Australia  

House panel issues scathing Big Tech complaint

Video Credit: Reuters - Politics - Duration: 01:58s - Published
House panel issues scathing Big Tech complaint

House panel issues scathing Big Tech complaint

The U.S. House of Representatives antitrust subcommittee's findings on abuse of market power by four large tech companies took Amazon, Apple, Facebook and Alphabet's Google to task in a scathing take-down for what the committee saw as a gross abuse of power aimed at squelching competition.

Conway G.

Gittens reports.

Washington is finally ready to turn up the heat on Silicon Valley... After a more than year-long probe, a House antitrust panel on Tuesday released a scathing report slamming Amazon, Facebook, Apple and Alphabet's Google for anti-competitive practices that unfairly hurt rivals.

The long-awaited findings detail what lawmakers believe are the lengths these big tech companies took to abuse their dominance, including the use of exorbitant fees and 'oppressive' contracts to squeeze out more profits.

"To put it simply, companies that were once scrappy, underdog startups that challenged the status quo have become the kinds of monopolies we last saw in the era of oil barons and railroad tycoons," said the report.

Subcommittee chairman David Cicilline gave a preview of what to expect at a tech hearing this summer.

"Prior to the COVID-19 pandemic, these corporations already stood out as titans in our economy in the wake of COVID-19, however, they're likely to emerge stronger and more powerful than ever before." The House committee claims Amazon abuses its dominance by not only operating the marketplace but selling items, allowing it access to third-party data, which it uses to sell copy-cat items. Calling that an "inherent conflict of interest." It recommends Congress consider a law that prohibits companies from operating the markets in which they compete.

Lawmakers didn't mince words when it came to Facebook either.

The House panel accused Facebook of maintaining its social media dominance by identifying rivals and then either copying from them, buying them, or just outright killing them.

But the news wasn’t all bad.

The report lacked any calls for company breakups or Congressional attempts to block future mergers.

There was no immediate response from any of the companies.

Shares of Facebook, Amazon, Apple and Google all added to loses in after-hours trading.




You Might Like


💡 One News Page Knowledge: Other News Mentions

Amazon (company) Amazon (company) American technology and e-commerce company

Netflix Declares More Than $1.3 Billion In UK Revenue [Video]

Netflix Declares More Than $1.3 Billion In UK Revenue

On Saturday, Netflix said it would declare more than $1.3 billion in UK revenue. The news is likely to put pressure on other tech giants like Amazon and Google many of which use tax jurisdictions to their favor. Business Insider reports Netflix has about 50 productions based in the UK, including "The Crown" and "The Witcher." Variety reports Netflix is planning to double UK spending.

Credit: Wochit News    Duration: 00:30Published

Amazon's Alexa Accused of Sharing Anti-Semitic Messages, Holocaust Lies

Alexa -- Amazon's popular virtual helper -- is spewing out hateful anti-Semitic conspiracies and even lies about the Holocaust ... according to the UK’s..
TMZ.com
Amazon Gives Front-line Workers $300 Bonus [Video]

Amazon Gives Front-line Workers $300 Bonus

Amazon Gives Front-line Workers $300 Bonus

Credit: Wochit News    Duration: 00:27Published
Black Friday: Amazon workers in Germany go on strike over working conditions [Video]

Black Friday: Amazon workers in Germany go on strike over working conditions

Around 2,500 Amazon workers across the country are predicted to take part in walkouts, according to the union Ver.di.View on euronews

Credit: euronews (in English)    Duration: 01:40Published

Facebook Facebook American online social networking service

Could Amanda Seyfried bag an Oscar for Mank? [Video]

Could Amanda Seyfried bag an Oscar for Mank?

