After a protracted 16-month investigation that involved the tech world's biggest names being grilled by Congress, the House Judiciary subcommittee on antitrust has released its report. The findings are, unsurprisingly, that Google, Apple, Amazon, and Facebook hold "monopoly power" in tech spaces and that action should be taken to reduce or limit it.
The report concluded that each of the four companies holds monopoly power over a different section of the industry--Apple over "software distribution on iOS devices," Google "in the market for general online search," Facebook "in the market for social networking," and Amazon "over most third-party sellers and many of its suppliers."
The recommendations are extensive, and would represent sweeping changes to existing antitrust laws. They include recommendations such as prohibiting dominant platforms from entering "adjacent lines of business," such as Facebook acquiring Instagram, or Google acquiring YouTube. Interestingly, Google chose not to acquire Twitch back in 2014 due to antitrust concerns, already having video giant YouTube under its belt.
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