Last night, House Democrats dropped a juicy 449-page document. The long-awaited report, which compared Big Tech to “oil barons and railroad tycoons,” was packed with evidence collected over the past 16 months that was designed to prove the companies held "monopoly power". Unsurprisingly, it announced that all four companies are monopolies. The proposed solution would be to essentially break up the companies, embolden the agencies that police market concentration, and make it harder for powerful companies to acquire start-ups. Unsurprisingly, all four companies were quick to defend themselves. Google even dominated the report, with a total of 1,966 mentions. It was accused of holding monopoly power in online searches, and favouring its own content over other websites. “We compete fairly in a fast-moving and highly competitive industry. We disagree with today’s reports, which feature outdated and inaccurate allegations from commercial rivals about Search and other services,” Google wrote in a… ..... Read More.
3 weeks ago