News Link: Apple Google Amazon And Facebook Misusing Their Powers? – By ND Technology Desk
Reuters reports that Google, Apple, Amazon and Facebook collectively represent more than $5 trillion in market value. A congressional panel argues that they have simply grown too big and too dominant in major digital markets.
In its report of 450 pages, the congressional panel of Washington says that the Tech Giants are abusing its powers. Amazon is controlling 50% of US market share and third party sellers say Amazon is controlling the pricing and customer information. Apple is controlling the app store singly with an iron fist. Facebook is into multiple offenses including M&A. It prevents smaller competitors citing examples of WhatsApp and Instagram absorption. Google prevents any search engine to stick on including Microsoft. In the report, it says that as remedial action, there could be break-ups, bans on future merger etc. – Reuters Tweets.
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In its report of 450 pages, the congressional panel of Washington says that the Tech Giants are abusing its powers. Amazon is controlling 50% of US market share and third party sellers say Amazon is controlling the pricing and customer information. Apple is controlling the app store singly with an iron fist. Facebook is into multiple offenses including M&A. It prevents smaller competitors citing examples of WhatsApp and Instagram absorption. Google prevents any search engine to stick on including Microsoft. In the report, it says that as remedial action, there could be break-ups, bans on future merger etc. – Reuters Tweets.
