House Report Cites Monopoly Power Of Apple, Amazon, Facebook, Google

0
65

House Report Cites Monopoly Power Of Apple – In a comprehensive 449-page report, Haus Democrats outlined clear cases for removing the power that made each of them dominant in their fields from Apple, Amazon, Facebook, and Google.

The four companies have started as “scrappy underdog startup companies” but have become monopolies that must now be limited and regulated.

House Report Cites Monopoly Power Of AppleFour (4) Key  – Takeaways From Washington’s Big Tech Hearing On ‘Monopoly Power.“These four companies are becoming more and more digital gatekeepers in business and communications, and this gatekeeping power enables them to use this power tremendously,” a Lawyer for the Democratic majority in a briefing with journalists stated at the Subcommittee. House Report Cites Monopoly Power Of Apple

Legislators say that Congress should revise the laws that have allowed businesses to grow so strong. The report says that Congress should seek to force ‘structural divisions’ between companies and strengthen the enforcement of existing antitrustees’ laws.

If implemented, the recommendations could radically modify the way they work. For example, you could restrict Amazon’s marketing of its products in direct competition with sellers that rely on the platform to reach their customers. Google might not use the data collected on users and other Android operating systems to refine its products. In theory, after concern over how Facebook bought rivals, including Instagram and WhatsApp, Facebook could be barred from acquiring another competition.

Although the Subcommittee’s investigation was a bipartisan effort, its recommendations were complied with throughout the final report. The Democratic majority wrote the message, not yet publicly endorsed by any Republican.

The report quickly was rejected by Rep. Jim Jordan, R-Ohio, Republican ranking of the Judicial Committee. House Report Cites Monopoly Power Of Apple

“Big technology’s going to get conservatives,” he said in his remarks, repeating the conservatives’ frequent but unsubstantiated claim. ‘Unfortunately, the partisan report of the Democrats ignored this basic issue and potential solutions and instead put forward radical proposals to reshape antitrust law in the far left vision.’

R-Colonel Rep. Ken Buck published his recommendations to tackle tech’s power, claiming he did not endorse the report’s recommendation. He agreed, however, that Big Tech has grown too great and will work with the Democratic leadership of the Subcommittee to find solutions.

Buck said in a statement, “I’d rather see targeted enforcement of antitrust against costly and burdensome regulation that kills industry innovation.

Democrats expect a vote on the report following the recession of the House by the Subcommittee.

There’s More Big Tech In Your Life Than You Even Know. Check Out Your Stock Portfolio

This report culminates in a 16-month study of some of the world’s most valuable and influential companies. Notwithstanding the uncertain political future and broad recommendations, the report presents a new, reasonably comprehensive public evidence and internal documentation database highlighting the long-standing critiques of big technology.

One of the most visual findings was the fear expressed by Fortune 500 companies in dealing with the tech giants and feeling dependent on their whims, said one lawyer for the Antitrust Subcommittee. House Report Cites Monopoly Power Of Apple

Federal regulators, public prosecutors, and European authorities are also investigating the tech companies.

The central claims of each firm in the report are as follows:

See Also:

Amazon

The report says quite clearly that “Amazon is the dominant online marketplace” and shows that “Amazon serves as an e-commerce gatekeeper.”

Investigators explain the problematic relationship Amazon has with others on the platform, which Amazon calls “lived in fear of the company.”

The report defines that customers are “exploited” by the company’s predominancy: shoppers can not directly contact it, are often limited in their ability to sell on other platforms, and face “strong-armed tactics in negotiations.” House Report Cites Monopoly Power Of Apple

The authors also write that Amazon profits from others’ ideas and products, whether they are sellers, startups, or even open-source cloud developers.

Amazon released a blog post on Tuesday, which disproves “fallacies… in the core of regulatory antitrust spit-balling.” The post said, without calling the report directly: “The result would be fewer options and higher prices for consumers. These uninformed concepts would instead reduce it, far from enhancing competition.”

House Report Cites Monopoly Power Of Apple – Apple

The report states that Apple uses the “monopoly power” of its applications and disadvantageous competitors in the mobile app store market.

This dominance hurts innovation and increases consumer prices and choices, the House researchers found.

Apple leaves developers with little choice to reach customers, together with Google in its Google Play store, says the report. Adding the arrangement leaves developers in line with the “Arbitrary” implementation of Apple’s AP guidelines.

The report found that Apple and Google’s controversial 30% commission resulted in consumer price increases. Investigators say that despite costing about $100 million to operate, Apple generated billions of dollars in profit from the costs.

Apple said in a statement, “We strongly disagree” with the findings of the report.

Apple, the world’s most precious company, says it does not dominate any of its businesses.

“Competition is driving innovation, and innovation at Apple has always defined us,” says Apple. “We are constantly working to supply our customers with the best products, with their core security and privacy, and we are continuing this.”

Facebook

The report cites Facebook CEO Mark Zuckerberg and other top managers describing the company’s strategy to buy its rivals. Zuckerberg said in one internal communication that Facebook “can probably always buy competitive startups.”

Facebook used the information to identify potential rivals and “acquire, copy, or kill those companies,” according to the report. Researchers found that the monopoly power of Facebook “is steadfastly established and will not be eroded by competitive pressure. House Report Cites Monopoly Power Of Apple

Recent internal documents show that Facebook is more concerned about competition between its products — such as its Instagram photo-sharing app and its original name network — than external rivals.

Investigators find that Facebook “deteriorated” quality, damaging its users’ privacy and resulting in a “dramatic rise in misinformation” due to its minimal competition. House Report Cites Monopoly Power Of Apple

In a statement, Facebook stated that it ‘compete[s] with a wide range of services, which are used by millions or even billions.’ In Instagram and WhatsApp, he added, “At the time of both acquisitions, there existed and exists today a highly competitive landscape. The regulators reviewed every deal thoroughly and rightly saw no reason at the time to stop them.”

House Report Cites Monopoly Power Of Apple – Google

The report says that Google has a monopoly on search and search publicity, and its domain is protected by data and deals it has found in many browsers and devices worldwide to be the default search engine. “A substitute is not an alternative search engine,” researchers said. House Report Cites Monopoly Power Of Apple

By undermining search contenders and favored their content in research outcomes, Google has maintained its dominant position.

The report also outlines how all Google data gathering from its users and competitors reinforces its dominance and makes ads even more cost-effective.

“Google is increasingly acting as an ecosystem of interlocking monopolies by linking these services together,” it says. House Report Cites Monopoly Power Of Apple

Google declared that it had disagreed with the report, which stated that “the feature of commercial competitors’ outdated and inaccurate claims on the search and other services.” The company said that the proposed remedies would “really damage consumers, America’s technological leadership and the American economy

Disclosure: This post can contain affiliate links, which means that if you click a link and buy anything we suggested, we may earn a fee. Read more about Affiliate disclosure here.


We believe and sincerely hope that this post was helpful to you, please show your support by sharing it with your families, acquaintances, friends, and relatives who might be in a dire need of this help-guide via Facebook, Twitter, as well as on Instagram platform using the social buttons on this page.


Copyright And Warning: Published contents (including posts and media) on this blog may not be reproduced, redistributed, republished either in whole or in part without due permission or acknowledgment from the Quick News Ng administrator.

The blog posts and other content on this blog is written and published with good intentions. If you own any of the content and believe that your copyright was violated or infringed, please ensure you contact us via [coolieecoldex(at)gmail.com] to file a complaint, and actions will be taken with an immediate effect.

LEAVE A REPLY

Please enter your comment!
Please enter your name here