On Monday, U.S. Local time, Representative David Siklan (David Cicilline), chairman of the House of Representatives Supreme Competition Committee, announced the survey, which is expected to have far-reaching implications. At this moment, Democrats and Republicans have reached a rare agreement that the unregulated technology industry should be changed. This mood spurred a sharp drop in technology stocks at the start of the week.
The survey will not focus on a particular technology company, but on what is widely believed to be the "Internet has collapsed," Sicklain said. In doing so, he pointed out problems with technology giants such as Google and Facebook. Google faces sanctions in Europe for placing its search service above its competitors, and Sicklyn criticizes Facebook for plagiarizing and acquiring competitors to ensure its continued dominance in social networking.
Sicklain also said Amazon and Apple could be early targets for the House Supreme Competition Committee. He warned that the committee's goal was to take a broader look at the technology industry. "In many ways, the early development of the Internet has not been interfered with much, and it has created so much value for people's lives," the Democratic MP said. Many people believe that it should not be interfered with, but allowed to flourish. However, over time, people have realized that there are many real dangers here."
Sicklain said Democrats would hold hearings asking technology companies to provide relevant documents. If necessary, they may even pass on relevant personnel, including the leaders of Silicon Valley's largest companies, who may also be required to testify publicly. Sicklain's office said that all the innovations of technology companies created "escalating crises", ranging from violations of Americans'privacy rights to erosion of advertising revenue from cash-strapped local news media.
In recent days, the Trump administration has said it is also looking to Silicon Valley and has taken initial steps to separate future competition regulation for Amazon, Apple, Facebook and Google. The efforts of the two antitrust enforcement agencies, the Federal Trade Commission (FTC) and the United States Department of Justice, may pave the way for more formal investigations into the actions of these companies, although the exact objectives of these two agencies are not yet clear.
However, early efforts by government regulators even won the support of Democratic presidential candidates, such as Senator Elizabeth Warren (Elizabeth Warren), of Massachusetts, who has long called for a break-up of large technology companies. Over the weekend, Republicans in Congress also praised the Trump administration's move to turn its attention to the technology industry. Missouri Senator Josh Holly (Josh Hawley) wrote on Twitter: "this is very big news, and it should have been done for a long time."
Amazon, Apple and Facebook did not respond to requests for comment, and Google declined to comment.
The widespread attention of the two major political parties in the United States to Silicon Valley has brought the biggest political test ever to the entire technology industry. In previous years, Silicon Valley has experienced relatively stable development in the U.S. capital. Even when regulators around the world try to challenge the business practices of these companies, such as the $9 billion fine imposed on Google in Europe in the past three years alone, the United States remains a staunch ally of Facebook, Google and its peers.
However, the 2016 U.S. presidential election began to erode this political goodwill, as lawmakers began to realize that malicious actors could use social networks and their enormous influence to spread lies in real time. A large number of privacy violations, especially on Facebook, further reinforce the feeling among members of Congress that big technology giants use users'personal information to enrich themselves and allow people to use their services when they have no other choice.
Rob Atkinson, president of the Information Technology and Innovation Foundation, a US think-tank, said: "Technology can't go wrong for a while," said Rob Atkinson, president of the Information Technology and Innovation Foundation, a US think-tank. They are the source of all innovation, good things, progress and democracy. But now that perception has changed. " Atkinson stressed that the technology industry has launched many of the consumer's favorite services, from Facebook instant messaging apps to Amazon's lightning fast delivery service, most consumers do not feel that there is a problem at all.
On Monday, Sicklain called it a "monopoly moment" for the technology industry, comparing its commission's inquiries into Amazon, Apple, Facebook, Google and their peers to past congressional surveys of airlines and telephone suppliers, each of which led to fine-tuning of U.S. antitrust laws. He said that in the next 18 months, the House Judicial Committee and its top anti-monopoly team will focus on putting forward their own recommendations.
Gerald Nadler, chairman of the House Judicial Committee, said: "the open Internet has brought great benefits to Americans, including a surge in economic opportunities, a lot of investment and online.educationNew ways. But there is growing evidence that some gatekeepers have begun to control the critical arteries of online commerce, content and communication.
New anti-trust investigations led to a drop in technology stocks on Monday. Facebook shares fell by more than 7%, Google by 6%, Amazon by 4%, and Apple by 1%.
In recent months, a growing number of politicians, academics and business leaders have agreed that technology giants have accumulated too much power that should be regulated or even split up. In May, Chris Hughes (Chris Hughes), co-founder of Facebook, said in a column that it was time to split the company.
Critics of Amazon point out that the company dominates retail e-commerce sales. According to data released by eMarketer in May, Amazon accounts for nearly 40% of the online market. At the same time, Amazon has expanded into new business areas, such as groceries, and has taken the lead in cloud computing services. However, Amazon argues that in an industry dominated by retailers such as Wal-Mart, the largest U.S. retailer, Amazon controls a smaller share of retail sales.
For Apple, the long-standing concern is its App Store, the gateway to games and other software controlled by Apple. For a long time, Apple has been entangled with companies such as Spotify, a music streaming application, because the commissions Apple charges make it more difficult for competitors to operate. Apple denied this, but the European Union is reportedly investigating the matter.
Google has long struggled to counter investigations by EU regulators who believe that Google's search, advertising and intelligenceMobile phoneProducts put competitors at a disadvantage. U.S. regulators had previously investigated the company, but chose not to impose heavy penalties at the end of the investigation in 2013. As far as Facebook is concerned, the way it handles false information and privacy has aroused widespread criticism, and many people, including Facebook co-founder Hughes, have called for a breakup of the company.
Roger McNano (Roger McNamee), an early investor in Apple, Facebook and Google and a former adviser to Mark Zuckerberg (Mark Zuckerberg), chief executive of Facebook, said: "the Internet platform has been at large since its inception, giving democracy and public health. Privacy and competition have terrible consequences. "