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

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

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. 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.

“This proposal is a thinly veiled call to break up Big Tech firms. We do not agree with the majority’s approach,” Buck wrote.

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