The antitrust subcommittee of the House Judiciary Committee issued their long-awaited report documenting the extensive ways in which Amazon, Apple, Facebook and Google control, dominate and abuse markets: “To put it simply, companies that once were scrappy, underdog startups that challenged the status quo have become the kinds of monopolies we last saw in the era of oil barons and railroad tycoons. Although these firms have delivered clear benefits to society, the dominance of Amazon, Apple, Facebook, and Google has come at a price. These firms typically run the marketplace while also competing in it—a position that enables them to […]
