Amazon, Apple, Facebook and Google have abused their monopoly power and must undergo significant restructuring, according to a House report released Tuesday.
Lawmakers who wrote the report said the four tech companies had grown into monopolies akin to “oil barons and railroad tycoons” and suggested an overhaul to U.S. antitrust laws, according to The New York Times. The lengthy report, spearheaded by Democratic Reps. Jerrold Nadler and David Cicilline, is the result of a 15-month House Judiciary Committee investigation into the companies collectively known as Big Tech.
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