The US House Judiciary Committee of the House of Representatives has published a 450-page antitrust report. The report finds that Amazon, Apple, Facebook, and Google each hold monopoly power and, in some cases, should have parts of their businesses effectively broken up.
The report is a result of a 16 month long investigation into the business practices of Amazon, Apple, Facebook, and Google. The report states that while these companies differ in important ways, there are common problems:
The report recommends structural separation and line of business restrictions for Amazon, Apple, Facebook, and Google.
The report lists specific policy recommendations including proposals to promote fair competition in digital markets; strengthen laws relating to mergers and monopolisation; and restore vigorous oversight and enforcement of antitrust laws. The new antitrust legislation is planned to be passed within three to six months, according to CNBC.