Photo: representative David, Chairman of the Supreme Competition Committee of the House of Representatives
Original title: Facebook, Google Face House anti-trust probe
Netease Technologies News, June 4, according to the Washington Post, Democrats in the U.S. House of Representatives are planning a comprehensive review of Facebook, Google and other technology giants to determine whether they are large enough to curb competition and harm consumers'rights. This marks that the U.S. technology industry is facing presidential candidates from Congress, the White House and 2020. Internal and unprecedented scale of anti-monopoly investigation threats.
On Monday, local time, Representative David, Chairman of the Supreme Competition Committee of the House of Representatives,
'It's not for a particular technology company, but it's focused on people's general view,' said West Claye.
West Klein also said Amazon and Apple could also be the targets of an early investigation by the Supreme Competition Committee of the House of Representatives. He warned that the committee's goal was to take a broader look at the technology industry. The Democratic member said:
West Klein said Democrats will hold hearings to ask technology companies to provide relevant documents. If necessary, they may even pass on people, including leaders of Silicon Valley's largest company, who may also be asked to testify publicly. Siklein's office says all the innovations of technology companies have resulted in
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, the early efforts of government regulators even won the support of Democratic presidential candidates, such as Senator Elizabeth of Massachusetts.
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, president of the Information Technology and Innovation Foundation, an American think-tank
On Monday, Siklan said it was from the technology industry.
Gerald, chairman of the House Judicial Committee
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 this year, Facebook co-founder Chris
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 its search, advertising and smartphone products 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.
Mark, chief executive of Facebook, an early investor in Apple, Facebook and Google<#comment>#comment><#comment>#comment><#comment>#comment>