House Dems back antitrust overhaul of Google, Facebook, Amazon, Apple

The report found that the federal agencies tasked with enforcing antitrust laws, the Justice Department and the Federal Trade Commission, had failed to properly regulate the companies as they experienced meteoric growth by buying up smaller competitors in the past two decades. And the report said that federal courts at the same time had weakened existing statutes to benefit businesses and had enforced only a price-based consumer welfare standard that the report called outdated.

To counter those trends, the report recommended that Congress reinvigorate its own antitrust enforcement and overhaul existing laws, including the Sherman Antitrust Act of 1890 and the Clayton Antitrust Act of 1914, to account for the rise of monopolies in the digital marketplace, where services, like those provided by the four companies, are often free to use.

The report — 450 pages long, with more than 2,500 footnotes — and the recommendations constitute a stunning rebuke

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