It is learned that on July 20, the U.S. House Judiciary Committee released a latest internal document, revealing that Amazon, Facebook, and Google favor their own products and abuse their dominant position to suppress competitors in order to achieve the goal of monopolizing the market.
The report comes as U.S. lawmakers push to approve stronger antitrust legislation by the end of the year. The new documents include internal Facebook documents showing the company believes it has a dominant position in the social media market and insulates itself from competitive threats.
"Other newly released documents include internal Google documents showing how it uses its control of the Android mobile operating system to prevent smartphone makers from launching products or services that compete with Google's line of mobile apps," the House Judiciary Committee said in a statement on Tuesday.
Amazon's internal documents show how Amazon abuses its dominance in the e-commerce market to coerce third-party sellers to purchase other services from Amazon, such as FBA logistics services and advertising.
"From Amazon and Facebook to Google and Apple, there is no doubt that these tech giants have become too powerful to be controlled and that they always put profits first," said Pramila Jayapal, vice chair of the House Antitrust Subcommittee.
The report states that it is time for Congress to act to protect consumers and promote competition. Jayapal said the Ending Platform Monopolies Act, which will be introduced by the end of this year, will be an important step toward curbing the power of big tech companies.
The 450-page report details the findings and recommendations of a bipartisan investigation that included seven congressional hearings, the production of nearly 1.3 million internal documents and communications from the companies under investigation, and submissions from 38 antitrust experts.
"The findings and recommendations make clear that it is long past time for Congress to meaningfully update our antitrust laws to address the lack of competition in digital markets and the monopoly power of dominant platforms like Amazon, Apple, Facebook, and Google," said House Judiciary Committee Chairman Jerrold Nadler, D-Calif.
Editor✎ Ashley/ Disclaimer: This article is copyrighted and may not be reproduced without permission. |
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