U.S. House's antitrust report hints at break-up of Big Tech firms: lawmaker

United States News News

U.S. House's antitrust report hints at break-up of Big Tech firms: lawmaker
United States Latest News,United States Headlines

The U.S. House of Representatives antitrust report on Big Tech firms contains a 'thinly veiled call to break up' the companies, Republican Congressman Ken Buck said in a draft response seen by Reuters.

WASHINGTON - The U.S. House of Representatives antitrust report on Big Tech firms contains a “thinly veiled call to break up” the companies, Republican Congressman Ken Buck said in a draft response seen by Reuters.

FILE PHOTO: The logos of Amazon, Apple, Facebook and Google in a combination photo from Reuters files./File Photo The House antitrust subcommittee is expected to publish its report this week on Amazon.com Inc, Apple Inc, Facebook Inc and Google owner Alphabet Inc. A Buck representative confirmed to Reuters the authenticity of the draft response, which was first reported by Politico. In the draft, Buck said he shared Democratic concerns about the power of Big Tech firms, with their penchant for “killer acquisitions” to eliminate rivals and self-preferencing in guiding customers to their other products. However, he objected to a plan to require them to delineate a clear “single line of business”. Social media platform Facebook also owns Instagram and WhatsApp, search engine provider Google’s businesses include YouTube and Android, and e-commerce leader Amazon operates a massive cloud computing unit. “This proposal is a thinly veiled call to break up Big Tech firms. We do not agree with the majority’s approach,” Buck wrote. It is not yet known how many Republicans will support the report, which is being led by Democratic Chairman David Cicilline. Reports and recommendations with bipartisan support usually have a bigger impact. “The report offers a chilling look into how Apple, Amazon, Google and Facebook have used their power to control how we see and understand the world,” Buck wrote. He agreed with some of the report’s recommendations, such as making it easier for the Justice Department and Federal Trade Commission to stop mergers by lowering their burden of proof, and allowing consumers to take control of their data through data portability and interoperability between platforms.Buck also said he was displeased that the report failed to address conservative allegations that some platforms have tried to stifle conservative voices.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

 

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock-market crash signal with 30-year record of doom flashing for big tech - Business InsiderStock-market crash signal with 30-year record of doom flashing for big tech - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »

Stock picks to buy, cheap alternatives to big tech: Morgan Stanley - Business InsiderStock picks to buy, cheap alternatives to big tech: Morgan Stanley - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »

'A big red flag': Trump receives steroid treatment for Covid-19'A big red flag': Trump receives steroid treatment for Covid-19A steroid treatment prescribed to Pres. Trump on Saturday, dexamethasone, has shown to be beneficial in those with severe Covid-19 because it can stop the immune system from going into overdrive. But it's not recommended for more mild cases of the disease.
Read more »

Big Law Firms Prosper Despite Covid-Impaired EconomyBig Law Firms Prosper Despite Covid-Impaired EconomyThe most elite firms say they are on track for a record year, thanks to hot practice areas like restructuring and public-offerings work, and many are doling out extra money to lawyers this fall.
Read more »



Render Time: 2026-05-13 13:55:38