Apple, Amazon, Google, and Facebook's "monopoly power" needs to be "reined in," House report says
Business practices used by technology giants Amazon, Facebook, Apple and Google have allowed the companies to hold monopolies over large portions of the digital marketplace, according to a report released Tuesday by the Subcommittee on Antitrust, Commercial and Administrative Law.
The subcommittee reached its findings after conducting a bipartisan investigation requiring roughly 1.3 million pieces of documentation, seven hearings and testimonies from the CEOs of all four companies.
Amazon Web Services, the company's cloud-based hosting platform, contains the infrastructure of many websites used by Amazon's competitors, which could create a conflict of interest.
Since people who choose to use Apple can only use iOS apps and programs, the subcommittee said the company had increased prices and reduced the number of choices for consumers.
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