Lawmakers' Report Signals Trouble Ahead for Big Tech

By Sheridan Fifer

Following a sixteen month investigation of tech giants Amazon, Apple, Google, and Facebook, the House Judiciary antitrust subcommittee has released a report accusing these big tech companies of "abuses of monopoly power." This subcommittee of the US House of Representatives is urging a restructuring of these companies, as well as other measures. All four of these companies are also being investigated by the Department of Justice, the Federal Trade Commission, or both. The scrutiny and the conclusions of the House subcommittee signal trouble for the tech giants, who pushed back against the claims of the report. Amazon called the report fallacious and flawed and said that if its suggestions were implemented, it would have the effect of harming small businesses and consumers. 

The subcommittee likens the tech companies to monopolies from "the era of oil barons and railroad tycoons." 

Read the full story at CNET.