappointed in the least of some forced selling off and spin offs occur
I won’t be disappointed in the least of some forced selling off and spin offs occur
Posted on 10/6/20 at 8:07 pm to UltimaParadox
Regulators can any argument that a company is a monopoly. Good luck with this going anywhere. Amazon having a monopoly on the distribution of third party e-commerce sales? 
I can't wait to see how they propose to "break this up"
I can't wait to see how they propose to "break this up"
This post was edited on 10/6/20 at 8:09 pm
Posted on 10/6/20 at 9:32 pm to UltimaParadox
I’m afraid some of y’all don’t know how this works:
They release this report, maybe a hearing or two, and the big 4 will increase their “lobbying” efforts to these congressmen, and it’ll go away.
This is America after all.
They release this report, maybe a hearing or two, and the big 4 will increase their “lobbying” efforts to these congressmen, and it’ll go away.
This is America after all.
Posted on 10/6/20 at 10:32 pm to BamaCoaster
quote:
I’m afraid some of y’all don’t know how this works:
They release this report, maybe a hearing or two, and the big 4 will increase their “lobbying” efforts to these congressmen, and it’ll go away.
This is America after all.
The new antitrust law will be written by the big 4...
Posted on 10/7/20 at 9:59 am to BamaCoaster
quote:
They release this report, maybe a hearing or two, and the big 4 will increase their “lobbying” efforts to these congressmen, and it’ll go away.
I’m not going to say this won’t happen, but as big and bad as you all think the big 4 are, they aren’t a pimple on the arse of what Standard Oil and its peers were when they were dismantled. If the political willpower is there (and I believe it may very well be) they will most certainly be reined in.
ETA: A prime example is the H1-B program changes. That was merely the first salvo at big tech. I’ll bet good money there will be more.
This post was edited on 10/7/20 at 10:35 am
Posted on 10/7/20 at 11:00 am to UltimaParadox
quote:
House antitrust panel's report urges tackling 'monopoly power' at four tech giants
oh wow
so this isn't a GOP-led thing
Posted on 10/7/20 at 11:04 am to Decisions
God I can't wait to pick up some AWS shares 
Posted on 10/7/20 at 11:13 am to UltimaParadox
quote:By that logic then they'd have to go after Nintendo, Microsoft or Sony for enjoying monopolies on distributing software on the Switch, Xbox, and Playstation.
Apple: distribution of software apps on iOS devices
The only one I really agree is a monopoly for the reasons they said is Facebook as a social media monopoly because they keep buying up competitors. They tried buying out Snapchat and already bought out Whatsapp and Instagram.
As much as I hate Google's politics, its not their fault nobody wants to use Yahoo or Bing for their search engine. Amazon doesn't hold a monopoly on 3rd party sellers...Walmart, Target, and Newegg all have 3rd party sellers on their sites.
Posted on 10/7/20 at 4:13 pm to UltimaParadox
Microsoft in the meanwhile
Posted on 10/7/20 at 6:44 pm to Decisions
quote:
I’m not going to say this won’t happen, but as big and bad as you all think the big 4 are, they aren’t a pimple on the arse of what Standard Oil and its peers were when they were dismantled. If the political willpower is there (and I believe it may very well be) they will most certainly be reined in.
Maybe, but these tech companies have all our data and communications and secrets, so they prob have more dirt on the Reps than Standard Oil.
Posted on 10/7/20 at 7:23 pm to cgrand
quote:
won’t be disappointed in the least of some forced selling off and spin offs occur
Speak for yourself.
I have a recent position in Apple and already down enough.Posted on 10/8/20 at 6:13 am to Tiger Prawn
quote:
The only one I really agree is a monopoly for the reasons they said is Facebook as a social media monopoly because they keep buying up competitors. They tried buying out Snapchat and already bought out Whatsapp and Instagram.
As much as I hate Google's politics, its not their fault nobody wants to use Yahoo or Bing for their search engine
i mean, Google did buy Youtube and now YT is the #2 search engine on earth
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