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Thursday, August 11, 2022

Amazon, FB, Google suppress competition, favor their products: US government panel

WashingtonNew internal documents released by the US House Judiciary Committee have revealed how Amazon, Facebook and Google endorsed their own products and abused their dominance to suppress competition from their rivals.

The new documents include internal Facebook documents that show the company considers itself a leader in the social networking market and defends itself from competitive threats.

The House Judiciary Committee said in a statement, “Other newly released documents include internal communications from Google showing that it is preventing smartphone makers from offering products or services that compete with Google’s mobile apps.” leverages its control over the Android mobile operating system for Tuesday

Internal Amazon documents demonstrate how Amazon abuses its dominance over e-commerce, forcing third-party sellers to purchase other services from Amazon, such as fulfillment and delivery.

Pramila Jayapal (D-WA), vice chair of the House Antitrust Subcommittee, said, “From Amazon and Facebook to Google and Apple, there’s no doubt that these unruly tech giants have grown too big to care and people have never been able to. Profits have become too powerful to keep on.”

“The report is clear: It’s time for Congress to act to protect consumers and promote competition. The My Ending Platform Monopoly Act will be an important step toward reining in the power of Big Tech.”

The report came as US lawmakers pushed for a stronger antitrust law to be approved by the end of the year.

The 450-page report details the findings and recommendations of a bipartisan investigation that includes seven congressional hearings, the production of nearly 1.3 million internal documents and communications from the firms investigated, and submissions from 38 antitrust experts.

“The findings and recommendations clearly show that it is a long time for Congress to enact meaningful updates to our antitrust laws to address the lack of competition in digital markets and the monopoly power of major platforms such as Amazon, Apple, Facebook and Google. The chairman of the House Judiciary Committee, Jerrold Nadler (D-NY), said.

World Nation News Desk
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