Thread by @UshaNirmala

16-month investigation by US 'house subcommittee' of Big Tech, excerpts 400 page report for our understanding:

who includes big tech:
1/apple
2/amazon
3/google
4/facebook

investigation based on:
1\hearings
2\testimony
3\>million documents

1/n

charges common to all:
1/monopoly
2/threaten core economy
3/political liberties
4/deals to swallow rivals
5/sell at loss to hurt competitors

specific charge on apple:
-use its control over apps to squeeze excessive fees out of app developers who pass those costs to users

2/n

specific charge on amazon:
-use dominant share of online retail to unfairly compete with outside sellers using its platform

specific charge on facebook:
-acquiring companies, including Instagram & WhatsApp, in order to snuff out growing competitors.

3/n

specific charge on google:
-use dominant share of search market to entrench its own position, advantage its own products & take over other markets like maps & advertising

recommendations:
1\improve antitrust enforcement
2\enhance federal antitrust statutes

4/n

3\increase funding for agencies
4\bring the antimonopoly toolkit
5\suggest structural separation or divestiture

Learnings for our MP's @Tejasvi_Surya @rajeev_mp @M_Lekhi