The actress steals the show in the new Netflix movie, from director David Fincher. Report by Nelsonj. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 04:58Published
Star Wars’ David Prowse immensely affable, C-3PO actor says [Video]

Star Wars’ David Prowse immensely affable, C-3PO actor says

Actor Anthony Daniels has paid tribute to his Star Wars costar David Prowse, who passed away at the age of 85, describing him as an “immensely” affable and warm person. Prowse was best known for playing Darth Vader in the in the original Star Wars trilogy, while Daniels starred as droid C-3PO. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 01:10Published
Michel Barnier: Brexit talks continue even on Sunday [Video]

Michel Barnier: Brexit talks continue even on Sunday

EU Chief Negotiator Michel Barnier says make-or-break Brexit negotiations continue "even on Sunday". Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:30Published
Raab: Pragmatism is needed from EU on final Brexit issues [Video]

Raab: Pragmatism is needed from EU on final Brexit issues

Foreign Secretary Dominic Raab insists the UK it on the "last leg" of its Brexit trade negotiations with the European Union. He adds, however, pragmatism is needed from the Bloc on the outstanding key issues, including a fisheries policy. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:19Published
Michel Barnier continues make-or-break Brexit talks [Video]

Michel Barnier continues make-or-break Brexit talks

EU Chief Negotiator Michel Barnier continues make-or-break Brexit negotiations in London with his UK counterpart Lord Frost. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:46Published

Google Google American technology company

Google rolling out new feature called 'Chrome Actions' [Video]

Google rolling out new feature called 'Chrome Actions'

Tech giant Google is gradually rolling out a new feature to Google Chrome 87 that allows the user to type commands in the address bar that performs specific browser actions. According to Mashable, this new feature is called 'Chrome Actions' and allows the user to type in a command, causing an action to be displayed in the address bar search results. When the user selects that action, it will be executed in the browser. The new option can help user directly search in Google or the engine of choice and even present calculations and unit conversions even before pressing 'Enter'. Its next trick might appeal to a certain class of users who are more used to entering commands in a terminal or envision themselves giving orders to the browser through typed commands.

Credit: ANI    Duration: 01:10Published
Google Pay's old application, website to lose payment features in America in January [Video]

Google Pay's old application, website to lose payment features in America in January

Google on Tuesday (local time) said that its payments application Google Pay's iOS, and Android applications along with its website version are set to lose their payment features in America. According to the Verge, applications will only work till December and will lose their features in January in America. As per a Google support document quoted by The Verge, the old apps will not be able to send or receive payments or withdraw money soon. Alternatively, a notice on the website of the payments service also said that it will also lose the feature of sending and receiving peer-to-peer payments.

Credit: ANI    Duration: 01:16Published

Big Tech Big Tech Collective term for large technology companies including Google, Amazon, Facebook, Apple, and Microsoft

EU looks to curb powers of Big Tech with new Digital Services Act [Video]

EU looks to curb powers of Big Tech with new Digital Services Act

The Digital Services Act, which is expected to be in place by the end of this year, is the first big overhaul of European internet regulation for two decades.View on euronews

Credit: euronews (in English)    Duration: 03:47Published

Apple Inc. Apple Inc. American technology company

Apple Store Black Friday Deals [Video]

Apple Store Black Friday Deals

Apple Store Black Friday Deals

Credit: Wochit News    Duration: 00:26Published
Miley Cyrus Fell Off The Wagon [Video]

Miley Cyrus Fell Off The Wagon

Miley Cyrus has battled sobriety for years. During a recent appearance on Apple's "New Music Daily with Zane Lowe" Cyrus said she "fell off" the wagon during the pandemic. The singer and actress says she would never want to pretend that she has been sober. "I fell off and I realized that I now am back on sobriety, two weeks sober." The star said she has issues with moderation and said she believes everyone should do what's best for them. Cyrus' latest album, "Plastic Hearts," drops Friday.

Credit: Wochit News    Duration: 00:36Published
Microsoft, Apple working on Xbox Series X controller support for iPhones and iPads [Video]

Microsoft, Apple working on Xbox Series X controller support for iPhones and iPads

Tech companies Microsoft and Apple are working together to make the Xbox Series X and Series S controllers work on iPhones and iPads. According to The Verge, Currently, the new controllers are not officially supported in iOS or iPadOS, but Apple said, "Microsoft and Apple are working together to bring compatibility for the Xbox Series X controller to customers in a future update." As per The Verge, it is unclear as to how long it will take Apple to certify the new Series X controllers, but there are signs that DualSense support might come soon. Apple Insider reported recently that iOS 14.3, which is currently in beta, "appears to include behind-the-scenes support" for the PS5's DualSense controller.

