House Democrats: FB, AMZN, GOOGL & AAPL enjoy ‘monopoly power’ | Bhaskar Chakravorti on Yahoo! Finance
On Tuesday, October 6, the House Judiciary subcommittee released a document outlining its findings and recommendations on how laws should be rethought for modern society, where digital technologies play an ever-increasing role in our daily lives. The report is the result of a sixteen-month-long investigation into the competitive practices at four of the Big Tech firms, including Apple, Amazon, Facebook and Google. The subcommittee reports that these companies enjoy monopoly power and suggest that Congress should make changes to antitrust laws.
Fletcher Dean of Global Business Bhaskar Chakravorti is interviewed about these recommendations on Yahoo! Finance.