House lawmakers released a scathing report on four of the world’s largest tech companies, accusing them of abusing their market power. The report, which was released on Tuesday and concludes a 15-month investigation into Amazon, Apple, Facebook and Google, recommended breaking up the companies and passing the most sweeping reforms to antitrust laws in decades.
Here is a summary of the accusations against each company in the report, which was endorsed only by Democratic lawmakers.
The company uses its market power as both the largest online retailer and the leading e-commerce marketplace to its advantage and to hobble potential competitors. Amazon sets the rules for digital commerce. About 2.3 million third-party sellers do business on the Amazon marketplace worldwide, the report said, and 37 percent of them rely on Amazon as their sole source of income — essentially making them hostage to Amazon’s shifting tactics.
Amazon harvests the sales