The U.S. House of Representatives Judiciary Committee’s antitrust subcommittee is expected to release a much-anticipated report into antitrust allegations against four of America’s largest “Big Tech” companies — Amazon, Apple, Facebook, and Google (Alphabet) — as soon as Monday, according to Reuters, which cites “a source with direct knowledge of the matter.”
The chief executives of four of the world’s largest tech companies, Amazon.com Inc, Facebook Inc, Apple and Alphabet’s Google, testified before the panel in July.
During the hearing, the four CEOs parried a range of accusations that they crippled smaller rivals in their quest for market share. The four companies have a combined market value of about $5 trillion.
The House antitrust subcommittee plans to hold a hearing on Friday on proposals to strengthen antitrust laws and restore online competition as it nears the release of this long-awaited report on Big Tech.
MacDailyNews Take: In July the four executives faced questions over a wide array of issues including fair competition, the digital marketplace, influence on public opinion, political agendas, and privacy.
Of all four who testified, Apple CEO Cook and Amazon’s Bezos seemed most comfortable while Alphabet (Google)’s Pichai looked out of his depth.