16-month investigation by US 'house subcommittee' of Big Tech, excerpts 400 page report for our understanding:
who includes big tech:
1/apple
2/amazon
3/google
4/facebook
investigation based on:
1\\hearings
2\\testimony
3\\>million documents
1/n
who includes big tech:
1/apple
2/amazon
3/google
4/facebook
investigation based on:
1\\hearings
2\\testimony
3\\>million documents
1/n
charges common to all:
1/monopoly
2/threaten core economy
3/political liberties
4/deals to swallow rivals
5/sell at loss to hurt competitors
specific charge on apple:
-use its control over apps to squeeze excessive fees out of app developers who pass those costs to users
2/n
1/monopoly
2/threaten core economy
3/political liberties
4/deals to swallow rivals
5/sell at loss to hurt competitors
specific charge on apple:
-use its control over apps to squeeze excessive fees out of app developers who pass those costs to users
2/n
specific charge on amazon:
-use dominant share of online retail to unfairly compete with outside sellers using its platform
specific charge on facebook:
-acquiring companies, including Instagram & WhatsApp, in order to snuff out growing competitors.
3/n
-use dominant share of online retail to unfairly compete with outside sellers using its platform
specific charge on facebook:
-acquiring companies, including Instagram & WhatsApp, in order to snuff out growing competitors.
3/n
specific charge on google:
-use dominant share of search market to entrench its own position, advantage its own products & take over other markets like maps & advertising
recommendations:
1\\improve antitrust enforcement
2\\enhance federal antitrust statutes
4/n
-use dominant share of search market to entrench its own position, advantage its own products & take over other markets like maps & advertising
recommendations:
1\\improve antitrust enforcement
2\\enhance federal antitrust statutes
4/n
3\\increase funding for agencies
4\\bring the antimonopoly toolkit
5\\suggest structural separation or divestiture
Learnings for our MP's @Tejasvi_Surya @rajeev_mp @M_Lekhi
4\\bring the antimonopoly toolkit
5\\suggest structural separation or divestiture
Learnings for our MP's @Tejasvi_Surya @rajeev_mp @M_Lekhi