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US House Antitrust report might be the beginning of Big Tech's reckoning

Each of the company's anticompetitive practices were presented in excruciating detail in the report

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Amazon | Facebook

A Gary Shilling  |  Mumbai 

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A Gary Shilling

It’s finally here. After an investigation that lasted more than a year, a U. S.

House antitrust subcommittee has come up with a robust game plan to rein in the biggest tech giants. In a report issued Tuesday, the panel accused Amazon.com Inc., Apple Inc., Facebook Inc. and Google parent Alphabet Inc. — whose collective market value is more than $5 trillion — of abusing the power of their platforms to cut off competitors and extend their dominance. It calls for a structural breakup of their businesses. I can’t argue with the logic, especially when it comes to ...

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First Published: Wed, October 07 2020. 12:04 IST