Credit: ANI    Duration: 01:43Published
G20 to pledge to pay for fair access to vaccines [Video]

G20 to pledge to pay for fair access to vaccines

Leaders of the world's 20 biggest economies on Sunday will pledge to pay for a fair distribution of COVID-19 vaccines, drugs and tests around the world so that poorer countries are not left out, and to extend debt relief to them, a draft G20 communique showed. Fred Katayama reports.

Credit: Reuters - Politics    Duration: 01:11Published
Apple to Pay $113 Million for Intentionally Slowing Down iPhones [Video]

Apple to Pay $113 Million for Intentionally Slowing Down iPhones

According to CNN, Apple has agreed to settle an investigation over how it pushed a software update in December 2016.

Credit: Cover Video STUDIO    Duration: 00:59Published

Alphabet Alphabet Standard set of letters that represent phonemes of a spoken language

Stocks rebound with tech in the lead [Video]

Stocks rebound with tech in the lead

U.S. stocks recovered on Thursday some of the steep losses seen the day before as investors gobbled up high-flying tech names in anticipation of strong quarterly results after the close, which Amazon, Apple, Facebook and Google's parent Alphabet each delivered. Conway G. Gittens reports.

Credit: Reuters Studio    Duration: 02:09Published

David Cicilline David Cicilline U.S. Representative from Rhode Island


United States Congress United States Congress Legislature of the United States

Won't allow any political leader to speak on our stage: BKU Krantikari Punjab president [Video]

Won't allow any political leader to speak on our stage: BKU Krantikari Punjab president

While addressing a press conference at Delhi-Haryana Border, Surjeet S Phul, President, BKU Krantikari (Punjab) on November 29 said, "We've decided that we won't allow any political party leader to speak on our stage, be it Congress, BJP, AAP or other parties. Our committee will allow other organisations, who are supporting us, to speak if they follow our rules." "We want to apologise to media for misbehaviour with them by a few protesters unknowingly. To avoid such situations in future, we've decided that after every meeting, an official press note will be released by us for media," he added.

Credit: ANI    Duration: 02:28Published
‘Congress ends up opposing country while opposing PM Modi’: JP Nadda [Video]

‘Congress ends up opposing country while opposing PM Modi’: JP Nadda

BPJ president JP Nadda took a jibe at Congress and J&K leaders in Hyderabad. He said, “In Jammu and Kashmir, NC leader Farooq Abdullah says he'll seek China's help to restore Article 370. PDP leader Mehbooba Mufti says she'll not raise tricolour until Jammu and Kashmir, Farooq’s flag is restored. These are our national leaders. Congress opposes Modi ji but ends up opposing the country. It stands with Gupkar alliance.” Nadda held a roadshow in Hyderabad on Friday ahead of the Greater Hyderabad Municipal Corporation election. The roadshow was conducted from the Nagole Chowrasta to Kothapet Chowrasta in the city. Watch the full video for more.

Credit: HT Digital Content    Duration: 03:10Published
Congress opposes Narendra Modi but ends up opposing country: JP Nadda [Video]

Congress opposes Narendra Modi but ends up opposing country: JP Nadda

Bharatiya Janata Party (BJP) president JP Nadda addressed a rally on November 27. He said, "In Jammu and Kashmir, NC leader Farooq Abdullah says he'll seek China's help to restore Article 370. PDP leader Mehbooba Mufti says she'll not raise tricolour until Jammu and Kashmir, Farooq 's flag is restored. These are our national leaders. Congress opposes Modi ji but ends up opposing the country. It stands with Gupkar alliance."

Credit: ANI    Duration: 01:32Published