
A long-awaited report from a U.S. House antitrust subcommittee finds that Amazon “has monopoly power over most third-party sellers and many of its suppliers,” and proposes sweeping reforms for U.S. tech giants including “structural separations to prohibit platforms from operating in lines of business that depend on or interoperate with the platform.”
Amazon called the report fundamentally flawed, saying its “fringe notions on antitrust” presented an inaccurate view of the market and competitive landscape.
The 450-page report from the subcommittee’s Democratic leaders concludes a 16-month investigation into Facebook, Google, Amazon and Apple as the operators of major online markets. It finds that the market power of the four tech giants “has diminished consumer choice, eroded innovation and entrepreneurship in the U.S. economy, weakened the vibrancy of the free and diverse press, and undermined Americans’ privacy.”
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