House lawmakers released a scathing report on Tuesday, concluding a 16-month investigation into four of the world's largest tech companies, accusing them of abusing their market power
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House lawmakers released a scathing report on four of the world’s largest tech companies, accusing them of abusing their market power. The report, which was released on Tuesday and concludes a 16-month investigation into Amazon, Apple, Facebook and Google, recommended breaking up the companies and passing the most sweeping changes to antitrust laws in decades.
Here is a summary of the accusations against each company in the report, which was endorsed only by Democratic lawmakers.
Amazon
— The company uses its market power as both the largest online retailer and the leading e-commerce marketplace to its advantage and to hobble potential competitors. Amazon sets the rules for digital commerce. About 2.3 million third-party sellers do business on the Amazon marketplace worldwide, the report said, and 37% of them rely on Amazon as their sole source of income — essentially making them hostage to Amazon’s shifting tactics.
— Amazon harvests the sales and product data from its marketplace to spot hot-selling items, copy them and offer its own competing products, typically at lower prices. One former Amazon employee told the House investigators, “Amazon is first and foremost a data company, they just happen to use it to sell stuff.”
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