House Democrats say Facebook, Amazon, Alphabet, Apple enjoy 'monopoly power'
Source: CNBC
A Democratic congressional staff report recommends changes to antitrust laws and enforcement that could result in major changes for Big Tech companies, such as spinning off or separating parts of their businesses or making it harder to buy smaller companies.
The staff found, after a 16-month investigation into competitive practices at Apple, Amazon, Facebook and Google, that the four businesses enjoy monopoly power that needs to be reined in by Congress and enforcers.
In a nearly 450-page report, the Democratic majority staff laid out their takeaways from hearings, interviews and the 1.3 million documents they scoured throughout the investigation.
Read more: https://www.cnbc.com/2020/10/06/house-democrats-say-facebook-amazon-alphabet-apple-enjoy-monopoly-power.html
LovingA2andMI
(7,006 posts)And Break Up (or in some cases re-break back up) AT&T, T-Mobile/Sprint & Verizon Please.
Thank You! Signed Everyone!
Frasier Balzov
(2,647 posts)Polybius
(15,411 posts)Never even heard of them.
rockfordfile
(8,702 posts)it's not monopoly . if we are going to use 'monopoly like power', we then have to add other actors like tencent, microsoft, twitter..etc
Mike Nelson
(9,955 posts)... "monopoly" may be incorrect. However, there are problems with the companies and Congress needs to regulate and enforce. These are not the only companies, either! There are MORE than just "four businesses" that need to be "reined in."
CountAllVotes
(20,869 posts)Money hoarding greed mongers that are become monopolies, all of them!
Boycott! Boycott! Boycott! if you can!
Roy Rolling
(6,917 posts)AT&T and Standard Oil were once monopolies that grew out of the dominance of a new technology. Both were broken up, AT&T in 1985.
Its a routine pruning of the capitalist tree. Without it, one company grows unnaturally big and sucks up all the air, sunlight, and water meant to be shared for the health of all.
Americans should be concerned for the health of the forest, not the welfare of one, single gigantic tree.
OldBaldy1701E
(5,128 posts)pruning doesn't seem to help much, as this keeps happening. I seem to recall a definition of insanity: doing the same thing over and over again and expecting a different outcome. 'Pruning' is not the answer. This is more of a 'controlled burning' situation. Not that I expect anyone around this country to consider a real 'leveling the playing field' possibility. Having a monopolizing position is the American Way, after all. And when your government is made up of 56% millionaires when they only make up 5% of the population... well...
bucolic_frolic
(43,161 posts)Apple has competitors that also make phones. Must-have apps is their edge.
Congress broke up the old AT&T. Monopoly usually is a matter of market share and pricing power such that any minor players must follow the dominant force in the industry.
Facebook and Amazon seem most vulnerable to me.
cstanleytech
(26,291 posts)all those companies and the only real issue might be with Apple with locking people into only being able to use its app store.
That however can be resolved by Apple simply adding an option to enable the ability to install unsigned apps with suitable warnings that it may result in Apple voiding its warranty as well as any offers of free technical support.
ancianita
(36,055 posts)That's my take, and just my opinion.
Congress has lagged in oversight of these big tech companies. And now it wants to make its work even harder, by claiming it wants to regulate a whole bunch more tech companies. I don't think something that approaches an important national utility status needs to be broken up just yet. As usual, I take the techies' side. Because they're right about why the Internet's getting beaten up right now.
Distraction: We're still in the middle of a pandemic in which thousands of people are dying. We're still in the middle of an economic crisis with record unemployment, and massive impacts to people all around the country. We're still in the middle of a social upheaval as more and more people are speaking out against police brutality. We're still in the middle of huge climate issues, including devastating wild fires up and down the west coast and devastating hurricanes in the south. Fighting with internet dweebs is a distraction.
Fundraising: It's common knowledge in DC for politicians that if you need to bump up your coffers, you introduce important legislation about an industry that is doing well, because it leads them to suddenly start throwing money into the campaign funds of folks on all sides of the issue. Tech is an industry that has been doing well, so why the fuck not?
Working the refs: A key strategy of Republicans lately has been to try to use this "oh, poor us, we're the victims" snowflake mentality to pressure social media companies to treat them with kid gloves when it comes to handling the propaganda and misinformation they're posting on social media. Continually attacking tech companies has worked so far, in at least getting Facebook to give Trump and friends more leeway to post nonsense, so why not keep pushing that button over and over again.
...at a time when technology and the internet has become that much more important due to the pandemic that the President seems to want to ignore, it seems that much more damaging to focus on destroying and hammering the open internet. It's positively backwards.
Sure, let's attack the one sector that is helping to keep a bunch of stuff afloat, and helping to keep people at home, rather sending them out to risk their lives in the midst of a pandemic.
And, of course, all of this seems to be coming directly at the request of the President himself who is desperately looking for any issue to draw focus to other than all of the things that make him look bad:
Theres hardly a conversation I have with the president where this doesnt come up, where Section 230 does not come up, usually raised by him, Hawley said in an interview...
https://www.techdirt.com/blog/covid/
I'm not sure how Apple exercises monopoly-like power. They make computers-so do dozens of other companies. (To my knowledge, no manufacturer has indicated a desire to license the Apple OS.) Numerous companies also make tablets, smart phones, watches, streaming tv, voice actuated gizmos, etc. The app store has thousands of developers; making sure they provide apps that will not screw up the Apple devices is just good business sense.